Whether they admit it or not, Bitcoin has put the fear of God into the banking system. Why? Because it threatens to remove them from the equation, plain and simple.
Many people have now heard of Bitcoin and have a grasp of what it is…but the big question is, do they realize the potential for crypto-currencies to remove massive inefficiencies from just about every area of banking and finance?
Whether it is Bitcoin or some other type of crypto currency, the banking sector knows one thing for sure: The genie is out of the bottle. Hidden Secrets Of Money.
World financial markets are poised for a major phase transition. We are witnessing a bubble trifecta where a bubble in bonds, equities, and housing are beginning inflate beyond sustainability, which poses a very real threat to what is left of the real economy. Add to this that the underlying unit of measure is a currency backed by debt and politics.
Bankster: A portmanteau or blend word derived from combining “banker” and “gangster.” Usually referred to in the plural form “banksters” to refer to a predatory element within the financial services industry – Urban Dictionary
Random House dutifully printed “THE WEATHER CONSPIRACY … coming of the New Ice Age.” This may be the only book ever written by 18 authors. All 18 lived just a short sled ride from Washington, D.C.Newsweek fell in line and did a cover issue warning us of global cooling on April 28, 1975. And The New York Times , Aug. 14, 1976, reported “many signs that Earth may be headed for another ice age.”