Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "What happens to all the money that disappears in a crash yt" video.

  1. Try reading some financial anthropology. Then you'll understand.
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  2. Not quite. It an exposé of how international money markets work, and how the dealer banks trading in it make their money. It's really an exposé of the global financial payment system works. Not banking specifically. There is a difference, because the Lehman Brothers and JP Morgan, etc are investment banks and not retail ones. And retail ones are your high street bank for the public. Whereas the investment banks make their money trading financial assets, and operating in the wholesale financial markets, where the minimum transaction is in the millions of pounds. So most ordinary people will know very little about this and the Offshore finance markets. Those were the assets Gary was trading during his time in the City.
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  3. Silver and gold are not currencies. They are commodities. And the amount in circulation is dwarfed so many times over by the amount of ledger money, because precious metals are illiquid and less efficient as the basis of a globalised financial system. If they were really useful, poor old Zimbabwe would be less of the economic failure it is.
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  4. Just like bots. Lol. I tell you a trick. Go and Google Richard J Murphy and see what you find. I know if we googled you, what we would find. Nothing.
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  5. Austerity was an attempt to reduce the size of the debt relative to GDP but, it has never worked because it also sucks investment out of the economy. It's like asking Dracula for a blood transfusion - deluded.
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  6. Never heard of Gold certificates? Doh. Not true. Gold isn't their kryptonite, otherwise Putin would not be trying to launder gold purchases through the banking system. This is not 1914.
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  7. Sorry but what goes up must come down at some point, and if wishes were fishes, we'd all be fishermen. Bitcoin relies on the existing financial system to exist. Without it, it would be nothing. Why? Because real money is crypto's escape hatch, and everyone hopes it will work when the next crash comes. Or that the money dealers will be tempted to take them as assets... Watch and see... The guardrails are now off, and crypto is exposed to its host, the fiat money system. Enjoy the ride.
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