You think MtGox's lost 850k btc is beyond comprehension? ... watch this.

Lauda

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Quote from: Singlebyte on April 04, 2014, 02:05:16 PM

Just amazing....but the government lost ANOTHER 6 billion dollars!!

http://www.thefiscaltimes.com/Articles/2014/04/04/6-Billion-Goes-Missing-State-Department
When is enough enough!?

They keep more and more.

Bit_Happy

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A Great Time to Start Something!

Quote from: Singlebyte on April 04, 2014, 02:05:16 PM

Just amazing....but the government lost ANOTHER 6 billion dollars!!

http://www.thefiscaltimes.com/Articles/2014/04/04/6-Billion-Goes-Missing-State-Department

When is enough enough!?

When is enough enough!?
$6 Billion is not enough.
Sadly no one will lose their job over that, and a serious investigation is unlikely.

bryant.coleman

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Quote from: 64dimensions on March 24, 2014, 11:07:34 PM

3) Red state welfare (federal taxes received versus federal taxes paid):
Of the twenty worst states, 16 are either Republican dominated or conservative states. Let's go through the top twenty.

That is a flawed argument. Most of the welfare recipients are Hispanic or African-American, who overwhelmingly (90%+) vote for the Democrats.

Bit_Happy

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A Great Time to Start Something!

Quote from: cozk on March 24, 2014, 10:06:03 PM

Good one: +9 Trillion
You nailed it.

Singlebyte

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Just amazing....but the government lost ANOTHER 6 billion dollars!!

http://www.thefiscaltimes.com/Articles/2014/04/04/6-Billion-Goes-Missing-State-Department

When is enough enough!?

dotcom

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Quote from: bridgesro on March 24, 2014, 08:06:54 PM

You would think an institution with as many resources as the Fed has would be able to find someone, anyone, better to handle a hearing than that lady. You could throw sardines at a wall and the noises it would produce would be a more compelling answer than her inane mumbling.

Every time I hear any kind of government board hearing, senate investigation, or question-answer session, I lose a little more faith in politics.

The one on Benghazi is the worst IMO.

Lauda

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Terminated.

Quote from: seriouscoin on March 25, 2014, 01:57:39 AM

Quote from: Lauda on March 25, 2014, 01:49:02 AM

Thank you for sharing this. That's a lot of money!

Not that much.... only $30,000 for each person in U.S

Grin

No, not at all. Cheesy

Swordsoffreedom

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Quote from: Nathonas on March 26, 2014, 06:13:07 AM

Perfect example of the advantage of bitcoin/cryptos over fiat. I guarantee you 99% of people (including me) did not even know about this happening, where as with the blockchain you can see everything that happens.

The government likes to keep people in the dark which is why when a spy comes out and releases classified documents they call them a traitor and aim to humiliate and punish them instead of praising them of heroic deeds and worthy actions to bring truth to the people and show the true cause.
A person is not a traitor to their country if their country betrays that trust
Good old Thucydides (history in context) from the Spartan Athen war point

Nathonas

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Knowledge is Power

Perfect example of the advantage of bitcoin/cryptos over fiat. I guarantee you 99% of people (including me) did not even know about this happening, where as with the blockchain you can see everything that happens.

Seeme

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

DGulari

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KawBet.com - Anonymous Bitcoin Casino & Sportsbook

Quote from: Nthused on March 25, 2014, 03:16:09 AM

Thanks for giving me new info on Bitcoin for my Region Wink

Much Appreciated !

Thanks for giving me new info on Bitcoin for my Religion Wink

BitOnyx

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Cryptocurrencies Exchange

So if this article apparently is not true and it wasn't lost, it was just loans, I guess the discussion should end.

alfabitcoin

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Quote from: jubalix on March 25, 2014, 04:12:54 AM

its only FIAT you can print more and it was, and you see massive dilution of USD value (yes your money)

Conversly one does not simply "lose" bitcoin, and even if you did the reminder just become worth more. Every bitcoin ever produced and be accounted for.

Nor Does one simply print more.

BTC can go well over 9 trillion

So you think if somebody lose priv key thus " lose" btc reminder just worth more? Why it would worth more?
Market dictate the price and nobody know the future.
No gov would simple print money as they wish. Beside, there is a major difference in funds loss no matter btc or fiat vs funds destroyed or not availiable to anyone.

jubalix

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its only FIAT you can print more and it was, and you see massive dilution of USD value (yes your money)

Conversly one does not simply "lose" bitcoin, and even if you did the reminder just become worth more. Every bitcoin ever produced and be accounted for.

