Be great if some of this money started flowing into Bitcoin
Been questioning myself for a long time now, why it's not happening already. It's too illogic.
Topic: 2,300 billionaires, each holding $600m of cash on average - page 2. (Read 3617 times)
Been questioning myself for a long time now, why it's not happening already. It's too illogic.
Wow that sure is impressive... damn I wish I could have that.
Then I could stop gambling for a few bucks everyday
Then I could stop gambling for a few bucks everyday
Hoarding cash is pretty stupid in my opinion, it can be hyperinflated very quickly...
seems the average $600m is just amount for few month of expences for the billionaires instead
Hyperinflation is actually pretty rare. Even more so in the industrialized world. With the exception of the last 5ish years interest earned on bank deposits would earn all of, if not more then the amount "lost" from inflation. seems the average $600m is just amount for few month of expences for the billionaires instead
Billionaires are hoarding cash because there are not investments that carry an appropriate level of risk and expected return.
... as you can clearly see fiat money is a huge CONfidence game.
If a certain 0.000033 % decided over a short period that US dollar "cash" holdings would be devaluing, then they would ... drastically. As it is right now those holdings are losing value due to negative real interest rates. The US Federal Reserve Dollar has become the biggest Ponzi scheme the world has ever known and in the process gutted the real, productive economy.
Hoarding cash is pretty stupid in my opinion, it can be hyperinflated very quickly...
seems the average $600m is just amount for few month of expences for the billionaires instead
Hyperinflation is actually pretty rare. Even more so in the industrialized world. With the exception of the last 5ish years interest earned on bank deposits would earn all of, if not more then the amount "lost" from inflation. seems the average $600m is just amount for few month of expences for the billionaires instead
Billionaires are hoarding cash because there are not investments that carry an appropriate level of risk and expected return.
One day the illusion that the $ is a safe haven will shatter. My money is on bank bail-ins.
Well, ask yourself: Are these super powerful, rich people at top moving millions going to simply sit back and relax as their super fortunes vanish? Not in a million years. USD will not fail unless these guys want to imo, because they control everything.
They are not going to allow for big Bitcoin holders to be the new elite, they'll do something about it. I don't know what, but something.
Oh and becoming a millonaire, let alone a billonaire, depends on so many factors that it's mostly luck.
Unless you are a member of the Bank of International Settlements, you know nothing.
http://redefininggod.com/2014/09/mainstream-globalist-propaganda-reveals-eastwest-conflict-is-a-farce/
Thanks for posting that great article, now I just need to go and vomit..
Hoarding cash is pretty stupid in my opinion, it can be hyperinflated very quickly...
seems the average $600m is just amount for few month of expences for the billionaires instead
seems the average $600m is just amount for few month of expences for the billionaires instead
Be great if some of this money started flowing into Bitcoin
http://rt.com/business/190100-billionaires-hoarding-millions-cash/
http://rt.com/business/190100-billionaires-hoarding-millions-cash/
You don't know if it's not. One buys then launches the price up.
The "average" wealthy person will eventually buy into Bitcoin as soon as more widespread adoption is noticed. In my opinion Bitcoin is a sure thing, it is something that will take time for everyone to learn and to adopt. This past year has been excellent for bitcoin. Look at all the merchants adopting BTC, and now PayPal plans on processing BTC payments too? One year ago, not many people would have expected all of this so soon.
One day the illusion that the $ is a safe haven will shatter. My money is on bank bail-ins.
Well, ask yourself: Are these super powerful, rich people at top moving millions going to simply sit back and relax as their super fortunes vanish? Not in a million years. USD will not fail unless these guys want to imo, because they control everything.
They are not going to allow for big Bitcoin holders to be the new elite, they'll do something about it. I don't know what, but something.
Oh and becoming a millonaire, let alone a billonaire, depends on so many factors that it's mostly luck.
