Elasticated Ceilings

in crypto •  last year 

A suitably jaundiced view of what is really going on...

also...

Investing Legend Jim Rogers Foresees Worst Bear Market of His Lifetime

Yeah, but pay close attention: US bad, Asia good. How the destruction and reconstruction affects you depends on where you are. Tyranny will be global, however; the only solution to that is to take these people down.

Implications as Debt Limit Deal Omits Biden’s Crypto Tax

The so-called Digital Asset Mining Energy (DAME) excise tax has now been scrapped following extended negotiations between the Biden administration and House Speaker Kevin McCarthy aimed at raising the U.S. debt limit to prevent an impending default.

OK, a small victory, but not sure if the relative scales are so small as to make this relevant.

Ans so, crypto still running on hopium...

Bitcoin nears ‘hope’ stage in the psychology of a market cycle

Bitcoin now priced at $28k, up about $2k from last week's low.

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  ·  last year  ·  

liquidity spillage

  ·  last year  ·  

The real issue is where precisely does the liquidity go. I still maintain that hiding M3 is hiding some credit lines - profit lines for the bankster brethren. The ultimate attack is on the nation and taxpayers - the USA will crumble as they will have to cut spending (apart from the military) and life will descend into gangsterism. Took just a century.

  ·  last year  ·  

Americans Pull $472,000,000,000 Out of US Banks in Three Months As Depositors Exit in Historic Numbers

$472B is a lot, but who is withdrawing?

“The quarterly decline is the largest reduction reported in the QBP since data collection began in 1984.
This was the fourth consecutive quarter that the industry reported lower levels of total deposits.”
The “primary driver” of deposit flight came from uninsured deposits, says the FDIC, as people moved to protect capital that is above the $250,000 FDIC insured maximum.

OK, so those will be primarily businesses rather than individuals.

As depositors leave the banking system, money market funds have witnessed massive weekly cash inflows.

And that looks suspicious, coz those funds will also be held by banks - different banks.

Need to look deeper to see if the "banking crisis" is synthetic and planned.

  ·  last year  ·  

mmm... insured deposits actually increased, while uninsured decreased, but by much more. So some of those may be due to small businesses splitting their accounts across multiple banks, ensuring each is within the insured limit. However, that is by no means all!

  ·  last year  ·  

a very good book on how the Fed hijacked the US gov.

  ·  last year  ·  

Coinbase CEO Says U.S. crypto policy will end up benefiting China

Given that the people at the very top are unlikely to be totally retarded, one must look at the hypothesis this tilt to Asia is being done on purpose.

None of this promised globalist bullshit that we shall raise the standard of living of all carbon-units, instead, trash the industrialised countries and terrorise their people into the techno-slavery for all.

  ·  last year  ·  


notice, this is global - not just the USA.

  ·  last year  ·  

But make sure you know how to spend your crypto, whether directly or via fiat.

Bali Warns Tourists Against Using Crypto as a Form of Payment

It's all about tax control - no thought of the benefits to the residents.