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

To: TobagoJack who wrote (140754)	4/16/2018 4:31:25 PM
From: Maurice Winn	Respond to of 217927

And it can't come too soon. I am right now waiting for US$ to be "wired" from USA. Instead of happening friction free in seconds, it's slow and expensive. Takes days. In this case a whole weekend. Plus a bonus day USA is a day behind. Tech companies can streamline money creation, storage and movement. Disintermediate the banks. Bitcoin was an initial cumbersome attempt that is too badly designed to succeed in the long run. There are now swarms of block chains and icos. People don't want lots of rinky dink currencies. They don't want a single wallet code they have to hide and not lose or have stolen. Banks and governments are attacking every inch of the way. While holding fiat state currencies, they are brutally diluted. The resulting high interest rates are taxed as though interest payments are profit. Capital gains on money are taxed - too bad about the losses. Then there are big exchange rate charges. And lots of lovely loot to move the money. And I don't want to hold US$ but dealing in USA stocks means holding US$ at times. US$ will go bang one day. Even if they just dilute it to death slowly, the outcome is the same. It's down 99% in only a century. Mqurice