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Topic: Bitcoin > Banks! WINNING! Banks caught scamming! (Read 3548 times)

sr. member
Activity: 1512
Merit: 326
thats true .many bussines plan think about it

newbie
Activity: 28
Merit: 0
''Banks caught scamming!''
This sound like a paradox to me. They run a legit scam anyway.
donator
Activity: 1736
Merit: 1010
Let's talk governance, lipstick, and pigs.
Gold would be best currency
On the internet gold is only a color.
member
Activity: 102
Merit: 250
Gold would be best currency
legendary
Activity: 1022
Merit: 1005
There is no doubt at all in my mind that banks are also manipulating BTC to their benefit - Creating panic and large scale pump and dumps to scare people away from Bitcoin. They are afraid that if mass adoption of Bitcoin takes place, they will lose their business. I am sure there is a cartel of banks somewhere trying to stop the adoption of Bitcoin, and they seem to be succeeding too. They dont really need to invest too much to cause a dump unfortunately! Angry
sr. member
Activity: 252
Merit: 251
Knowledge its everything
Banks is of the most biggest scamming system in modern history
Only traditional economic system / bitcoin can prevent this
member
Activity: 71
Merit: 10

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

Henry Ford



No truer word said by any man.



the invisible chains are hard to see. yet everyone wants more ... lol
sr. member
Activity: 256
Merit: 250
CSGOBetGuide.com - Esports Gambling List
Shame on you; Bank Of America, CitiBank, Wells Fargo, JP Morgan Chase etc.


http://www.latimes.com/business/la-fi-bank-fine-foreign-exchange-jpmorgan-citibank-20141112-story.html

Well if it's true, it's really nothing new.  Banks will got to any means to make a buck it seems like lately, and the government bails them out should their foolish investments get them into any trouble.
member
Activity: 71
Merit: 10
i guess their profit was $ 500 billion

$4.3 billion is a joke for these banks. its all a joke. a sad one.

they don't give a S!$% about 1 billion. to these guys 1 billion is like uppps... wow, couch change Huh just exchanging different credits from several people farms. and they are just havin' a ball. doing lines and driving new ferraris. nothing changed folks.  Grin

referee blew a whistle on this one, and took the ball away for a minute. the players are crying already. weee. wheeee. gonna be careful next time im cheatin u. when they say they are reviewing procedures, they are just too suprised they got called for. they will make sure its not happening again, and make sure the regulator stash is big enough so the whistle don't work.

anyway if you know about financial compliance business both sides get nicely greased. most of them drink at the same pub regulators and traders all the same. and forex traders will be playing the same game this time 2018, 2020 and so on. there is no change in the system.

... simply just can't wait for them to move into crypto, so we can wash the floor a bit with these old school hags. show them how real trading is done. and serve a side of ass kicking. everyday. cheers spiller Cool
member
Activity: 70
Merit: 10
I am sure banks would be able to manipulate prices of bitcoins if they want to .
They might even be able to demotivate people from investing into bitcoin.
I wasn't aware people even questioned it  Wink
full member
Activity: 238
Merit: 100
www.secondstrade.com - 190% return Binary option
I am sure banks would be able to manipulate prices of bitcoins if they want to .
They might even be able to demotivate people from investing into bitcoin.
member
Activity: 70
Merit: 10

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

Henry Ford



No truer word said by any man.

member
Activity: 112
Merit: 10
Bit ironic how bitcoiners rage against banks stealing munyz while their buddies, the other bitcoin financiers, pound them without so much as a kiss, a bit of lube, or even bus fare home Sad  (pirate@40, TradeFortress, Ukyo, Criptocyprus (Danny Brewster/Neo BEE) etc., etc., etc.) Undecided

Have the banks paid the price?
You shouldn't be comparing pirate@40 with banks. If at all you need his equivalent in the fiat world, think of Madoff.