Nor Does one simply print more.

BTC can go well over 9 trillion

MP5KU

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Oh sorry, left the 9 trillion in my back pocket.

Nthused

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Quote from: twiifm on March 25, 2014, 02:43:02 AM

Quote from: Nthused on March 25, 2014, 02:32:42 AM

Quote from: seriouscoin on March 24, 2014, 10:52:39 PM

Quote from: twiifm on March 24, 2014, 10:40:00 PM

I think that was an overnight loan so these banks could clear their books. It was paid back

Different than Mt Gox

Wow.... its truly suckers born every sec... Roll Eyes

Digital Currency is the way of the future, you can't trust your Government and they can't do sh!t about Digital Currency, that's what is making them steam as they don't have any Control whatsoever.

Don't be naive as long as govts makes legislation they can control.

http://en.m.wikipedia.org/wiki/Legality_of_Bitcoins_by_country

Thanks I didn't know this existed, Great Read, that's for giving me new info on Bitcoin for my Region Wink

Much Appreciated !

alfabitcoin

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Quote from: seriouscoin on March 24, 2014, 10:20:04 PM

Quote from: alfabitcoin on March 24, 2014, 09:58:38 PM

At least they did not lost customer funds like mtgox did. ( its insured is in it

. )

Are you serious?

The whole world is customer of the Fed Reserve

Iam serious,mtgox lost MY money and fed reserve has nothing to do with me, nor i live in US.
Just somethng is in US does not automaticly involve whole world you are talking to, so stop to refer it to the whole world.
US gov and institution are not concerns of mine nor affect me.
And if you have not noticed, i refered as customer for ordinary people who deposited in the company what are not regulated.
Bank deposit are insured ( fyi)
Whole world are fed reserve customers? Wow, are you serious? FR has bank for customers, not ordinary people like you suggesting.

Are you a creditor and depositor of federal reserve? I do not think so, so why would they " owe" you anything.
Now, are you serious that fed reserve owe you and every other people in US?
I do not see realation of this to mtgox in term that mtgox users lost massive amount what affect them severe.

Show me how you or anybody else suffered due federal reserve? How can you compare that two different matter?

twiifm

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Quote from: Nthused on March 25, 2014, 02:32:42 AM

Quote from: seriouscoin on March 24, 2014, 10:52:39 PM

Quote from: twiifm on March 24, 2014, 10:40:00 PM

I think that was an overnight loan so these banks could clear their books. It was paid back

Different than Mt Gox

Wow.... its truly suckers born every sec... Roll Eyes

Digital Currency is the way of the future, you can't trust your Government and they can't do sh!t about Digital Currency, that's what is making them steam as they don't have any Control whatsoever.

Don't be naive as long as govts makes legislation they can control.

http://en.m.wikipedia.org/wiki/Legality_of_Bitcoins_by_country

Nthused

legendary

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Quote from: seriouscoin on March 24, 2014, 10:52:39 PM

Quote from: twiifm on March 24, 2014, 10:40:00 PM

I think that was an overnight loan so these banks could clear their books. It was paid back

Different than Mt Gox

Wow.... its truly suckers born every sec... Roll Eyes

Digital Currency is the way of the future, you can't trust your Government and they can't do sh!t about Digital Currency, that's what is making them steam as they don't have any Control whatsoever.

MysticalPotato

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Stop the potato genocide!

Quote from: seriouscoin on March 24, 2014, 07:55:15 PM

Fed Reserve LOST $9 Trillions and they dont know where it went. When being asked the government responded that they dont have jurisdiction to investigate the Fed Reserve:

https://www.youtube.com/watch?v=1QK4bblyfsc

I like to know what your response to that statement. Especially at 3:10.... amazing isn it?

Yet the media never made a big deal of this. (especially compared to MtGox fiasco). I guess the media is pretty much owned by banksters.

As a community, I think we have to be careful using inaccurate information to further the cause.
We want to build a reputation for absolute truth and absolute integrity.

In this instance, while the act itself is immoral (though legal, under the 'Emergency and Other Authorities to Authorize Liquidity Programs to Stabilize Markets and Institutions'), the $9 trillion were mainly overnight loans to financial institutions which subsequently repaid the sum in its entirety. Moreover, the $9 trillion is largely inaccurate as it includes daily rollover figures.

seriouscoin

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Quote from: Lauda on March 25, 2014, 01:49:02 AM

Thank you for sharing this. That's a lot of money!

Not that much.... only $30,000 for each person in U.S

Grin

Lauda

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Terminated.

