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NewbieActivity: 56Merit: 0 Re: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings February 01, 2014, 01:29:39 AM #2523 Quote from: Juzzers on February 01, 2014, 01:12:32 AM Quote from: mainline on January 31, 2014, 05:27:09 PM

But you go right ahead and invest.

*Danny's also buying into a plain old fiat bank, so if you're worried about real banks going tits up, you've bet on the wrong horse

I live in the states. FDIC. Trust my bank just a smidgen more than some d00d from Cyprus - the home of secure bankingBut you go right ahead and invest.*Danny's also buying into a plain old fiat bank, so if you're worried about real banks going tits up, you've bet on the wrong horse

"Yes, the Federal Government (via the FDIC) insures deposits in most institutions up to $250,000. But there is a problem with this insurance. The FDIC currently has far less money in its fund than it has insured deposits: as of Sept. 1, about $41 billion in reserve against $6 trillion in insured deposits."



http://www.zerohedge.com/news/2014-01-31/why-harvard-economist-pulling-all-his-money-bank-america



The company that insures my car would also fail if every car it insured killed a pedestrian and got sued.

It's frightening that i have to explain the basics of life to the budding financiers on this thread.



Anyhow, the tinfoil hatters here think that more fiat gets printed by teh bankers whenever shit hits the fan. So how is it possible for the bankers to not have enough fiat? They borked the presses? The company that insures my car would also fail if every car it insured killed a pedestrian and got sued.It's frightening that i have to explain the basics of life to the budding financiers on this thread.Anyhow, the tinfoil hatters here think that more fiat gets printed by teh bankers whenever shit hits the fan. So how is it possible for the bankers to not have enough fiat? They borked the presses?

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NewbieActivity: 28Merit: 0 Re: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings February 01, 2014, 01:36:27 AM

Last edit: February 01, 2014, 01:49:32 AM by Juzzers #2524 Quote from: mainline on February 01, 2014, 01:29:39 AM Quote from: Juzzers on February 01, 2014, 01:12:32 AM Quote from: mainline on January 31, 2014, 05:27:09 PM

But you go right ahead and invest.

*Danny's also buying into a plain old fiat bank, so if you're worried about real banks going tits up, you've bet on the wrong horse

I live in the states. FDIC. Trust my bank just a smidgen more than some d00d from Cyprus - the home of secure bankingBut you go right ahead and invest.*Danny's also buying into a plain old fiat bank, so if you're worried about real banks going tits up, you've bet on the wrong horse

"Yes, the Federal Government (via the FDIC) insures deposits in most institutions up to $250,000. But there is a problem with this insurance. The FDIC currently has far less money in its fund than it has insured deposits: as of Sept. 1, about $41 billion in reserve against $6 trillion in insured deposits."



http://www.zerohedge.com/news/2014-01-31/why-harvard-economist-pulling-all-his-money-bank-america



The company that insures my car would also fail if every car it insured killed a pedestrian and got sued.

It's frightening that i have to explain the basics of life to the budding financiers on this thread.



Anyhow, the tinfoil hatters here think that more fiat gets printed by teh bankers whenever shit hits the fan. So how is it possible for the bankers to not have enough fiat? They borked the presses?

The company that insures my car would also fail if every car it insured killed a pedestrian and got sued.It's frightening that i have to explain the basics of life to the budding financiers on this thread.Anyhow, the tinfoil hatters here think that more fiat gets printed by teh bankers whenever shit hits the fan. So how is it possible for the bankers to not have enough fiat? They borked the presses?

Obviously the question is one of reserve ratios. The FDIC you put your unfounded faith in has reserves to cover 0.68% of deposits.



The issue with fiat is not that there isn't enough - it's that too much is printed and faith in it is lost as a crack up boom ensues and the mass of people suddenly realise their mass produced currency is headed into a downward spiral and dump it in favour of unprintable assets.



http://www.paulnathan.biz/commentaries/18-the-crack-up-boom.html Obviously the question is one of reserve ratios. The FDIC you put your unfounded faith in has reserves to cover 0.68% of deposits.The issue with fiat is not that there isn't enough - it's that too much is printed and faith in it is lost as a crack up boom ensues and the mass of people suddenly realise their mass produced currency is headed into a downward spiral and dump it in favour of unprintable assets.

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NewbieActivity: 56Merit: 0 Re: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings February 01, 2014, 02:33:07 AM

Last edit: February 01, 2014, 02:52:09 AM by mainline #2525 Quote from: Juzzers on February 01, 2014, 01:36:27 AM ...

Obviously the question is one of reserve ratios. The FDIC you put your unfounded faith in has reserves to cover 0.68% of deposits.



The issue with fiat is not that there isn't enough - it's that too much is printed and faith in it is lost as a crack up boom ensues and the mass of people suddenly realise their mass produced currency is headed into a downward spiral and dump it in favour of unprintable assets.

...

The .68% figure seems unreasonable to you? Why? Because the FDIC has often failed to make whole the users of collapsed banks?

