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tell that to the cypriots. FDIC: $25 Billion In Insurance US Bank accounts: $9,283 Billion In Deposits $297,514 Billion In Derivatives ~Occ.gov tell me if th
by cinquemb 14y ago
tell that to the cypriots.
FDIC: $25 Billion In Insurance
US Bank accounts: $9,283 Billion In Deposits
$297,514 Billion In Derivatives
~Occ.gov
tell me if those three lines balance out? :P
cyprus was the canary in the mine…
and one would be a fool to think this is not more systemic to the entire global banking system…
- pagekicker 14y agoI am entirely willing to believe that there are huge problems with the entire global banking system, but I think it is extremely unlikely that bitcoin or any other techno solution is going to be the result of a collapse. IMHO we're a lot more likely to go back to Victorian-era commodity-based currencies. Just my opinion, though.