All the names listed above ran exchanges/"bank-like entities"/financial services.  But just for luls, what percentage of world's total fiat has Madoff absconded with?
legendary
Activity: 1582
Merit: 1064
Bit ironic how bitcoiners rage against banks stealing munyz while their buddies, the other bitcoin financiers, pound them without so much as a kiss, a bit of lube, or even bus fare home Sad  (pirate@40, TradeFortress, Ukyo, Criptocyprus (Danny Brewster/Neo BEE) etc., etc., etc.) Undecided

Have the banks paid the price?
You shouldn't be comparing pirate@40 with banks. If at all you need his equivalent in the fiat world, think of Madoff.
jr. member
Activity: 51
Merit: 251
Even they were caught scamming, they will continue until their financial system broke  Sad
Who will caught  next ?
member
Activity: 112
Merit: 10
Bit ironic how bitcoiners rage against banks stealing munyz while their buddies, the other bitcoin financiers, pound them without so much as a kiss, a bit of lube, or even bus fare home Sad  (pirate@40, TradeFortress, Ukyo, Criptocyprus (Danny Brewster/Neo BEE) etc., etc., etc.) Undecided
member
Activity: 70
Merit: 10
lol 'attempted' currency manipulation, they manipulate currencies on a daily basis and are sanctioned by governments to do it.
Fixed it.....
Quote
lol 'attempted' currency manipulation, they manipulate currencies on a daily basis and are sanctioned rewarded by governments to do it.
sr. member
Activity: 420
Merit: 250
Ever wanted to run your own casino? PM me for info
I don't think banks are really able to manipulate interest rates

Banks can easily manipulate interest rates. Most of the borrowings of corporate borrowers are linked to LIBOR - London Inter Bank Offer Rate. LIBOR is also used extensively in the derivative markets.
And guess how LIBOR is calculated? It is calculated by taking a poll from various banks! Isn't that easy to manipulate?  Grin

Your facts are accurate, however your conclusion is not. Each of the banks that are polled are polled because they have a large trading desk that relies on these interest rates to price bonds. In order for the rates to be manipulated then they would all (or almost all) need to work together, and they would all have inside knowledge where the price will be in the future. The problem with exploiting this is that they all tend to trade with eachother in large volumes, so if they all knew the price of bonds is going to increase then they would all buy, but no one would be willing to sell because they know the price is going to be higher.
legendary
Activity: 1246
Merit: 1000
I don't think banks are really able to manipulate interest rates

Banks can easily manipulate interest rates. Most of the borrowings of corporate borrowers are linked to LIBOR - London Inter Bank Offer Rate. LIBOR is also used extensively in the derivative markets.
And guess how LIBOR is calculated? It is calculated by taking a poll from various banks! Isn't that easy to manipulate?  Grin
hero member
Activity: 686
Merit: 500
Governments manipulate exchange rates, banks manipulate interbank rates. This has been going on for decades. Governments are levying fines now because their treasuries are empty. Soon they will collude again.
I don't think banks are really able to manipulate interest rates, nor exchange rates (as they were accused of doing). I think this was a case of bankers having a big ego and were bragging about being able to do things they were not really capable of doing, and as a result essentially admitted guilt to a crime they were not committing
legendary
Activity: 1264
Merit: 1008
i guess their profit was $ 500 billion

$4.3 billion is a joke for these banks. its all a joke. a sad one.

I know, it just shows it was orchestrated and they want to make the banks look like they actually were punished significantly.

I don't understand humanity sometimes, If everyone woke up overnight and realized this 'system' (call it what you want, NWO ETC) is rigged, and not for the benefit of the human species and its future!


"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

Henry Ford

full member
Activity: 127
Merit: 100
#1 Reseller
banks are the biggest thief's!
legendary
Activity: 3248
Merit: 1070
banks are scammer since they born, not surprise here
legendary
Activity: 1540
Merit: 1000
lol 'attempted' currency manipulation, they manipulate currencies on a daily basis and are sanctioned by governments to do it.
hero member
Activity: 658
Merit: 500
Governments manipulate exchange rates, banks manipulate interbank rates. This has been going on for decades. Governments are levying fines now because their treasuries are empty. Soon they will collude again.
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
It's no use, they just print some money to pay the fine, and the average consumer get fined in the end
legendary
Activity: 1582
Merit: 1019
011110000110110101110010
They were not actually scamming, they were allegedly manipulating a $40 trillion per day currency market that is extremely liquid.   

