Investment Bankers...

[Sentura]

I was thinking this is EOT material, and it definitely would be if it was fake, buuuuuuuuuuuut.... it's not.

 

http://truth-out.org/opinion/item/12996-goldman-sachs-global-coup-de-tat

 

Currently going on in Denmark as well, Goldman Sachs just brought out a large minority share (19%) of the largest energy provider in Denmark.

[⌐■_■]

definitely eot

[RaVaGe]

Invest in gold/bitcoins guyz, i'm planning to move all my savings from those fucking banks.

[Puddy]

Invest in gold/bitcoins guyz

 

Fuck that! Women and sheep!

[Sentura]

It's probably not as doom and gloom as the article would imply, but there's some serious powermongering going on for sure. I kind of wanted a sober discussion here, but I guess that's too much to ask.

[Sentura]

Here's a quote with some decent arguments to kickstart this thing:

 

 

Actually, the power behind the throne is much more extensive than just the employees of one Wall Street bank, no matter how powerful. If the rest of the ruling elite did not approve of Goldman Sach’s antics, the banksters could never get away with them. While Goldman’s employees might rule the financial sphere, there are other spheres within the ruling elite: the US military with nigh 800 bases worldwide, the hi-tech patent holders who now dominate the Forbes 400, and the oil families, like Rockefeller, who founded the banks that, with a few very rich others, became the Federal Reserve.

 

Further, if you have a job, even if it’s the CEO of Goldman Sachs, you can’t be very powerful. You’re working! The truly powerful don’t work. They just own. They let their more energetic in-laws and employees do the actual work. But those workers (and they are workers despite getting paid millions of dollars each year) never even dream of crossing those who really hold the reins of power, and that is the aristocracy.

America is not supposed to have a class of permanent rich based on birth (it rebelled against such), but it does, and it goes all the way back to the beginning. Even in colonial times, families like Roosevelt were winning state-held auctions of foreclosed land. To get the details and the full story, check out the work of G. William Domhoff .

The problem is bigger than just the rich getting something for nothing. They’re just better at it. Everybody wants something for nothing, everybody wants to sell their home for much more than they paid for it. Real estate is the one way that regular Janes and Joes can pretend to be big-time wheelers-n-dealers -- eventho’ every eighteen years, when the “housing” bubble (actually, land bubble) bursts, many of them get burned badly, not enjoying the insider connections of a Goldman Sachs.

Ironically, everybody should get rich from real estate, or at least the land portion. The value of locations is not generated by the owner but by the surrounding neighbors, by society in general. All the spending for sites in a region should end up in the public treasury -- via land taxes or fees or dues -- and then back out again as an equitable dividend to the citizenry.

 

If society did share the worth of Mother Earth via dues and dividends, then it could get rid of counterproductive taxes and addictive subsidies. Plus, it’d remove the value of parcels from mortgages. Then mortgages would only be for the value of the buildings, and buildings age and wear out. Once mortgages get shrunken, then the flow of money to Wall Street gets reduced to a trickle. Without that influx of land payments, Goldman Sachs becomes nothing more than another human-scale banker.

 

So if you want to solve the global problem of marauding banks, solve the local problem of speculation in land. The new policy is called “geonomics”. And every place that has taken even a small step in that direction has benefited.

Edited January 23, 2014 by Sentura

[Minos]

Too late to invest all your savings in bitcoins I think, might be a good idea to buy some if you have excess money laying around and want to take a bet, but don't expect to ever make the same profit early adopters did. Think of it this way. If you bought 500 bitcoins at 5 cents and the price rose to 5 bucks, you paid 25 bucks and made 2500 bucks, a 1000% profit. But if you buy 500 bitcoins today at $806, it would cost you 403.000. Let's say it reaches the last peak of 1200 again and you decide to sell off, that's a mere 33% profit. Still super good, but not as good as the 1000% or so gains from early adopters and look how much money you had to invest in something so risky.