It is not just the FDIC, though. The entire financial might of the US of A that is threatened when banks fail.

With NeoBee Danny? Not so much



Anyhow, bitcoin financial institutions had a less-then-stellar track record, starting with the awesome Pirateat40's Bitcoin Savings and Trust and recently punctuated by Tradefortress and Ukyo.

But this time it's different.



But we've gotten pretty far off-topic. Danny *wants* to buy into a fiat bank. So you'll take on the risks of *that* bank, too The .68% figure seems unreasonable to you? Why? Because the FDIC has often failed to make whole the users of collapsed banks?It is not just the FDIC, though. The entire financial might of the US of A that is threatened when banks fail.With NeoBee Danny? Not so muchAnyhow, bitcoin financial institutions had a less-then-stellar track record, starting with the awesome Pirateat40's Bitcoin Savings and Trust and recently punctuated by Tradefortress and Ukyo.But this time it's different.But we've gotten pretty far off-topic. Danny *wants* to buy into a fiat bank. So you'll take on the risks of *that* bank, too

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NewbieActivity: 28Merit: 0 Re: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings February 01, 2014, 11:53:19 AM #2526 Quote from: mainline on February 01, 2014, 02:33:07 AM Quote from: Juzzers on February 01, 2014, 01:36:27 AM ...

Obviously the question is one of reserve ratios. The FDIC you put your unfounded faith in has reserves to cover 0.68% of deposits.



The issue with fiat is not that there isn't enough - it's that too much is printed and faith in it is lost as a crack up boom ensues and the mass of people suddenly realise their mass produced currency is headed into a downward spiral and dump it in favour of unprintable assets.

...

The .68% figure seems unreasonable to you? Why? Because the FDIC has often failed to make whole the users of collapsed banks?

It is not just the FDIC, though. The entire financial might of the US of A that is threatened when banks fail.

With NeoBee Danny? Not so much



Anyhow, bitcoin financial institutions had a less-then-stellar track record, starting with the awesome Pirateat40's Bitcoin Savings and Trust and recently punctuated by Tradefortress and Ukyo.

But this time it's different.



But we've gotten pretty far off-topic. Danny *wants* to buy into a fiat bank. So you'll take on the risks of *that* bank, too

The .68% figure seems unreasonable to you? Why? Because the FDIC has often failed to make whole the users of collapsed banks?It is not just the FDIC, though. The entire financial might of the US of A that is threatened when banks fail.With NeoBee Danny? Not so muchAnyhow, bitcoin financial institutions had a less-then-stellar track record, starting with the awesome Pirateat40's Bitcoin Savings and Trust and recently punctuated by Tradefortress and Ukyo.But this time it's different.But we've gotten pretty far off-topic. Danny *wants* to buy into a fiat bank. So you'll take on the risks of *that* bank, too

The too big to fail banks, which are now even bigger, will cause the whole US system to fall over and many other big international banks - and so FDIC covering 0.68% of deposits is a joke. It gives a completely false impression that deposits in these institutions are safe.



However, this does not mean every bank carries the same level of risk. On the contrary when faith is lost in over-leveraged casino banks, people tend to put money into smaller, more local banks.



Therefore the question is entirely about which bank Danny wants to hold a stake in, its levels of leverage and how risky its assets are. What I'm saying is, that could be a far safer prospect than any FDIC insured bank.



A great example is the Bank of North Dakota - a small state owned bank which suffered absolutely no problems during the 2008 financial crises. Why? Because it was a small, safe bank.



http://www.motherjones.com/mojo/2009/03/how-nation%E2%80%99s-only-state-owned-bank-became-envy-wall-street The too big to fail banks, which are now even bigger, will cause the whole US system to fall over and many other big international banks - and so FDIC covering 0.68% of deposits is a joke. It gives a completely false impression that deposits in these institutions are safe.However, this does not meanbank carries the same level of risk. On the contrary when faith is lost in over-leveraged casino banks, people tend to put money into smaller, more local banks.Therefore the question is entirely about which bank Danny wants to hold a stake in, its levels of leverage and how risky its assets are. What I'm saying is, that could be a far safer prospect than any FDIC insured bank.A great example is the Bank of North Dakota - a small state owned bank which suffered absolutely no problems during the 2008 financial crises. Why? Because it was a small, safe bank.

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NewbieActivity: 5Merit: 0 Re: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings February 01, 2014, 01:35:56 PM #2528 Hey guys guess what!? I'm lurking on this thread to get updates on fucking Neo & Bee! THAT'S IT... I'm starting to believe mainline has created phony accounts just to argue with himself - And hey guess what loser when you reply to this post I'm not going to respond because it has shit to do with Neo & Bee.



