J. Christopher Flowers and his ilk are responsible for the European Union and the disaster it has been in promoting world inequality. The knucklehead was interviewed by Wall Street Journal and he reiterated that in the short-term for investors the EU breaking apart would have disastrous consequences..for people like him. he didn't say that in the Wall street Journal but tis is what he meant and international investors is pretty much code word for tax-dodging pricks pooling their money to affect governments around the world an seek advantages for the one percent. J Christopher Flowers is art of this class and his insistence that banks need to be the dominating economic force in society. Flowers says all these fintech companies will go under and bitcoin will n ever replace money. he also predicted Chinese stocks will slump as restructuring is coming through their massive debt accumulation and building of cities and buildings where no human resides.
flowers insisted that the power of bitcoin to offer their services to those who are not catered by the mainstream banking sector. This may lead to poor lending decisions which may lead to huge losses in the long run due to defaults. Hogwash. Bitcoin is meant as a way for the ultra-wealthy to hide their money and transactions so government don't tax is as pressure on the worlds wealthiest to fund projects needed by fellow citizens will reach a boiling point. Bitcoin is not used so people in bank less communities can now get a checking account. bitcoin is an attempt by the worlds criminal underclass to avoid the eyes of authorities to their networks and power and tis is basically what the fight against apple phone encryptions is all about. 
Lending is always a risk and a system open to unfairness and corruption and would only be worse with a system created to ensure total privatization of money laundering activities and attempts by criminal entrepreneurs from sidestepping the law enforcement. Bitcoin is a currency hope by the casino capitalists corrupters of government and Wall Street financiers like J Flowers should call it out and say it for what it is. here is an analogy to what Bitcoin is for the casino capitalists..it is s method of getting ahead and avoiding payments for their profits and pretty much another attempt of rich people playing a chess game against society where they start off life with five free moves before their average citizen can move one pawn. Bitcoin is a last desperate attempt for them to continue this financial terrorism against the public.
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