Government theft and MFGlobal, the world needs bitcoin NOW!

[BrightAnarchist]

http://peterschiffchannel.blogspot.com/2011/12/peter-schiff-interviews-ann-barnhardt.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+PeterSchiffBlog+%28Peter+Schiff++Blog%29

Unbelievable... JP Morgan made whole by direct theft of private property

[bb113]

Can someone explain this better?

My understanding of what she is saying is that MF global was allowed to file for bankruptcy as a Securities dealer rather than a commodity brokerage. Which led to JP morgan collecting money as a creditor rather than the various people who were paying them to do the commodities trading.

But that seems really simple to me.

[Andrew Bitcoiner]

um, seems like a good business deal to me.    facepalm that fact moralfags.

this also has nothing to do "why the world needs bitcoins." 

[bb113]

um, seems like a good business deal to me.    facepalm that fact moralfags.

this also has nothing to do "why the world needs bitcoins." 

What do you mean?

[BrightAnarchist]

um, seems like a good business deal to me.    facepalm that fact moralfags.

this also has nothing to do "why the world needs bitcoins." 

You don't get it. Your property is not safe from the government or other thieves. Bitcoin solves this problem for money. If those individuals who had their gold/silver stolen had owned bitcons instead, they would not fear confiscation.

[Andrew Bitcoiner]

You don't get it.

 

Your property is not safe from the government or other thieves.

durrr.

Bitcoin solves this problem for money.

ORLY? Tell me did you discover bitcoin before or after mybitcoin?

If those individuals who had their gold/silver stolen had owned bitcons instead, they would not fear confiscation.

Me thinks you need to learn from history a bit more wisely then that son.

[bb113]

That explains nothing. Thank you for explaining yourself.