 

Anyway, in general bubbles look like this:

Bitcoin last year when it reached its historical peak (so far):

 

Some more info: http://www.forbes.com/sites/jessecolombo/2013/12/19/bitcoin-may-be-following-this-classic-bubble-stages-chart/

 

Of course this is just my opinion and I'm no expert in bitcoins, but considering all that information I wouldn't put ALL my savings into bitcoin, or at least I'd wait until it crashes to its mean value

[FMPONE]

Too late to invest all your savings in bitcoins I think, might be a good idea to buy some if you have excess money laying around and want to take a bet, but don't expect to ever make the same profit early adopters did. Think of it this way. If you bought 500 bitcoins at 5 cents and the price rose to 5 bucks, you paid 25 bucks and made 2500 bucks, a 1000% profit. But if you buy 500 bitcoins today at $806, it would cost you 403.000. Let's say it reaches the last peak of 1200 again and you decide to sell off, that's a mere 33% profit. Still super good, but not as good as the 1000% or so gains from early adopters and look how much money you had to invest in something so risky.

 

Anyway, in general bubbles look like this:

Bitcoin last year when it reached its historical peak (so far):

 

Some more info: http://www.forbes.com/sites/jessecolombo/2013/12/19/bitcoin-may-be-following-this-classic-bubble-stages-chart/

 

Of course this is just my opinion and I'm no expert in bitcoins, but considering all that information I wouldn't put ALL my savings into bitcoin, or at least I'd wait until it crashes to its mean value

Wow, awesome post.

Who says MapCore can't handle serious content?

[Minos]

Hehe, here's a more recent graph, looks like it's indeed following the same pattern:

 

Also Sentura, If you want to understand what's going on in the world look no further:

https://www.youtube.com/watch?v=aqIHKWd9rSc

[Sentura]

I have a fairly good understanding of what's going on, it's just shitty. I don't care for most things, but this just gets to me, even though it'll probably never affect me in any way.

[RaVaGe]

I'm not really talking about making profit, but just getting a refuge currency, when euro will collapse, and for sure it will collapse, you will be happy to have some spare gold, and bitcoins to make a transfer.

 

Look at Cyrpus by example when it almost bankrupt, all the 'virtual money' ie all the savings from Cypriot have been frozen for a moment, they weren't able to take their own money. All accounts with more than 100.000€ as been taxed of 30%.

 

We don't handle our money, everything is fake and when it will collapse, you will loose everything, I want to get out of this game, gold has always been the main currency, and bitcoins are a good way to make transfers.

 

Maybe i'm looking a bit parranoïd, but Latvia will dig the grave of the EU zone, and Greece will push us into it.

Edited January 23, 2014 by RaVaGe

[Sentura]

Watching that video it kind of makes sense why Goldman Sachs are interested in other forms of energy...

[Sprony]

I'm not really talking about making profit, but just getting a refuge currency, when euro will collapse, and for sure it will collapse, you will be happy to have some spare gold, and bitcoins to make a transfer.

Look at Cyrpus by example when it almost bankrupt, all the 'virtual money' ie all the savings from Cypriot have been frozen for a moment, they weren't able to take their own money. All accounts with more than 100.000€ as been taxed of 30%.

We don't handle our money, everything is fake and when it will collapse, you will loose everything, I want to get out of this game, gold has always been the main currency, and bitcoins are a good way to make transfers.

Maybe i'm looking a bit parranoïd, but Latvia will dig the grave of the EU zone, and Greece will push us into it.

QFT. My father warned me about this when the crisis hit. We've been saving gold ever since.

[KoKo5oVaR]

Well who knows, as growing older, i think i will go doing something like this if i can tbh :

 

http://www.youtube.com/watch?v=91pBFyLWIx4

[Seldoon182]

My thought exactly match with Ravage. Hi five bud!

 

Let's go back to real commodities. 300 years back Empire like the British Empire (even the French with this mother fucking Napoleon I fucking hate that fucking Motherfucker) decided to take control over commodities by creating central bank with private bank. They started to hold our bollocks and obliged the people to pay their taxes with official currency instead of usual commodity. But now internet is there. Elites are afraid of what's going on with CryptoCurrencies and others technologies because they can't take control over it anymore.

 

Bitcoins is what VoIP was for telecoms as well as email was for Postal business. Everyone will have Bitcoins' wallets one day (because you can create a new wallet when needed. It's unlimited). It's like 14 years back when I created my first email message box. I had nobody to send text message. Nowadays I send around twenty emails a day.

 

 

Btw if folks want to buy me a coffee.

 

[bTC] 1PNVCBBvvUCujUx4P6S6z8t6HfKAr73yrq

Edited January 24, 2014 by Seldoon182