«It's like
a reserve form of money, it's like gold, and it's just a store of value.
«I'm skeptical of most of them (cryptocurrencies), I do think people are a little bit... underestimating bitcoin especially because... it's like
a reserve form of money, it's like gold, and it's just a store of value.
However, having observed it over a period of time and looking to the investor's response towards Bitcoin, Peter Theil started to realize that this could serve «as
a reserve form of money.»
Peter Thiel, technology investor: «I do think people are a little bit... underestimating bitcoin especially because... it's like
a reserve form of money, it's like gold»
Not exact matches
In 2015, as in the past, the best mortgage rates are
reserved for borrowers with excellent credit and the willingness to pay more
money up front in the
form of discount points.
This means talking about the Fed's «instruments
of monetary control,» which include devices for regulating the total quantity
of bank
reserves and circulating Federal Reserve notes, and also for regulating the quantity
of bank deposits and other
forms of privately - created
money that will be supported by any given quantity
of bank
reserves.
Since then, the Fed has created a great deal
of base
money in the
form of reserves, but it has also increased the amount
of currency in circulation by 20 %.
The Fed has made several 0.25 % increases in its targeted interest rates, but the main effect
of these rate hikes is to increase the amount
of money the Fed pays to the commercial banks in the
form of interest on
reserves (IOR).
Reserves play no role whatsoever in a bank's ability to generate credit (erroneously referred to as «
money») in the
form of deposits, which it deceitfully labels as a «loan».
In 2015, as in the past, the best mortgage rates are
reserved for borrowers with excellent credit and the willingness to pay more
money up front in the
form of discount points.
Unlike the earnest
money deposit, the funds for
reserves can not be in the
form of a gift.
It is not fear mongering, it is seeing reality for what it is, governments have insatiable desire for people's
money, there comes a point in all governments where they need to become creative to get
money (like the federal
reserve, confiscating gold, and getting off the gold standard are all
forms of this).
Banks create
money, or expand the
money supply, in the
form of checkable deposits by multiplying their required
reserve amount into a larger amount
of deposits.
For 100 %
of the cash value to be counted this
reserve money must be in the
form of cash, savings, and / or checking accounts.
Taxpayers loan the government
money in the
form of purchasing a bond and in return the federal
reserves guarantee a return on investment, as well as the principal not being diminished.
Creating a trading system is like inventing a new
form of money, with implications for inter-state commerce and foreign policy (both constitutionally
reserved for the federal government, not the states in the U.S.).
Through it, central banks such as the US Federal
Reserve have obtained the ability to inflate the supply
of reserve currencies and to manipulate the world's most widely utilized
form of money.
On the other side, you have all the fiat
moneys of the last 4 centuries — the Dutch gulden, the Spanish real and the British pound — which were both
money as well as
reserve currencies at that time and whose value collapsed to zero and do not exist anymore today as
forms of money.