RE: The Crypto market is getting thrashed, here's why... by silvertop

Viewing a response to: @jrcornel/the-crypto-market-is-getting-thrashed-here-s-why

bitcoin · @silvertop · Jul 11 '19 (edited)

$0.06

I don’t think he can stop this freight train, he is scared ,the Federal Reserve is scared!
Banks are already onboard with Libra and money talks, it will happen.
The Federal Reserve wants to keep printing money with a target inflation of 2% per year to grease the wheels of business and to stuff money in there pockets.
They don’t want Libra because it will effect “ there bottom line.”
They want control.......
They want to be THE bank with the control.
Good luck with that .....the train is coming!!
Resteemed!!! Very good post!!!!

👍 preparedwombat, cottonlion, silvertop, wapitielk, n33d

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@jrcornel · Jul 11 '19

$0.99

I think part of it is the ability to control an economy as well. They do that via interest rates, that won't change per say, but if everyone is their own bank it will. I think that is part of this as well. When they say they think it could be destabilizing, they are talking about the entire economy as well. They may lose some of their tools to keep the economy humming along in their targeted range, as you mentioned, and yes that is a bit scary.

👍 jrcornel, jondoe, hdu, ezravandi, votes4minnows, corndog54, penghuren, marina007, mtl1979

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@silvertop · Jul 11 '19

$0.05

Absolutely correct, one of the first things that gets mentioned is money laundering.
Anyone that has traded on a crypto exchange knows this isn’t true.
The exchange’s have all of my information including my bank info.
I have heard that a “criminal “ would be better off buying Amazon gift cards than trading on an exchange!🙃

👍 silvertop, wapitielk, banjocat, coreyb, joshi110

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@jrcornel · Jul 11 '19

$0.95

It's certainly not like it once was... I think the P2P exchanges are the issue... no KYC there.

👍 jrcornel, jondoe, morwen, hdu, ezravandi, corndog54, klima, penghuren, nimloth, quenty, nenya, nijn, mtl1979

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6 replies