Thank you for sharing this. That's a lot of money!

TanteStefana

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The Future Of Work

Quote from: franky1 on March 24, 2014, 08:50:02 PM

this got me thinking... with such losses and such debt soon a loaf of bread would be worth $10,000...

is this governments way of making the dollar divisible by more zero's then 2.. to try competing with bitcoin

Cheesy

(sarcastic face)

My grandmother was a young mother in 1923 in Germany when they had hyperinflation. She said on payday, the women would go collect the money in wheelbarrows as soon as it was available and ran to the stores to buy their loaf of bread before the value fell and they couldn't get anything anymore.

But we all know Fiat is safer and more real than crypto currency, LOL. It has the government backing it!

Hyperinflation
Nazi fanaticism
Mass murder of millions of Ukrainians

but none of this can ever happen again, no, not in the U.S.A.!

I can argue right now we are becoming a fascist state.

yes, when we become sheeple, we get what we deserve.

Seeme

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Very interesting, and thought this is only one of a few similar big moneylosses that happened from 2008 to 2014.. Crazy world..

twiifm

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Quote from: seriouscoin on March 24, 2014, 10:52:39 PM

Quote from: twiifm on March 24, 2014, 10:40:00 PM

I think that was an overnight loan so these banks could clear their books. It was paid back

Different than Mt Gox

Wow.... its truly suckers born every sec... Roll Eyes

Dude learn the facts before you speak. Bloomberg article was wrong. Grayson got his info from Bloomberg and not research. Coleman couldn't answer his question cause she wasn't prepared. Money was not missing it was overnight loans that were paid back

http://econbrowser.com/archives/2011/12/more_on_those_s

This is written by L Randall Wray on Levi Institute blog. Wray is a respected economist and not politico

64dimensions

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Of course they know where the money went, but you may not want to know:

1) The Afghan and Iraq wars, $2 trillion.

2) $1.3 trillion for the Bush tax cuts.

3) Red state welfare (federal taxes received versus federal taxes paid):

Of the twenty worst states, 16 are either Republican dominated or conservative states. Let's go through the top twenty.

New Mexico: $2.03
Mississippi: $2.02
Alaska: $1.84
Louisiana: $1.78
West Virginia: $1.76
North Dakota: $1.68
Alabama: $1.66
South Dakota: $1.53
Kentucky: $1.51
Virginia: $1.51
Montana: $1.47
Hawaii: $1.44
Maine: $1.41
Arkansas: $1.41
Oklahoma: $1.36
South Carolina: $1.35
Missouri: $1.32
Maryland: $1.30
Tennessee: $1.27
Idaho: $1.21
Does anyone else notice the overwhelming presence of northern "rugged individualist" states, like Alaska, the Dakotas and Montana, along with most of the South? Why it's almost like there's a pattern here or something.

Where can we find liberal bastions California, New York, and Massachusetts? California is 43rd, getting back only $0.78 for every dollar it sends to Washington. New York is 42nd, and one penny better off, at $0.79 per dollar. Massachusetts is 40th, receiving $0.82 for every dollar it sends to DC.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

In future money those coins are worth trillions maybe

seriouscoin

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Quote from: twiifm on March 24, 2014, 10:40:00 PM

I think that was an overnight loan so these banks could clear their books. It was paid back

Different than Mt Gox

Wow.... its truly suckers born every sec... Roll Eyes

Sage

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The big question here for both the Federal Reserve & Mtgox...

Were these funds truly "lost", or intentionally stolen by the owners?

Call me jaded, but my vote is the later in both cases.

twiifm

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I think that was an overnight loan so these banks could clear their books. It was paid back

Different than Mt Gox

seriouscoin

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Quote from: alfabitcoin on March 24, 2014, 09:58:38 PM

At least they did not lost customer funds like mtgox did. ( its insured is in it

. )

Are you serious?

The whole world is customer of the Fed Reserve

jc01480

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Activity: 854

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Nope..

Wow. This reinforces my belief in BTC. A currency, any currency, that cannot lie must be a threat for a reason. What is that reason?

Rep. Alan Grayson, D-Florida: "I am shocked that nobody at the Federal Reserve is keeping track of this."

