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iCEBREAKER
Legendary
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Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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February 04, 2013, 06:46:04 PM |
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Astronomically Epic Win
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| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
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rpgman1
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Activity: 35
Merit: 0
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February 04, 2013, 07:03:26 PM |
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Makes the US look like the Axis of Evil. Really pointless to print more fiat currency when many countries are slowly abandoning the dollar in favor of other currencies and gold.
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Dansker
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February 04, 2013, 07:14:26 PM |
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And for people outside the US: What is Fedwire?
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iCEBREAKER
Legendary
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Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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February 04, 2013, 08:38:17 PM |
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And for people outside the US: What is Fedwire?
http://lmgtfy.com/?q=fedwire Fedwire is extremely important to billions of people outside the US. Regardless of astronomically ignorant assumptions to the contrary. And although they should, most Americans don't know what Fedwire is either. Exclusive: The Fed's $600 Billion Stealth Bailout Of Foreign Banks Continues At The Expense Of The Domestic Economy, Or Explaining Where All The QE2 Money WentCourtesy of the recently declassified Fed discount window documents, we now know that the biggest beneficiaries of the Fed's generosity during the peak of the credit crisis were foreign banks, among which Belgium's Dexia was the most troubled, and thus most lent to, bank. Having been thus exposed, many speculated that going forward the US central bank would primarily focus its "rescue" efforts on US banks, not US-based (or local branches) of foreign (read European) banks: after all that's what the ECB is for, while the Fed's role is to stimulate US employment and to keep US inflation modest. And furthermore, should the ECB need to bail out its banks, it could simply do what the Fed does, and monetize debt, thus boosting its assets, while concurrently expanding its excess reserves thus generating fungible capital which would go to European banks. Wrong. Below we present that not only has the Fed's bailout of foreign banks not terminated with the drop in discount window borrowings or the unwind of the Primary Dealer Credit Facility, but that the only beneficiary of the reserves generated were US-based branches of foreign banks (which in turn turned around and funnelled the cash back to their domestic branches), a shocking finding which explains not only why US banks have been unwilling and, far more importantly, unable to lend out these reserves, but that anyone retaining hopes that with the end of QE2 the reserves that hypothetically had been accumulated at US banks would be flipped to purchase Treasurys, has been dead wrong, therefore making the case for QE3 a done deal. In summary, instead of doing everything in its power to stimulate reserve, and thus cash, accumulation at domestic (US) banks which would in turn encourage lending to US borrowers, the Fed has been conducting yet another stealthy foreign bank rescue operation, which rerouted $600 billion in capital from potential borrowers to insolvent foreign financial institutions in the past 7 months. QE2 was nothing more (or less) than another European bank rescue operation! For those who can't wait for the punchline, here it is. Below we chart the total cash holdings of Foreign-related banks in the US http://www.zerohedge.com/article/exclusive-feds-600-billion-stealth-bailout-foreign-banks-continues-expense-domestic-economy-
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| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
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marcus_of_augustus (OP)
Legendary
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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February 04, 2013, 09:18:03 PM |
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And for people outside the US: What is Fedwire?
http://en.wikipedia.org/wiki/Fedwirefedwire is the interbank settling system of fed. res. monitored banks in the US ... transfers on fedwire are non-reversible, i.e. final ... think of it like a bitcoin system for the banks, except not as secure
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iCEBREAKER
Legendary
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Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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February 06, 2013, 04:47:32 AM |
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Fed Confirms It Was Hacked By Anonymoushttp://www.zerohedge.com/news/2013-02-05/fed-confirms-it-was-hacked-anonymous Bwa ha ha ha ha, ha ha, ha! Anon is going to audit the Fed, whether they (and their lickspittle apologists) like it or not.
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| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
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Third Way
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February 06, 2013, 05:12:53 AM |
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I'm more interested in Ft Knox and tungsten bars myself.
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blease resbond -> 1BYJKxpntNn6TZbM5M5CWkEb8vr8vDcBrr
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Herodes
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February 06, 2013, 06:21:34 PM |
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I see quite a few young hackers getting thrown in jail for their affiliation with anonymous. When going for high resource targets, make damn sure you can't be tracked.
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moni3z
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February 07, 2013, 06:21:45 PM |
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Anon has denied all involvement, and if they actually did do this they'd be all up on twitter gloating a huge gloatfest Prob a false flag event to shove through some more SOPA laws or label Anon a "terrorist group" so feds can throw laws out the window hunting down simple website defacers and political activists
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Gabi
Legendary
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Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
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February 07, 2013, 08:18:01 PM |
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The dollar has been hacked??? SELL SELL SELL
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21after2
Member
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Activity: 112
Merit: 16
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February 08, 2013, 03:18:40 AM |
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They didn't get any serious information from what I heard. Just names, addresses, and the like. And I agree with moni3z: if it was Anonymous, they wouldn't shut the hell up about it.
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Monster Tent
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February 08, 2013, 06:40:24 AM |
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Defacing a website /= hacking the fed. Seems like a false flag to setup Anon as "terrorists"
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Lethn
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Activity: 1540
Merit: 1000
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February 08, 2013, 10:43:15 AM |
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The dollar has been hacked??? SELL SELL SELL You noob! Don't you know that only the federal reserve and their system has been hacked? The dollar is doing fine!
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Gabi
Legendary
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Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
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February 08, 2013, 03:28:49 PM |
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Nah, the dollar has been hacked, everyone, sell sell sell, it is not safe!!! (it is like how the press keep saying that bitcoin was hacked when in real it was only an exchange getting hacked )
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iCEBREAKER
Legendary
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Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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February 08, 2013, 04:51:26 PM |
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Anon is going to audit the Fed, whether they (and their lickspittle apologists) like it or not.
Defacing a website /= hacking the fed. Seems like a false flag to setup Anon as "terrorists" You will note that " going to" is future tense. Hacktivists including anon and wikileaks have already been (past tense) setup as terrorists. Please adjust your tinfoil hat accordingly.
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| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
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marcus_of_augustus (OP)
Legendary
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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February 09, 2013, 12:33:42 AM |
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Actually, if Fedwire (US fed. res. dollar interbank irrevocable settlement network) was hacked (as according to some of the noises eminating from the rumourmill) then it would be functionally equivalent to the dollar being hacked ... and strange as it may seem it is actually more plausible than the bitcoin network getting compromised.
For me, the Fedwire network, and the IRS represent the gravest weaknesses in the current centralised govt. economic planning and wealth distribution system model. If an external aggressor were to compromise either of these targets in a concerted cypber-attack then utter, complete society-wide chaos would follow along not far behind. And basically all we can only really do is pray it doesn't happen on our watch.
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