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!
'Assets' always refer to the ethereal 'financial assets' Rick. BOOM is talking in conventional global financial terms knowing that they aren't actually real as you and I know. But the negative effects impact everyone involved like SVB shareholders and creditors - impoverishment by any other name - as long as they remain in the imaginary world of what they happily describe as 'wealth'. They don't know the meaning of the word!
"Several times before the collision, the Su-27s dumped fuel on and flew in front of the MQ-9 in a reckless, environmentally unsound and unprofessional manner,” the US European Command statement said. So war is environmentally unsound now! Who would have guessed?
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.
Good history lesson. I have no dog in this hunt as I loath wars for every reason except for invasion. The same class of people always profit from them and the same class of people suffer thru them.
I became sick with worry every time a car came up our driveway as my youngest Son was deployed for six years total in Iraq and Afghanistan. War is hell and those who make wars are devils in my book. Putin invaded a country, and that country is backed by evil people too.
I'm with you Bert. The amount of $ spent on arms around the world would fix everything and change. These warmongers have no reason whatsoever to remain alive in our world but I guess only Big Guy can change it ...perhaps one day.
I am sorry to hear about your son. I have been relieved of this trauma - it must have been horrific for you (and your son).
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..
Sounds like sound advice as was your earlier advice to consider holding some silver.
I had a friend, a bit of a savant, who was into Bitcoin in 2010. I wish I had bought a little then. He did very wellfor a small outlay, but it is a just gamble after all.
BOOM understands well that Bitcoin can (and is) held often privately and NOT on any exchange. However, if you want to exchange your Bitcoin for Fiat currency in any volume, you have to (generally) go to an exchange such as Binance etc. Unless you do a private exchange in a private transaction in person.
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!
'Assets' always refer to the ethereal 'financial assets' Rick. BOOM is talking in conventional global financial terms knowing that they aren't actually real as you and I know. But the negative effects impact everyone involved like SVB shareholders and creditors - impoverishment by any other name - as long as they remain in the imaginary world of what they happily describe as 'wealth'. They don't know the meaning of the word!
Right!
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/
"Several times before the collision, the Su-27s dumped fuel on and flew in front of the MQ-9 in a reckless, environmentally unsound and unprofessional manner,” the US European Command statement said. So war is environmentally unsound now! Who would have guessed?
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 think you know enough Greg - it is indeed an accident waiting to happen in my view too.
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.
When inflation was at 6%, that bitch was still saying that all was right. The Fed was saying that it was transitory.
Lying is the US national anthem for the oligarchs.
The SVB story is a relief for the Bandera crowd in D.C because it buries their Nord Stream terrorist attack on Germany.
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.
May be there is another aspect Bert? My friend in China has a view, sent this:
https://russia-insider.com/en/history/ivan-terrible-wasnt-terrible-all-oligarch-busting-virtuous-hero-demonized-west/ri25166
Good history lesson. I have no dog in this hunt as I loath wars for every reason except for invasion. The same class of people always profit from them and the same class of people suffer thru them.
I became sick with worry every time a car came up our driveway as my youngest Son was deployed for six years total in Iraq and Afghanistan. War is hell and those who make wars are devils in my book. Putin invaded a country, and that country is backed by evil people too.
I'm with you Bert. The amount of $ spent on arms around the world would fix everything and change. These warmongers have no reason whatsoever to remain alive in our world but I guess only Big Guy can change it ...perhaps one day.
I am sorry to hear about your son. I have been relieved of this trauma - it must have been horrific for you (and your son).
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..
It's pros and cons Greg IMHO. I generally don't use things I don't understand which limits me to old codger status - old dogs and new tricks I guess.
Sounds like sound advice as was your earlier advice to consider holding some silver.
I had a friend, a bit of a savant, who was into Bitcoin in 2010. I wish I had bought a little then. He did very wellfor a small outlay, but it is a just gamble after all.
BOOM understands well that Bitcoin can (and is) held often privately and NOT on any exchange. However, if you want to exchange your Bitcoin for Fiat currency in any volume, you have to (generally) go to an exchange such as Binance etc. Unless you do a private exchange in a private transaction in person.