The Mad Mad World of Crypto — Arbitrage in the Bitcoin World — Saudi Arabia, Iran and China Agreement — The Dumbest Everything — China Advice for USA — Two US Banks in Trouble - [03-12-2023]
The Mad Mad World of Crypto — Arbitrage in the Bitcoin World — Saudi Arabia, Iran and China Agreement — The Dumbest Everything — China Advice for USA — Two US Banks in Trouble - [03-12-2023]
The numbers aspect of this report are quite entertaining. The geopolitical aspect concerning.
I rather dislike describing finances as assets and wonder if there are even half as much hard assets in conversion, of course, the conversion would increase prices so much so to maybe accommodate all these high numbers.
Finances are nothing but prestige until converted into something real. However, real to most people are short-standing trivial pursuits, so we ought not go there either. But we are!
The Silicon Valley Bank issue has greater interest than suggested, at least I think so. The US and UK governments moved at incredible speed, through fear, to prevent any contagion. Remember that a seemingly unimportant assassination (Archduke Franz Ferdinand of Austria) precipitated WW1. If there is fear of a run on the banks, a seemingly unimportant event could equally precipitate a banking collapse. To a total non-expert like me, the world banking sectors appear like a house of cards, awaiting little more than a puff of wind to start a collapse, but then what do I know?
I couldn't access my checking account online yesterday at Chase but I am not in a panic mode since it doesn't even have enough money for a trip to Mexico.
In the USA, (except for outliers and outright liars like Yellen), no one honestly believed that inflation was going to stop rising in 2023. As long as the 4th Reich continues to support the fascists in Ukraine and ignores our economy and infrastructure, we will continue our downhill trajectory.
The Saudi's and Iranians are foolish to crawl in bed with China, but those who cozy up to dictators are usually dictators them selves, or at least wannabes.
Dare I say that Boom is not fully understanding the Crypto world. A great advantage of something like Bitcoin is that it exists separately from exchanges. If I held any Bitcoin, I would hold it in my own wallet where it is free from the world of governments and exchanges. Don't underestimate the importance of that. Yes, it will be volatile but is traded through a blockchain, free of external control. Like bits of paper money, it has no inherent value. It only has perceived value, and yes, it will continue to be highly volatile and might even fail, but, with its advantages, I feel that is unlikely..
The numbers aspect of this report are quite entertaining. The geopolitical aspect concerning.
I rather dislike describing finances as assets and wonder if there are even half as much hard assets in conversion, of course, the conversion would increase prices so much so to maybe accommodate all these high numbers.
Finances are nothing but prestige until converted into something real. However, real to most people are short-standing trivial pursuits, so we ought not go there either. But we are!
WW III closer to Europe!!!
Horrific Slaughter: Russia Finally Admits to Destroying NATO’s Deep Underground Command Bunker in Kiev:
https://www.theinteldrop.org/2023/03/14/horrific-slaughter-russia-finally-admits-to-destroying-natos-deep-underground-command-bunker-in-kiev/
Russia Downs US Drone Running Target Acquistion for HIMARS:
https://www.theinteldrop.org/2023/03/14/russia-downs-us-drone-running-target-acquistion-for-himars/
The Silicon Valley Bank issue has greater interest than suggested, at least I think so. The US and UK governments moved at incredible speed, through fear, to prevent any contagion. Remember that a seemingly unimportant assassination (Archduke Franz Ferdinand of Austria) precipitated WW1. If there is fear of a run on the banks, a seemingly unimportant event could equally precipitate a banking collapse. To a total non-expert like me, the world banking sectors appear like a house of cards, awaiting little more than a puff of wind to start a collapse, but then what do I know?
SVB Titanic - 2023
https://www.thegatewaypundit.com/wp-content/uploads/Forbes-SVB.jpg
.
https://grrrgraphics.com/wp-content/uploads/2023/03/banks-fail_iceberg_cartoon.jpg
I couldn't access my checking account online yesterday at Chase but I am not in a panic mode since it doesn't even have enough money for a trip to Mexico.
In the USA, (except for outliers and outright liars like Yellen), no one honestly believed that inflation was going to stop rising in 2023. As long as the 4th Reich continues to support the fascists in Ukraine and ignores our economy and infrastructure, we will continue our downhill trajectory.
Thank you. I pray for that big guy to arrive every day.
Part of him was lost over there, he came back different. Still functioning and doing well, and helped get me two new grand babies.
The Saudi's and Iranians are foolish to crawl in bed with China, but those who cozy up to dictators are usually dictators them selves, or at least wannabes.
Dare I say that Boom is not fully understanding the Crypto world. A great advantage of something like Bitcoin is that it exists separately from exchanges. If I held any Bitcoin, I would hold it in my own wallet where it is free from the world of governments and exchanges. Don't underestimate the importance of that. Yes, it will be volatile but is traded through a blockchain, free of external control. Like bits of paper money, it has no inherent value. It only has perceived value, and yes, it will continue to be highly volatile and might even fail, but, with its advantages, I feel that is unlikely..