Unless you are a member of the Bank of International Settlements, you know nothing.
http://redefininggod.com/2014/09/mainstream-globalist-propaganda-reveals-eastwest-conflict-is-a-farce/
Clearly a result of QE: Too much free money but nowhere to spend it, exactly like those alt coins
If they mass spend these money, the fiat money's value will crash immediately, but they have nowhere to spend those money, they already have everything and any new project will just waste those money and trigger inflation
If they mass spend these money, the fiat money's value will crash immediately, but they have nowhere to spend those money, they already have everything and any new project will just waste those money and trigger inflation
Quote
It would be even greater if wealth wasn't distributed so disgustingly skewed toward the 0.1%
In a world of 7 billion people, 2,325 makes up approx. 0.000033 % of the population.
The 0.1% total 7,000,000 in number.
...because they control everything.
They control almost everything. Guess what is beyond their reach?1. The internet
2. Internet-based money, AKA cryptocurrency.
There is a reason these sociopathic tyrants have been trying so desperately to control the net with crap like SOPA & PIPA.
They are not going to allow for big Bitcoin holders to be the new elite, they'll do something about it. I don't know what, but something.
Every time a competitor or threat to the fiat monpooly has emerged in the past, they have responded with violence. That tactic is no longer effective with the advent of decentralized internet money, so they are left with no other choice but to capitulate, or fade.Some will resist, and they will lose all their wealth. Others will adapt and survive. Either way, we needn't concern ourselves with the welfare of the monsters that ruined the world in the 20th century with their violence-backed monopoly over the power of money.
The violence and mass-deception of the 20th century is over. Now is the time for reason and truth to prevail. Now it's our time.
If you were given 1 dollar for every second since the day you were born, you would be a millionaire by 10days old.
At this same rate, you wouldn't become a billionaire until you are 31 yrs old….
At this same rate, you wouldn't become a billionaire until you are 31 yrs old….
a billion is an insane amount of money, and no one should have that amount before the whole world has enough food and necessities.
a million is not all that much, i mean it's nice to have, but it's not as much as you'd think.
many people in a western society will actually earn a million or more throughout their lives, but most of it will be eaten away by taxes and also housing and food etc.
One day the illusion that the $ is a safe haven will shatter. My money is on bank bail-ins.
Well, ask yourself: Are these super powerful, rich people at top moving millions going to simply sit back and relax as their super fortunes vanish? Not in a million years. USD will not fail unless these guys want to imo, because they control everything.
They are not going to allow for big Bitcoin holders to be the new elite, they'll do something about it. I don't know what, but something.
Oh and becoming a millonaire, let alone a billonaire, depends on so many factors that it's mostly luck.
If you were given 1 dollar for every second since the day you were born, you would be a millionaire by 10days old.
At this same rate, you wouldn't become a billionaire until you are 31 yrs old….
At this same rate, you wouldn't become a billionaire until you are 31 yrs old….
so you see how far is from millionaire to billionaire?
If you were given 1 dollar for every second since the day you were born, you would be a millionaire by 10days old.
At this same rate, you wouldn't become a billionaire until you are 31 yrs old….
At this same rate, you wouldn't become a billionaire until you are 31 yrs old….
so you see how far is from millionaire to billionaire?
I'm sure some may invest in bitcoin, but what would be the point? They've already got enough money or more than they could ever need.
Be great if some of this money started flowing into Bitcoin
It would be even greater if wealth wasn't distributed so disgustingly skewed toward the 0.1%The reason they are holding so much cash is because they do not want to take investment risks with their money.
This is folly. Fiat scrip IS a major investment risk. History has proven this again and again.
One day the illusion that the $ is a safe haven will shatter. My money is on bank bail-ins.
If you were given 1 dollar for every second since the day you were born, you would be a millionaire by 10days old.
At this same rate, you wouldn't become a billionaire until you are 31 yrs old….
At this same rate, you wouldn't become a billionaire until you are 31 yrs old….
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