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Guess Crypto ain't quite perfected yet
https://www.foxbusiness.com/markets/hackers-steal-600m-largest-crypto-heists
The ultimate fiat currency and Ponzi scheme, crypto currency, turns out not to be as secure as some thought. It is nothing more than an uninsured pipe dream that hackers can take easy advantage of. Pity these poor ignorant investors who have lost a ton of money with probably no chance of recouping their losses. Anyone that invests in Crypto proves that P.T. Barnum was correct. Bob
Comments
Sometimes being an old ignorant conservative type that takes changes with his brakes on has its advantages.
The money changer will always be in control of what works and what doesn't as long as they can skim the top for themselves.
If we had sound money with no Wall Street gambling allowed then they could not be The peanut shell game masters of deceit, Of course FDR did confiscate all the real money in 1933. Then Nixon took away the gold standard for world trade, and we got The Funny money petrodollar, which is on its last legs with 35 trillion dollars in debt.
The money masters think with The Fed Now exchange that it with other world/state stable coins will become the new fair exchange scheme to prevent the Central fractional magic bank manipulations & this will save them, But it's just another Ponzi scheme to hood-wink the public with nothing of intrinsic value other than electronic digits that can be taxed and followed to every person in the world in their A.I. banking systems of manipulations at the world's Money Exchange Casino tables.
serf
An agreement between the Clinton administration and congressional Republicans, reached during all-night negotiations which concluded in the early hours of October 22, sets the stage for passage of the most sweeping banking deregulation bill in American history, lifting virtually all restraints on the operation of the giant monopolies which dominate the financial system.
The proposed Financial Services Modernization Act of 1999 would do away with restrictions on the integration of banking, insurance and stock trading imposed by the Glass-Steagall Act of 1933, one of the central pillars of Roosevelt's New Deal. Under the old law, banks, brokerages and insurance companies were effectively barred from entering each other's industries, and investment banking and commercial banking were separated.