Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (104798)	3/5/2014 8:47:47 PM
From: Maurice Winn	Respond to of 220242

Haim, there have always been bank robbers, because that's where the money is. There have always been bank failures due to mismanagement. Lehman Brothers going bust, along with a lot more besides, did not mean the US$ as dictated by the Federal Reserve is no good. A big bank robbery does not mean the US$ is no good either. That suggests it IS good, as people would not steal a dud thing. <Oh well and some one told me a while back that i am clueless and Bitcoin is a valid currency As soon as an investment venue made the front pages or gets overexcited get OUT. PUNKT> Bitcoin is just the cyber-encryption and codes that people can keep to themselves. The rest is just various people buying, selling, trading, banking, lending, robbing, mismanaging, goofing up and doing all the other things that people and companies and institutions do with regular garden variety fiat money. When Lehman, Fannie, Freddie, Royal Bank of Scotland and all the rest go bust, that means even more business for the likes of Wells Fargo who manage their business better. It is not a coincidence that Warren Buffett invested mega$billions in Wells Fargo during the financial catastrophe. He has more than doubled his money and also earned big interest and dividends to boot thanks to that. It did not make him say "Ha, see, I told you, the US$ is no good." Same for bitcoin. When a big dealer goes bust, that leaves more room for companies who manage the bitcoin processing in a better way. Mqurice