Tech Upstarts Paying 17 Times Interest Upset China Banks

[88m3]

http://www.bloomberg.com/news/2014-...ying-17-times-interest-upset-china-banks.html

 

[Depreciating Asset]

It's very interesting times watching central banks losing some control over currency. First bitcoin, now this. There were always black markets in currency but the difference now is that there are very visible markets where people are making much more outside of the traditional banking system. Maybe this century, most drugs will be legalized and we will have instead have a War on Black Market Currency perpetuated by states against these technological advances that they cannot keep up with.

 

[Domingo Halliburton]

I just skimmed the article but they're just investing into a mutual fund, right?