…With all the conspiracy theories that somehow the bankers are the real culprits in creating excess money supply, there has been an evolution in central banks that has finally crossed the line since 2019. The Federal Reserve was, once upon a time, responsible. The Fed was originally designed as an authority to create money, which was an elastic money supply. That made perfect sense when the Fed was designed in 1913.
Yes, the bankers owned the shares BECAUSE the Fed was actually designed to do what JP Morgan did in herding the bankers together to save the day during the Panic of 1907. Morgan convinced the bankers that if they did not chip in money to bail out the troubled banks, panic would unfold, and ALL the banks would be hit as a contagion. They listened and joined his effort to stem the Panic of 1907. The design of the Fed was to recreate what JP Morgan put together. The shareholders were the bankers because it was a bail-out fund for the bankers, and TAXPAYER money should not be used to bail out the bankers.
Democrat President Woodrow Wilson signed the 1913 Act, creating the Federal Reserve as well as the income tax.
…Japan’s financial regulator, the Financial Services Agency (FSA), has started discussions around imposing stricter regulations for cryptocurrencies in an effort to provide better protection to Japanese investors.…
… at 18:28 BST on Wednesday, Poly Network said it had received $260m.
Poly Network posted on Twitter that it had been sent digital tokens relating to three crypto-currencies, including $3.3m worth of Ethereum, $256m worth of
Binance Smart Chain (BSC) and $1m worth of Polygon…
Some $611 million worth of crypto assets have been stolen by
cybercriminals using the multinational blockchain platform Poly Network.
“We’re sorry to report that #PolyNetwork was attacked on @BinanceChain, @ethereum and @0xPolygon,” the platform said on Twitter, identifying three addresses where stolen assets were transferred.
total of 9,468 in various crypto tokens valued at approximately $611
million were drained from the platform, including hundreds of millions
of dollars worth of Ethereum and Binance coins.
Poly Network urged cryptocurrency exchanges to “blacklist tokens”
coming from the addresses linked to the hackers. Also, it launched a
preliminary internal investigation that found a vulnerability between
the platform’s contract calls, which may have given cybercriminals a way
to steal the funds.