In this report I cover the early market action from London on Tuesday, February 6th, 2018. I also look at how monetary policy normalization is a pipe dream of the central bankers.
I wonder if the broken markets were due to payout. It wouldn't surprise me, isn't it funny how markets break when the people invested are making money but then when the banks are profiting the markets continue regardless. I remember making a nice profit on a leveraged silver fund when it was suspended due to AIG counterparty risk in 2008. Eventually it was released when AIG was bailed out but it did make me reconsider investing in derivatives that the banks control.
The point I was trying to make yesterday about banks banning the purchase of cryptocurrencies with credit cards is that, to my knowledge, they allow credit cards to fund online betting accounts, online casinos and online bingo, which I think is far worse.
I think it's a deliberate, so as to curb the public's enthusiasm from buying cryptocurrencies!
You are probably correct. The bankers know that crypto currencies are threat to them. People just need to find options and use their debit cards instead of credit card.
They will probably just print more money,cheers
@mikenevitt That is the only thing they know how to do.
Your right but it’s not going to end well
I wonder if the broken markets were due to payout. It wouldn't surprise me, isn't it funny how markets break when the people invested are making money but then when the banks are profiting the markets continue regardless. I remember making a nice profit on a leveraged silver fund when it was suspended due to AIG counterparty risk in 2008. Eventually it was released when AIG was bailed out but it did make me reconsider investing in derivatives that the banks control.
Thankz for your kind info....
You are welcome @dreamboy.
Thank you for all the interesting reports you make. I love them!
@davva68 You are welcome and thanks for following.
Thank again for the informative reports.
The point I was trying to make yesterday about banks banning the purchase of cryptocurrencies with credit cards is that, to my knowledge, they allow credit cards to fund online betting accounts, online casinos and online bingo, which I think is far worse.
I think it's a deliberate, so as to curb the public's enthusiasm from buying cryptocurrencies!
You are probably correct. The bankers know that crypto currencies are threat to them. People just need to find options and use their debit cards instead of credit card.
happy news @moneco
thank you
useful news, thanks for the information