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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.96+0.2%Nov 19 4:00 PM EST
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To: ggersh who wrote (114731)12/14/2015 11:30:38 AM
From: Maurice Winn  Read Replies (1) of 217901
 
For 40 years I have been very annoyed at the way money is debased by governments and the Federal Reserve led the way. For 15 years I have been plotting revenge. Bitcoin was a reasonable attempt at the right idea but I didn't like the waste of energy in mining and something else. So I agree there's a stain. But their debasement of money since they were created was just a small tax on people, like other taxes. Not a grand scheme of destruction, which it wasn't.

Greenspan was right to leave it to banks to go bust if their shareholders were too hopeless and appointed bung managers. Bernanke's bail outs were loan shark help to some extent with some good profits made.

Ascribing to Big Ben more power than he had is silly. People should recognize their own blundering ignorance and stupidity to avoid making similar mistakes in future. But many people need to blame somebody else for their own mistakes because they lack self-confidence and self-determination.

Mqurice
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