Bank Of England Chief Economist Calls For Cash Ban, Urges Negative Rates

Discussion in 'Economics' started by Visaria, Sep 18, 2015.

  1. Banjo

    Banjo

    #11     Sep 20, 2015
  2. After doing some research today...I see some are true statements above. The worst of the worst global banks (goldman, JP Morgan, UBS, Barclays, morgan stanley etc..) have grouped together within some last days and put their weight behind blockchain in the capacity of using blockchain with the USD in a very controlling manner (ie., propriety systems, inserting fees, applying biased compliance regulations, attempting patient and trademark applications). They are also trying to unsurp/headoff bitcoin itself by replacing it with USD based credits/debits within the blockchain. Their involvement in this area is quite worrysome indeed.
     
    #12     Sep 20, 2015
  3. fhl

    fhl

    All the central banks really have left in their toolbag is to destroy the value of their currency (to save it! Just like Vietnam!).
     
    #13     Sep 22, 2015