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Where big banks make their money
#1

Where big banks make their money

"At least 12 foreign exchange traders at global banks in London, New York and Tokyo have been suspended amid scores of regulatory and internal inquiries into possible attempted manipulation and collusion in the foreign exchange markets, where $5.3tn changes hands every day."

Foreign exchange: The Big Fix

Forget derivatives and shorts, the banks are fixing the exchange rates of the major world currencies.

Why is the Euro back at 2007 pre-crisis level vs. USD when the Eurozone has shown almost no growth?

Have the banks in Spain, Portugal, Greece, Cyprus, Italy and Ireland cleaned up their balance sheets?

Didn't S&P just downgrade France's credit rating?

If this is where the banks make their money and Bitcoin is the only "unregulated currency," to what ends will the banks attempt to undermine Bitcoin's viability?

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