You think MtGox's lost 850k btc is beyond comprehension? ... watch this.

[twiifm]

I think that was an overnight loan so these banks could clear their books.   It was paid back

Different than Mt Gox

Wow.... its truly suckers born every sec... 

Dude learn the facts before you speak.   Bloomberg article was wrong.   Grayson got his info from Bloomberg and not research.  Coleman couldn't answer his question cause she wasn't prepared.   Money was not missing it was overnight loans that were paid back

http://econbrowser.com/archives/2011/12/more_on_those_s

This is written by L Randall Wray on Levi Institute blog.   Wray is a respected economist and not politico

[Seeme]

Very interesting, and thought this is only one of a few similar big moneylosses that happened from 2008 to 2014.. Crazy world..

[TanteStefana]

this got me thinking... with such losses and such debt soon a loaf of bread would be worth $10,000...

is this governments way of making the dollar divisible by more zero's then 2.. to try competing with bitcoin

(sarcastic face)

My grandmother was a young mother in 1923 in Germany when they had hyperinflation.  She said on payday, the women would go collect the money in wheelbarrows as soon as it was available and ran to the stores to buy their loaf of bread before the value fell and they couldn't get anything anymore.

But we all know Fiat is safer and more real than crypto currency, LOL.  It has the government backing it!

Hyperinflation
Nazi fanaticism
Mass murder of millions of Ukrainians

but none of this can ever happen again, no, not in the U.S.A.!

I can argue right now we are becoming a fascist state.

yes, when we become sheeple, we get what we deserve.

[Lauda]

Thank you for sharing this. That's a lot of money!

[seriouscoin]

Thank you for sharing this. That's a lot of money!

Not that much.... only $30,000 for each person in U.S

 

[MysticalPotato]

Fed Reserve LOST $9 Trillions and they dont know where it went. When being asked the government responded that they dont have jurisdiction to investigate the Fed Reserve:

https://www.youtube.com/watch?v=1QK4bblyfsc


I like to know what your response to that statement. Especially at 3:10.... amazing isn it?

Yet the media never made a big deal of this. (especially compared to MtGox fiasco). I guess the media is pretty much owned by banksters.
 

As a community, I think we have to be careful using inaccurate information to further the cause.
We want to build a reputation for absolute truth and absolute integrity.

In this instance, while the act itself is immoral (though legal, under the 'Emergency and Other Authorities to Authorize Liquidity Programs to Stabilize Markets and Institutions'), the $9 trillion were mainly overnight loans to financial institutions which subsequently repaid the sum in its entirety. Moreover, the $9 trillion is largely inaccurate as it includes daily rollover figures.

[Nthused]

I think that was an overnight loan so these banks could clear their books.   It was paid back

Different than Mt Gox

Wow.... its truly suckers born every sec... 

Digital Currency is the way of the future, you can't trust your Government and they can't do sh!t about Digital Currency, that's what is making them steam as they don't have any Control whatsoever.

[twiifm]

I think that was an overnight loan so these banks could clear their books.   It was paid back

Different than Mt Gox

Wow.... its truly suckers born every sec... 

Digital Currency is the way of the future, you can't trust your Government and they can't do sh!t about Digital Currency, that's what is making them steam as they don't have any Control whatsoever.

Don't be naive as long as govts makes legislation they can control.   

http://en.m.wikipedia.org/wiki/Legality_of_Bitcoins_by_country

[alfabitcoin]

At least they did not lost customer funds like mtgox did. ( its insured is in it .  )

Are you serious?

The whole world is customer of the Fed Reserve

Iam serious,mtgox lost MY money and fed reserve has nothing to do with me, nor i live in US.
Just somethng is in US does not automaticly involve whole world you are talking to, so stop to refer it to the whole world.
US gov and institution are not concerns of mine nor affect me.
And if you have not noticed, i refered as customer for ordinary people who deposited in the company what are not regulated.
Bank deposit are insured ( fyi)
Whole world are fed reserve customers? Wow, are you serious? FR has bank for customers, not ordinary people like you suggesting.

Are you a creditor and depositor of federal reserve? I do not think so, so why would they " owe" you anything.
Now, are you serious that fed reserve owe you and every other people in US?
I do not see realation of this to mtgox in term that mtgox users lost massive amount what affect them severe.

Show me how you or anybody else suffered due federal reserve? How can you compare that two different matter?

[Nthused]

I think that was an overnight loan so these banks could clear their books.   It was paid back

Different than Mt Gox

Wow.... its truly suckers born every sec... 

Digital Currency is the way of the future, you can't trust your Government and they can't do sh!t about Digital Currency, that's what is making them steam as they don't have any Control whatsoever.

Don't be naive as long as govts makes legislation they can control.   

http://en.m.wikipedia.org/wiki/Legality_of_Bitcoins_by_country

Thanks I didn't know this existed, Great Read, that's for giving me new info on Bitcoin for my Region 

Much Appreciated !

[MP5KU]

Oh sorry, left the 9 trillion in my back pocket.

[jubalix]

its only FIAT you can print more and it was, and you see massive dilution of USD value (yes your money)

Conversly one does not simply "lose" bitcoin, and even if you did the reminder just become worth more. Every bitcoin ever produced and be accounted for.

Nor Does one simply print more.

BTC can go well over 9 trillion

[alfabitcoin]

its only FIAT you can print more and it was, and you see massive dilution of USD value (yes your money)

Conversly one does not simply "lose" bitcoin, and even if you did the reminder just become worth more. Every bitcoin ever produced and be accounted for.

Nor Does one simply print more.

BTC can go well over 9 trillion

So you think if somebody lose priv key thus " lose" btc reminder just worth more? Why it would worth more?
Market dictate the price and nobody know the future.
No gov would simple print money as they wish. Beside, there is a major difference in funds loss no matter btc or fiat vs funds destroyed or not availiable to anyone.

[BitOnyx]

So if this article apparently is not true and it wasn't lost, it was just loans, I guess the discussion should end.

[DGulari]

Thanks for giving me new info on Bitcoin for my Region 

Much Appreciated !

Thanks for giving me new info on Bitcoin for my Religion 

[Seeme]

https://www.youtube.com/watch?v=RrwbgdtbdXE

[Nathonas]

Perfect example of the advantage of bitcoin/cryptos over fiat. I guarantee you 99% of people (including me) did not even know about this happening, where as with the blockchain you can see everything that happens.

[Swordsoffreedom]

Perfect example of the advantage of bitcoin/cryptos over fiat. I guarantee you 99% of people (including me) did not even know about this happening, where as with the blockchain you can see everything that happens.

The government likes to keep people in the dark which is why when a spy comes out and releases classified documents they call them a traitor and aim to humiliate and punish them instead of praising them of heroic deeds and worthy actions to bring truth to the people and show the true cause.
A person is not a traitor to their country if their country betrays that trust
Good old Thucydides (history in context)  from the Spartan Athen war point

[Lauda]

Thank you for sharing this. That's a lot of money!

Not that much.... only $30,000 for each person in U.S

 

No, not at all. 

[dotcom]

You would think an institution with as many resources as the Fed has would be able to find someone, anyone, better to handle a hearing than that lady. You could throw sardines at a wall and the noises it would produce would be a more compelling answer than her inane mumbling.

Every time I hear any kind of government board hearing, senate investigation, or question-answer session, I lose a little more faith in politics.

The one on Benghazi is the worst IMO.