Miscellaneous News

9dashline

Captain
Registered Member
CZ of Binance is on full massive attack, given the shit the Financial Establishment put him and the rest of Crypto under during the FTX debacle:
This guy is responsible for collapse of FTX, his one tweet is what got the snowball rolling... then the Silver bank collapsed because in part of failure of FTX, and SVB followed hours later...

Wont be long before he is accused of being a CCP agent.
 

KYli

Brigadier
First Republic bank got a rescue package from JP Morgan Chase and the Fed. I seriously doubt the bank runs would just end here. More Crypto firms would explode. More banks would tank. Until heads will roll for such disaster, Wall Street bankers would continue to take ever greater risk as the payoff is huge and failure has no consequence as taxpayers would be on the hook.
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Chevalier

Captain
Registered Member
This guy is responsible for collapse of FTX, his one tweet is what got the snowball rolling... then the Silver bank collapsed because in part of failure of FTX, and SVB followed hours later...

Wont be long before he is accused of being a CCP agent.
FTX was a mole for the US Establishment to get intel on Crypto industry's Big Players (given connection from SBF and the Clintons and other political elites); it was just as well US Elite corruption and Caroline Ellison's gambling destroyed FTX before they could steal market share from other exchanges. Still, the damage is done.
Besides, FTX tried to destroy Binance; i'd say CZ has every right to take that personally.

In the meantime, we're all getting a redux of 2008 GFC: Electric Boogaloo
 

9dashline

Captain
Registered Member
First Republic bank got a rescue package from JP Morgan Chase and the Fed. I seriously doubt the bank runs would just end here. More Crypto firms would explode. More banks would tank. Until heads will roll for such disaster, Wall Street bankers would continue to take ever greater risk as the payoff is huge and failure has no consequence as taxpayers would be on the hook.
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I been saying from the getgo that bitcoin is CIA and crypto is a way for US to extent the dollar hegemony... infact NFT was meant as an extention of cryptocoin itself! You see, investing in crypto is really just the buying and selling of artificial accounting units of another made up accounting system. Thats all crypto ever is, a glorified online excel spreadsheet that is globally synced via internet, aka a peer to peer digital general ledger.. no more and no less... People were buying and selling essentially cells of an excel workbook, at least in 2nd Life you got a piece of virtual land and during the tulip mania you got a tulip... Crypto is like trading futures contracts for a fictious flower that never even existed in the first place... Hence NFT was invented to give a purpose to crypto... but at the end of the day NFT is just the web 2.0 of the Star Registry scam... back when people were naming stars after their loved ones why paying someone to update a registry... it didnt prevent anyone else from viewing/enjoying the star, didnt give you ownership of the star, and astronomers didnt use the fake registry in the first place anyway..

Crypto was supposed to extent the petrodollar, and NFT was supposed to extent crypto... now its all collapsing in reverse cascading order...
 

Chevalier

Captain
Registered Member
I been saying from the getgo that bitcoin is CIA and crypto is a way for US to extent the dollar hegemony... infact NFT was meant as an extention of cryptocoin itself! You see, investing in crypto is really just the buying and selling of artificial accounting units of another made up accounting system. Thats all crypto ever is, a glorified online excel spreadsheet that is globally synced via internet, aka a peer to peer digital general ledger.. no more and no less... People were buying and selling essentially cells of an excel workbook, at least in 2nd Life you got a piece of virtual land and during the tulip mania you got a tulip... Crypto is like trading futures contracts for a fictious flower that never even existed in the first place... Hence NFT was invented to give a purpose to crypto... but at the end of the day NFT is just the web 2.0 of the Star Registry scam... back when people were naming stars after their loved ones why paying someone to update a registry... it didnt prevent anyone else from viewing/enjoying the star, didnt give you ownership of the star, and astronomers didnt use the fake registry in the first place anyway..

Crypto was supposed to extent the petrodollar, and NFT was supposed to extent crypto... now its all collapsing in reverse cascading order...
Whether or not that was its intended function, crypto has become America's Frankenstein's Monster and grown out of their control given enemy nations using crypto to skirt US sanctions and why the NSA has been at war against encryption since well before the Snowden Revelations. The digital Yuan for instance does nothing to serve US interests especially since the public will disdain any US Fedcoin or US CDBC.

Also, you know it's bad when Biden has to address this entire SVB thing first thing in the morning before markets open, cuz the Elites know there's gonna be massive dumping of stocks and massive runs on banks in the opening hours of the market:
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