Swordsoffreedom

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It was literally
Committee: Your responsible right?
Fed: Uh we have stuff to investigate
Committee: But that's your job
Fed: I'll go look into this article uh uh uh we need details let me out of here there's no losses sweatdrop

cozk

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Singlebyte

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You brought up a good point Seriouscoin! Where is our money!

alfabitcoin

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At least they did not lost customer funds like mtgox did. ( its insured is in it

. )

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Heroes and role models for mark. Cheesy

franky1

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this got me thinking... with such losses and such debt soon a loaf of bread would be worth $10,000...

is this governments way of making the dollar divisible by more zero's then 2.. to try competing with bitcoin

Cheesy

(sarcastic face)

franky1

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i watched it a couple years ago and i was shocked at the losses yet 2 years on the news spews out stories of how the people owe trillions, yet no one mentions the 9trill that the fed owes to people. it just strangely becomes a mixed in amount that 'people' now owe

thejewelrytech

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I Quantum Leap to different worlds when I sleep...

The Federal Reserve is about as FEDERAL as FEDERAL EXPRESS! We don't own the Federal Reserve the FEDERAL RESERVE owns US! There was another huge balance that went missing right before 9/11 2.3 trillion? That they were investigating the disappearance of?then all of a sudden by a strange coincidence Roll Eyes

a said "plane" but was actually a MISSILE crashed into the Pentagon and destroyed that branch of office destroying all evidence of these transactions and ending the search since all paperwork was destroyed......... http://www.youtube.com/watch?v=W-F5NKAMdFc and people just magically seemed to forget all about this one unbelievable....... if you ask the SHEEPLE.....

seriouscoin

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Quote from: Bit_Happy on March 24, 2014, 08:03:37 PM

Quote from: seriouscoin on March 24, 2014, 07:55:15 PM

Fed Reserve LOST $9 Trillions and they dont know where it went. When being asked the government responded that they dont have jurisdiction to investigate the Fed Reserve:

https://www.youtube.com/watch?v=1QK4bblyfsc

I like to know what your response to that statement. Especially at 3:10.... amazing isn it?

Yet the media never made a big deal of this. (especially compared to MtGox fiasco). I guess the media is pretty much owned by banksters.

The Fed LOST $9 Trillion and they dont know where it went = Hardly anyone hears about it.
MtGox lost less than $1 Billion == Everybody hears how dangerous BTC is.

I like the perspective of $9 trillions = $30k for EVERYONE in U.S.

seriouscoin

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Quote from: Bit_Happy on March 24, 2014, 08:03:37 PM

Quote from: seriouscoin on March 24, 2014, 07:55:15 PM

Fed Reserve LOST $9 Trillions and they dont know where it went. When being asked the government responded that they dont have jurisdiction to investigate the Fed Reserve:

https://www.youtube.com/watch?v=1QK4bblyfsc

I like to know what your response to that statement. Especially at 3:10.... amazing isn it?

Yet the media never made a big deal of this. (especially compared to MtGox fiasco). I guess the media is pretty much owned by banksters.

The Fed LOST $9 Trillion and they dont know where it went = Hardly anyone hears about it.
MtGox lost less than $1 Billion == Everybody hears how dangerous BTC is.

I just love that lady's response " we have the responsibilities.... can you repeat that question? ...... we havent gotten into that details yet...."

bridgesro

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You would think an institution with as many resources as the Fed has would be able to find someone, anyone, better to handle a hearing than that lady. You could throw sardines at a wall and the noises it would produce would be a more compelling answer than her inane mumbling.

Bit_Happy

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A Great Time to Start Something!

Quote from: seriouscoin on March 24, 2014, 07:55:15 PM

Fed Reserve LOST $9 Trillions and they dont know where it went. When being asked the government responded that they dont have jurisdiction to investigate the Fed Reserve:

https://www.youtube.com/watch?v=1QK4bblyfsc

I like to know what your response to that statement. Especially at 3:10.... amazing isn it?

Yet the media never made a big deal of this. (especially compared to MtGox fiasco). I guess the media is pretty much owned by banksters.

The Fed LOST $9 Trillion and they dont know where it went = Hardly anyone hears about it.
MtGox lost less than $1 Billion == Everybody hears how dangerous BTC is.

seriouscoin

hero member

Activity: 658

Merit: 500

Fed Reserve LOST $9 Trillions and they dont know where it went. When being asked the government responded that they dont have jurisdiction to investigate the Fed Reserve:

https://www.youtube.com/watch?v=1QK4bblyfsc

I like to know what your response to that statement. Especially at 3:10.... amazing isn it?

Yet the media never made a big deal of this. (especially compared to MtGox fiasco). I guess the media is pretty much owned by banksters.

Topic: You think MtGox's lost 850k btc is beyond comprehension? ... watch this. (Read 3694 times)