Re:France and Germany Agree to Block Facebook's Libra
by 4ntonius8lock on Saturday September 14, 2019 @04:48PM
(#20973678)
> invested in the US economy via bonds and stocks
> bank deposits and government securities
Your point doesn't contradict mine. It actually re-enforces it.
What percentage will be in US deposits and government securities? US bank deposits get invested into the market, so yes, this would take the money from someone in France, who would currently hold savings in a French bank involved in the local economy and move it to Facebook's vault.
The very link you provided lacks transparency and is exactly the type of reason I distrust Facebook. In fact it doesn't have a single #, percentage or actual thing I could verify/which they are committing to, the language is vague... I'm guessing intentionally so.
> bank deposits and government securities
Your point doesn't contradict mine. It actually re-enforces it.
What percentage will be in US deposits and government securities? US bank deposits get invested into the market, so yes, this would take the money from someone in France, who would currently hold savings in a French bank involved in the local economy and move it to Facebook's vault.
The very link you provided lacks transparency and is exactly the type of reason I distrust Facebook. In fact it doesn't have a single #, percentage or actual thing I could verify/which they are committing to, the language is vague... I'm guessing intentionally so.