MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘the Fed’

Project: FEDcoin – Fight Going Cashless Like Your Life Depends On It Because It Does.

Posted by Martin C. Fox on May 6, 2017

https://www.caseyresearch.com/cs/project-fedcoin-short?utm_source=taboola&utm_campaign=tq2rx-2&utm_medium=referral

The Dangers of Digital Money

Doug, this sounds like a real benefit…

It’s very dangerous.

Without cash, you have no privacy. If you have to put everything through a bank account, the government knows exactly what you’re buying, what you’re selling, how much you are earning. They’re in complete control; able to take what they want out of it including your entire account if you become politically undesirable…

There is no reason to trust a digital, computerized economy as the National Bank of Bangladesh found out not very long ago. They had $81 million deposited with the New York Fed. The New York Fed was hacked and the National Bank of Bangladesh lost $81 million. Have they gotten it back? No. Will they get it back? No.

Read the rest of this entry »

Advertisements

Posted in Uncategorized | Tagged: , , , , | Leave a Comment »

Banks Are Evil | Peak Prosperity

Posted by Martin C. Fox on March 20, 2017

https://www.peakprosperity.com/blog/107415/banks-evil

How much ‘thin air’ money are we talking about? The Fed and the rest of the world’s central banking cartel has printed over $12 Trillion since the Great Recession. Between the ECB and the DOJ, nearly $200 Billion of additional liquidity has been — and continues to be — injected into world markets each month(!) since the beginning of 2016:

As further proof, let’s look at this data recently obtained by Zero Hedge. In the past 4 years, JP Morgan’s in-house trading group has had exactly 2 days of losses:

Because for every trade there is a buyer and a seller. If JP Morgan is the winner every day, who is losing? Turns out, it’s the big pools of “dumb money” that don’t have the cheat codes for the system the way the banks do. These are the pension funds, the index funds, the retirement accounts — the aggregated money of all the ‘little people’ out there. Little people who don’t have visibility into how they’re being constantly fleeced; nor do they have agency to do anything about it even if they did.
Be seeing you

Posted in Uncategorized | Tagged: , , , | Leave a Comment »