/biz/ - Business & Finance

Average house prices up around 32% last year in Auckland, Nothing under 1M

You house looks pretty nice anon

>Government sells bonds to Feds to get money
>Fed buys them with money they make up out of thin air. In the digital age this is the same as a centralized digital coin with infinite supply.
>Fed earns money back on interest.
>Fed generates more aritifical money and lends it to commercial banks with interest
>Commercial bank now has 100$
>Loans out the 100$ it has but to ten different people, more money out of nowhere
>These people have to pay interest on this make belief money to the commercial bank
>These people also have to pay taxes of their hard earned salary, products they buy and air they breath to the government, who then gives the money as interest to the federal reserve (private entity) and the cycle repeats

Is this not Literally the definition of a pyramid scheme?

Do I need to send proof of residence to bitfinex to send money to my bank account?

>>2543540
This ride has given me indigestion since I bought at around $3. I want off the rocket when it blows up at $15 or whatever.

>>2485935
what he means is there's a bunch of LTC holders that have been holding massive bags since 2014 when it first mooned. pic related, it's them

>buy Komodo
>wallet maintenance
>still can't sell
>price tanking