We have the Swiss Central Bank that basically “print’s money for free” and then buys real assets with them — like Apple Stock. In fact, the Swiss Central Bank made more money than Apple did last year.
Swiss Bank cost of money $0....bankers dream...money from nothing.
This profit was about 8% of the entire Swiss GDP. Is this the new trend in Central Banks in their last hurrah ...???
To me this should be illegal and these people thrown in jail. There is nothing Federal about the Federal Reserve Banks but yet they print moeney with no recourse to them —- only recourse to people holding a dollar that depreciates.
This is reason 999,999 why why cryptos will be demanded over time.
And they call cryptocurrency a scam, a ponzi, or a bubble...
We are building a better system
They want to protect their scam :-)
That's called making easy money
Easiest money there is.
I will forever say till my dying breath, "End the Fed". It is the fraud/scam of the past two centuries
One day your wish will come true :-)
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I agree. This should be illegal, and these people should be in prison, or hanging from a rope.
But, if this was all that central banks did, it would be ok.
What central banks do is cause inflation and negative real interest rates.
So, every year you get poorer.
If you save your money, you lose.
This is the squeeze.
Pretty soon it will be a fight for life.
This is why I am really behind cryptos.
Agreed very much. No accountability for these people by design....it’s like everyone is owned or compromised. However, there are some major things going on with many many bad people being taken down ....much will come out in 2018 & 2019 .
crypto currency is gaining on the bastards.
We see more of their ways....more people understand.
Thanks