Indeed it is the wild west! There is no regulatory overseer that would prohibit this from happening. If you had the tools to make billions of dollars and no legal barriers to prevent doing so, what would you do?
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Well, honestly... I wouldn't since it is what we call stealing from others. And I am by no means a religious person, but stealing from others will somehow come back to haunt you one way or the other ;-)
OK, but if you were a globalist banker, do you think stealing from others would be a big moral concern?
Is why I am not a banker ;-D