24-01-2014, 11:26 AM
David Guyatt Wrote:As all senior bankers know the whole money thing really is a confidence trick ---- money is backed only by people's confidence. If ever that goes, then we are in dooh-dooh land, good and proper.
Just saw a comment from JP Morgan CEO who thinks Bitcoin is a 'terrible store of value' because it doesn't kill or even threaten anyone and is a huge competition to their ponzi scheme. Well he actually said because it could be replicated over and over and it doesn't have the standing of a government. But that's what he meant. Full article here if you want to see a panicked banker in full flight
Saudi Arabia markets are good for gold I hear. Wonder if you can take it out though? Not sure.
"The philosophers have only interpreted the world, in various ways. The point, however, is to change it." Karl Marx
"He would, wouldn't he?" Mandy Rice-Davies. When asked in court whether she knew that Lord Astor had denied having sex with her.
“I think it would be a good idea” Ghandi, when asked about Western Civilisation.
"He would, wouldn't he?" Mandy Rice-Davies. When asked in court whether she knew that Lord Astor had denied having sex with her.
“I think it would be a good idea” Ghandi, when asked about Western Civilisation.