&So this isn't a completely worthless post like half of these motherfuckers, Neo & Bee now has a twitter: @NeoandBee





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NewbieActivity: 56Merit: 0 Re: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings February 01, 2014, 01:45:50 PM

Last edit: February 01, 2014, 01:58:34 PM by mainline #2529 Quote from: Juzzers on February 01, 2014, 11:53:19 AM Quote from: mainline on February 01, 2014, 02:33:07 AM Quote from: Juzzers on February 01, 2014, 01:36:27 AM ...

Obviously the question is one of reserve ratios. The FDIC you put your unfounded faith in has reserves to cover 0.68% of deposits.



The issue with fiat is not that there isn't enough - it's that too much is printed and faith in it is lost as a crack up boom ensues and the mass of people suddenly realise their mass produced currency is headed into a downward spiral and dump it in favour of unprintable assets.

...

The .68% figure seems unreasonable to you? Why? Because the FDIC has often failed to make whole the users of collapsed banks?

It is not just the FDIC, though. The entire financial might of the US of A that is threatened when banks fail.

With NeoBee Danny? Not so much



Anyhow, bitcoin financial institutions had a less-then-stellar track record, starting with the awesome Pirateat40's Bitcoin Savings and Trust and recently punctuated by Tradefortress and Ukyo.

But this time it's different.



But we've gotten pretty far off-topic. Danny *wants* to buy into a fiat bank. So you'll take on the risks of *that* bank, too

The .68% figure seems unreasonable to you? Why? Because the FDIC has often failed to make whole the users of collapsed banks?It is not just the FDIC, though. The entire financial might of the US of A that is threatened when banks fail.With NeoBee Danny? Not so muchAnyhow, bitcoin financial institutions had a less-then-stellar track record, starting with the awesome Pirateat40's Bitcoin Savings and Trust and recently punctuated by Tradefortress and Ukyo.But this time it's different.But we've gotten pretty far off-topic. Danny *wants* to buy into a fiat bank. So you'll take on the risks of *that* bank, too

The too big to fail banks, which are now even bigger, will cause the whole US system to fall over and many other big international banks - and so FDIC covering 0.68% of deposits is a joke. It gives a completely false impression that deposits in these institutions are safe.



However, this does not mean every bank carries the same level of risk. On the contrary when faith is lost in over-leveraged casino banks, people tend to put money into smaller, more local banks.



Therefore the question is entirely about which bank Danny wants to hold a stake in, its levels of leverage and how risky its assets are. What I'm saying is, that could be a far safer prospect than any FDIC insured bank.



A great example is the Bank of North Dakota - a small state owned bank which suffered absolutely no problems during the 2008 financial crises. Why? Because it was a small, safe bank.



http://www.motherjones.com/mojo/2009/03/how-nation%E2%80%99s-only-state-owned-bank-became-envy-wall-street

The too big to fail banks, which are now even bigger, will cause the whole US system to fall over and many other big international banks - and so FDIC covering 0.68% of deposits is a joke. It gives a completely false impression that deposits in these institutions are safe.However, this does not meanbank carries the same level of risk. On the contrary when faith is lost in over-leveraged casino banks, people tend to put money into smaller, more local banks.Therefore the question is entirely about which bank Danny wants to hold a stake in, its levels of leverage and how risky its assets are. What I'm saying is, that could be a far safer prospect than any FDIC insured bank.A great example is the Bank of North Dakota - a small state owned bank which suffered absolutely no problems during the 2008 financial crises. Why? Because it was a small, safe bank.

Let me get this straight:



You're worried that $41 billion is not enough to insure your worthless fiat in US banks, so you invested in a curious financial instrument you don't understand, issued by a Cypriot d00d on the interwebs forum?

Who has no insurance whatsoever, not even the measly $41bn?

You invested bitcoin, the currency made great specifically by the fact that it does not need banks?



And now you think that buying into a fiat bank is also a good idea?

In that case, buy moar sharez - millions are available @ IPO price



"The human mind is a powerful thing. Give it a can of spraypaint and a brown paper bag, and it will believe anything!"

Let me get this straight:You're worried that $41 billion is not enough to insure your worthless fiat in US banks, so you invested in a curious financial instrument you don't understand, issued by a Cypriot d00d on the interwebs forum?Who has no insurance whatsoever, not even the measly $41bn?You invested bitcoin, the currency made great specifically by the fact that it does not need banks?And now you think that buying into a fiat bank is also a good idea?In that case, buy moar sharez - millions are available @ IPO price

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Sr. MemberActivity: 378Merit: 250 Re: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings February 01, 2014, 08:40:19 PM #2533



I didn't register any tweet, reddit post or anything about Neo&Bee. Only little troll fest in this thread, with very "on-topic posts" from fresh accounts and TAT playing with his new Altcoin in spare time Sooo ... what was the first day of grand marketing campaign? Everything well? Or nothing? Did somebody from Cyprus saw any commercial today? Also http://www.neo-bee.com/ didn't change.I didn't register any tweet, reddit post or anything about Neo&Bee. Only little troll fest in this thread, with very "on-topic posts" from fresh accounts and TAT playing with his new Altcoin in spare time ... Question Everything, Believe Nothing ...