The whole financial system is a game! There are different players, big and small, all with different motives and agendas. Surprised you haven't figured this out by now.
Hahahaha All of the sudden every is worried about not being involved in the cryptocurrency game......all of the sudden the price goes up and now Lagarde says Central banks and regulators need to get serious about digital currencies....bahhhh hahahahahahaha Wasn't Bitcoin and altcoins all about being decentralized and not having any big financial institution involvements ???? Well well well look what's happening.... all those who thought cyrprotcurrencies were the best kept secret now have the IMF involved in getting in on a piece of the action...only because of the price of what the cryptocurrency market is worth....if it was worth a few hundred thousand they wouldnt even care now that the virtual currency exchange is worth nearly $200 billion they want in..... this is is the biggest tulip mania the world has ever witnessed.... https://www.cnbc.com/2017/10/13/bit...ital-currency-imf-christine-lagarde-says.html It's time for the world's central banks and regulators to get serious about digital currencies, according to the head of the International Monetary Fund. Global financial institutions are taking risks by not watching and understanding emerging financial tech products that are already starting to shake up the financial services and global payments system, according to IMF Managing Director Christine Lagarde. "I think that we are about to see massive disruptions," Lagarde told CNBC in a Facebook Live interview on the sidelines of the IMF Annual Meetings in Washington D.C.
That is kind of funny Blankfein lamenting about paper money. He should know the monetary history of the USA. In the 1800s there were all kind of paper currencies going on all over the States, pretty much every bank had its own notes. What also happened that most of the time these notes went worthless, banks going down first leaving only a paper trail (pardon my pun) behind them. http://www.journalofantiques.com/June04/coinsjune04.htm