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Author Topic: what if fiat money is just a print and pump ???  (Read 1413 times)
noobtrader
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November 04, 2014, 06:21:45 PM
 #1

http://www.bidnessetc.com/27086-fca-charges-six-banks-with-forex-manipulation/




http://www.iol.co.za/business/international/hsbc-puts-aside-378m-for-forex-probe-1.1774836#.VFkYkZAW2N0

http://retailbanking.banking-business-review.com/news/barclays-announces-500m-provision-for-forex-manipulation-probe-311014-4423238

http://newsmaine.net/21209-citigroup-sets-aside-600-million-over-alleged-manipulation-forex-markets

http://www.bloomberg.com/news/2014-11-03/jpmorgan-faces-u-s-criminal-probe-into-foreign-exchange-trading.html

http://www.telegraph.co.uk/finance/newsbysector/epic/rbs/11200316/RBS-takes-400m-hit-on-forex-rigging.html

https://fortune.com/2014/10/29/deutsche-bank-swings-to-3q-loss-on-1-1billion-legal-charge/

"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...",  satoshi@vistomail.com
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oblivi
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November 05, 2014, 02:31:18 AM
 #2

Fiat money is an obvious scam, the problem is when the adoption of the scam is worldwide and has monopoly status. The magic printed money WILL get accepted as valid. Thats how the US is "recovering" from the crisis.
DhaniBoy
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November 05, 2014, 03:14:21 AM
 #3

fiat money is the government's way to regulate the circulation of money in a country, but sometimes this way create a monopoly in the financial sector, where the rich will get richer and the poor are getting poorer, when we turn on bitcoin, the monopoly will not happen , because there are no government regulations that regulate the circulation of bitcoin in the virtual world, the problem is with the bitcoin exchange of goods is still very little, so we still have to exchange bitcoin with fiat money in circulation in a country ...  Roll Eyes

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worle1bm
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November 05, 2014, 04:16:47 AM
 #4

Fiat money works. We all use it regularly. Amazing.
noobtrader
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November 05, 2014, 09:32:20 AM
 #5

Fiat money works. We all use it regularly. Amazing.

tell that to the zimbabwean

"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...",  satoshi@vistomail.com
noobtrader
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November 05, 2014, 09:33:59 AM
 #6

Fiat money is an obvious scam, the problem is when the adoption of the scam is worldwide and has monopoly status. The magic printed money WILL get accepted as valid. Thats how the US is "recovering" from the crisis.

this is not just the fiat scam, the scam also about currency exchange of 160 currency was also faked to maximize the profit...

"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...",  satoshi@vistomail.com
noobtrader
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November 05, 2014, 09:36:10 AM
 #7

fiat money is the government's way to regulate the circulation of money in a country, but sometimes this way create a monopoly in the financial sector, where the rich will get richer and the poor are getting poorer, when we turn on bitcoin, the monopoly will not happen , because there are no government regulations that regulate the circulation of bitcoin in the virtual world, the problem is with the bitcoin exchange of goods is still very little, so we still have to exchange bitcoin with fiat money in circulation in a country ...  Roll Eyes

acceptance is better than last year, who knows next year ppl will prefer to accept bitcoin and keep profit as bitcoin

"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...",  satoshi@vistomail.com
pattu1
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November 06, 2014, 12:23:57 AM
 #8

The printing part cannot be disputed by anybody.
It seems to have gotten a lot worse, with QE by different countries.
worle1bm
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November 06, 2014, 03:31:39 AM
 #9

Fiat money works. We all use it regularly. Amazing.

tell that to the zimbabwean
As opposed to the rest of the world that functions normally with fiat? Which is the compelling argument?
noobtrader
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November 06, 2014, 06:09:45 AM
 #10

Fiat money works. We all use it regularly. Amazing.

tell that to the zimbabwean
As opposed to the rest of the world that functions normally with fiat? Which is the compelling argument?

inflation, every fiat has inflation wether you feel it or not

"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...",  satoshi@vistomail.com
Fabrizio89
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November 06, 2014, 06:23:15 AM
 #11

It's not fiat money that is a pump, but the market relative to it, like stocks and bonds. Money is continuously printed because our economy is based on debt, and so you are forced to work an entire life to pay it. Than there's the part about the rich who become richer, but it's more of a consequence.
worle1bm
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November 06, 2014, 06:24:49 AM
 #12

inflation, every fiat has inflation wether you feel it or not
Sure, so what?
noobtrader
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November 06, 2014, 01:22:17 PM
 #13

inflation, every fiat has inflation wether you feel it or not
Sure, so what?

so you hold fiat, inflation takes away your value then forex manipulation by banks (lot of bank).  did you read the news do you realize what happened ?


"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...",  satoshi@vistomail.com
noobtrader
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November 06, 2014, 01:23:39 PM
 #14

It's not fiat money that is a pump, but the market relative to it, like stocks and bonds. Money is continuously printed because our economy is based on debt, and so you are forced to work an entire life to pay it. Than there's the part about the rich who become richer, but it's more of a consequence.

do you read the news Huh

its forex exchange of 160 fiat currency manipulated.

 Roll Eyes

"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...",  satoshi@vistomail.com
Human0idx
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November 06, 2014, 07:15:54 PM
 #15

That's exactly what fiat is...
worle1bm
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November 07, 2014, 12:46:10 AM
 #16

inflation, every fiat has inflation wether you feel it or not
Sure, so what?

so you hold fiat, inflation takes away your value then forex manipulation by banks (lot of bank).  did you read the news do you realize what happened ?
Who holds fiat? No one "invests" by holding fiat.
noobtrader
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November 07, 2014, 04:52:51 AM
 #17

inflation, every fiat has inflation wether you feel it or not
Sure, so what?

so you hold fiat, inflation takes away your value then forex manipulation by banks (lot of bank).  did you read the news do you realize what happened ?
Who holds fiat? No one "invests" by holding fiat.

and who is talking about "invest."  Grin Grin Grin Grin Grin Grin Grin Grin  bahahahahahahaaaaa

"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...",  satoshi@vistomail.com
kolloh
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November 07, 2014, 05:23:44 AM
 #18

So thats what is was this whole time, eh?
worle1bm
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November 07, 2014, 06:57:06 AM
 #19

inflation, every fiat has inflation wether you feel it or not
Sure, so what?

so you hold fiat, inflation takes away your value then forex manipulation by banks (lot of bank).  did you read the news do you realize what happened ?
Who holds fiat? No one "invests" by holding fiat.

and who is talking about "invest."  Grin Grin Grin Grin Grin Grin Grin Grin  bahahahahahahaaaaa
:/ You are? Holding a currency makes no sense, why would someone hold a currency?
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