RE: Is Deutsche Bank About To CRASH? - Bank Lays Off 10,000 Employees!
Have a look in the magical mirror!!!!
Is it about time to have a look into the mirror and try to figure out how the banking world will survive in the future? Yes bank's have been around for many many years in different ways of doing business. Are the days of traditional way of doing banking coming to an end? Is it about time to change and start a new path to earn money with an nontraditional way... Well i don't have the answer. I have been working within the system for just about 10 years, and yes their has been changes, but i don't think there has been enough. The Deutsche bank is cutting of 10%. Is this only due to the market and their costs, or is it because the needs and demands are changing, and that people tend to do more bank business elsewhere, with new providers. Like paypal, googlepay etc. Earlier you needed people in the cashier to count and hand out money. You needed people to look trough all the papers and analyze if they wanted a loan. Today all the bank actually need is a computer. The worlds is changing fast so will the banks need to do.
Best regards @EveryDayCoach
Good comment. The truth is that the banking system around the world are on notice right now considering the massive development in blockchain technology.
Do you know who has the most patents on blockchain? ...
Bank of America
Quite fitting. They know their business model is going to be challenged. What better way to hold on then to patent as much blockchain technology as possible as a defensive measure.
Reminds me of the recent comments by Warren Buffet and Charlie Munger. Both said bitcoin was a fraud or worse, toxic rat poisoning. Of course they would say such things. It threatens their entire existence. Berkshire Hathaway has $79B in financial assets in their portfolio.
It sounds like business as usual then. I did not know that Bank of America owned this.
My question, or thought is where is the Rottschild hiding inn all this new tecno (https://en.wikipedia.org/wiki/Rothschild_family)
After I started reading about this family, don't know if everything is true, but it makes me wonder. Since the banking is changing and they have had some kind of control of this for a long long time. It would not surprise me if they where behind some of this propaganda to stop the blockchain tecno to get a head again and to take back the control.
Warren Buffet sad this "If you buy something like bitcoin or some cryptocurrency, you don't have anything that is producing anything," Buffett says in an interview with Yahoo Finance. "You're just hoping the next guy pays more. And you only feel you'll find the next guy to pay more if he thinks he's going to find someone that's going to pay more.
source
What is the difference from this and buying dollars, yen or NOK?
Or investing in other companies that are planning to make something cool in the future? It might be that i don't see the big picture. But do I need to see it? If I bought 1 bitcoin for $4 and sold it for $15.000 i don't really care if it is made by someone or not. I care about my profit. And ok someone wants to pay more for it then i did. Is this not the idea of trading? To make money on buying cheap and selling at higher price to make money??
Thank you for your reply and have a great Sunday
Best regards @EveryDayCoach
Excellent comments... With Jamie Dimon, CEO of JPMorgan Chase bashing bitcoin and blockchain for most of 2017, it makes you wonder if this is all planned to stall the public view until they can be fully positioned to benefit.
Did you know that in June of 2016, JPMorgan Chase was a founding member along with Microsoft and 10 other large US business in a Blockchain consortium focusing on applications for the Etherium blockchain? Certainly makes you go HMM...
I agree with your point on what difference does it make when trading in bitcoin or dollars. It's the same bad logic Buffet has repeated over and over with Gold. He had said he doesn't believe in gold because it is a non producing asset. But I'll take that trade every time there's a new uptrend in a gold, like the super cycle bull that started the beginning of 2016. I bet my investments make 10x my money before the bull is exhausted. And I know a host of billionaires that have made all of their fortune only investing in gold, silver and resources, like Rick Rule and Eric Sprott. They will go from billionaire to multibilliare in this cycle. So much for gold not being a producing asset. It doesn't really matter.