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How to Blow a Trillion Dollars and Look Like You (Don't) Know What You're Doing While Blowing It
Throughout the month of Decemeber 2014 and early January 2105, rumors were floating around that the ECB would embark on a massive QE program. On January 22nd. the ECB officially announced the program.
I declared that it was not going to work as planned. As a matter of fact, I made it clear that there is clear evidence of diminishing returns in QE currency wars as a form of monetary policy, reference:
- What You Don't Hear In The Media, It's ALL OUT (Currency) WAR! Pt. 1
- Stab, er... I Mean... Beggar Thy Neighbor - It's ALL OUT (Currency) WAR! Pt 2
- As US Companies Report, Signs of Imported Unemployment/Deflation Appear: It's ALL OUT (Currency) WAR! Pt. 2.5
- It's All Out War, Pt 3: Is the Danish Krone Peg to Euro More Fragile Than Glass Beads? The Danish National Bank Infers So!..
- Monetizing The Spear That The Swiss National Bank Hurled At Swiss Banks and Insurers
All culminating in... "F$$k the Fundamentals!": Negative Rates In EU Will Absolutely Wreck the Very System the ECB Sought to Save
Let's see how much tens of billions euros and a trillion dollar promise is worth in terms of buying time from an interest rate and currency storm...
The Trillion Dollar Promise worked for 4 months, then it didn't! And as currency goes, rates follow - or was that vice versa?
As volatility in currency exchange rates and interest rates (FICC) rise, banks get weaker and and more nervous.. As do their regulators. You know what's coming soon to the EU, right? In not, read the EU Area Residents' Step-by-Step Guide to Escaping the Upcoming Bank Bail-ins & Capital Controls.
If you're thinking about speculating on the EURUSD pair, remember... Nobody leverages like us!
Download the Veritaseum wallet and start trading now.
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Did you just seriously misspell you're in the title of an article?
Not even Phoenix Capital Research fails that hard.
Apple is dead. Apple is dead. Apple is dead. Long live Bitcoin!
Reggie, how's Lauren Lyster doing? (You lucky dog!)
reggie goldman is going into bitcoin big time. don't give me the balogna about it being coinbase and not bitcoin.
bitcoin is gonna be goldmans bitch.
It's 2018 , summer , you have a gazillion bitcoins ,, you find a man with a Ferrari 599 sitting unused in his Manhattan garage for a few years and he's desperate to trade it for money of any kind so he can feed the kids... He hasn't had electricity in a year and he has no high powered computer ... How do you steal that Ferrari for the equivalent of a case of baked beans?
Just a few weeks ago, I was being told that Bitcoin is a scam. Now it's Goldman is going into bitcoin bigtime? NYSE, AMEX too?
Goldman participated in a $50 million dollar round. $50m is not big time, and Goldman participated (to an unpublished degree), they did not take down the whole amount alone.
Most importantly, every big bank is going into bitcoin, not just Goldman - they'b be idiotic not to.
If the banks are into it, you know damned well it's a scam.
Remember when Reggie use to howl at the moon about the amount of derivative exposure that the banks had.
Then he tries to create a derivative trading platform for virtual currencies. Ha.
I'd say Reggie is a filthy hypocrite, but what do I know.
http://www.youtube.com/watch?v=DYoXzZxEa9g
Reggie would say you don't understand what it is you are commenting on. Reggie's derivative trading platform is fully collateralized and counterparty risk-free. But you knew that already, right?
what a sinking feeling once the order is placed...
and when all the computers wake up and realize they are just stealing money from each other...
Let's just hope like hell that the computers never wake up completely. Otherwise they'll quicky figure out they don't really need us and start manipulating all the markets and crash the system.
Ooops, now I said too much.
Yawn............