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etherwhitelable
Joined 9 years ago
Karma
23
Submissions
4
Member since
Jul 26
View on Hacker News
Recent submissions
Comment · 6 years ago
Private banks technically own the Fed receive 6% interest on their capital with any net gains are paid to the treasury. They buy all the bad and risky loans from banks and never have to mark them to real value or take a loss. If asset recovers and becomes valuable they sell it back to the banks.
Comment · 6 years ago
The federal reserve owns half of all US debt. We are paying interest on interest to our own Fed that serves as the banking systems perpetual bailout fund with the ability to create unlimited amounts of money.
Comment · 9 years ago
This is typical bullcrap from Wall Street. I think its going down but I also think its going up...if it doesnt drop in 4 months he can claim to be a sage. If it drops he can be a right that way too. What Novo is being indecisive and wishy washy.
Comment · 9 years ago
The idea of creating a spreadsheet and projecting future Sales projections are not where the focus of a new venture should be. Instead answer the challenge of how to create value for others. If the value (in a saturated market) was high then the sales would be the result. How to create value is the key to success not spreadsheet projections.