Re: Mt Gox's demise/aftermath is actually a heavy blow to Keynesian economic theory
A lot of the trolls on CNN's comment section were gloating yesterday, but we are having the last laugh, when you think about it the Lehman Brothers or Bear Sterns of the crypto world folded yesterday...and nothing happened. In fact BTC and other alts are rallying because of it. If Mt Gox were a major US bank, we'd be having fed policy makers locked behind doors for days on end figuring out how to bail them out and arguing if we don't do anything, bitcoin could suffer a "Catastrophic" collapse.
I am convinced '08 was nothing more than a big lie to steal trillions in wealth from middle-class Americans with fears that if we don't bail out the big banks, our whole economic way of life is on the line. I think had we gone over the cliff and let these big banks failed we might have even seen a major market rally due to the free market correction.
I am convinced '08 was nothing more than a big lie to steal trillions in wealth from middle-class Americans with fears that if we don't bail out the big banks, our whole economic way of life is on the line. I think had we gone over the cliff and let these big banks failed we might have even seen a major market rally due to the free market correction.
Man you just lit up my brain! Good frickin point! WOW... ... Whoever fell for "the sky's gonna fall if you don't give us your money" answer, the government fed us, should feel used!