Many economists that are not associated with these banks have questioned as to how realistic it is that these banks were able to actually move the markets due to the massive amounts of money that are traded on a daily basis.

They were scamming, got caught, and the government wanted their cut. Government can say that they did their job, and the banks get to keep most of their illegal gains. It saves face and wraps up the criminal enterprise in a nice neat package. That is how modern day Global Corpo-Government Fascism works.
legendary
Activity: 1582
Merit: 1064
Shame on you; Bank Of America, CitiBank, Wells Fargo, JP Morgan Chase etc.


http://www.latimes.com/business/la-fi-bank-fine-foreign-exchange-jpmorgan-citibank-20141112-story.html

These banks would be happy to pay the fines.
As long as the litigation was going on and there was uncertainty about the outcome, they were scared.
sr. member
Activity: 294
Merit: 250
I wasn't amused that much when I play with bots that on the altcoin exchanges Grin
It's quite ironic that these banks are accusing bitcoin is a scam Grin
member
Activity: 66
Merit: 10
All these chat logs are cringeworthy. They talk like 16 year olds on aim.
sr. member
Activity: 252
Merit: 250
This news is going to make people abandon banks and start using bitcoin and even care  Smiley Even grandmas  Smiley Revolution is coming  Smiley
RJX
legendary
Activity: 1078
Merit: 1003
The Banks are just scared of making a bit less money thats all. Undecided

That's what every business is scared of and it's the quintessential flaw in capitalism.

After all it's only winner and losers...

sr. member
Activity: 322
Merit: 252
Here I Am !!
The Banks are just scared of making a bit less money thats all. Undecided

The banks are getting towards negative percentage now, they charge you for the priviledge of keeping your money in their vault
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
Shame on you; Bank Of America, CitiBank, Wells Fargo, JP Morgan Chase etc.


http://www.latimes.com/business/la-fi-bank-fine-foreign-exchange-jpmorgan-citibank-20141112-story.html

Was just like banks caught scamming looks at the list
Yep those are the usual suspects
It's kind of irritating that people still use them but I guess they don't have too many choices since they are all colluding together in one form or another. Can see why they want to manipulate currency though evil group.

newbie
Activity: 28
Merit: 0
The Banks are just scared of making a bit less money thats all. Undecided
sr. member
Activity: 364
Merit: 250
They were not actually scamming, they were allegedly manipulating a $40 trillion per day currency market that is extremely liquid.   

Many economists that are not associated with these banks have questioned as to how realistic it is that these banks were able to actually move the markets due to the massive amounts of money that are traded on a daily basis.
full member
Activity: 1834
Merit: 166
i guess their profit was $ 500 billion

$4.3 billion is a joke for these banks. its all a joke. a sad one.
Got a source for that number?
hero member
Activity: 574
Merit: 500
i guess their profit was $ 500 billion

$4.3 billion is a joke for these banks. its all a joke. a sad one.

I know, it just shows it was orchestrated and they want to make the banks look like they actually were punished significantly.

I don't understand humanity sometimes, If everyone woke up overnight and realized this 'system' (call it what you want, NWO ETC) is rigged, and not for the benefit of the human species and its future!
Because it is human nature, which is greedy and lazy. We always try to want more without any effort.
hero member
Activity: 551
Merit: 500
i guess their profit was $ 500 billion

$4.3 billion is a joke for these banks. its all a joke. a sad one.

I know, it just shows it was orchestrated and they want to make the banks look like they actually were punished significantly.

I don't understand humanity sometimes, If everyone woke up overnight and realized this 'system' (call it what you want, NWO ETC) is rigged, and not for the benefit of the human species and its future!
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
i guess their profit was $ 500 billion

$4.3 billion is a joke for these banks. its all a joke. a sad one.
hero member
Activity: 551
Merit: 500
Shame on you; Bank Of America, CitiBank, Wells Fargo, JP Morgan Chase etc.


http://www.latimes.com/business/la-fi-bank-fine-foreign-exchange-jpmorgan-citibank-20141112-story.html
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