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People need to stop over generalizing.

glennlab 10 Apr 28
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2

Couldn't agree more!

AnneWimsey Level 9 Apr 28, 2022
0

Nothing like Wall St then lol

puff Level 8 Apr 28, 2022

almost exactly, but without the oversight.

@glennlab No oversight means less oppourtunity to game the system with "insider information" and corrupting policy makers that self enrich.

@puff You mean like the $400 million that the North Korean stole and nobody can recover?
[bbc.com]

@glennlab The one I like is the Bank of England handing control over 1.3 billion pound sterling (not $USD) of Venezuelan gold to a wannabe el presidenti
[theguardian.com]
A bit more info
[bbc.com]

Moral of story: Any nation that entrusts it's wealth to another is nuts as they will lose control.

PS Anyone know what happened to Libya's massive gold reserves? Enough to propose an African "Dinar", backed by gold rather than oil like the $USD is. Funny how "Poof" and gone, just like that!

1

I saw a survey that said 28% of millennials believe they will fund their retirements with cryptocurrency.

BD66 Level 8 Apr 28, 2022

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