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I can agree with that perspective. My concern is that when the grenade goes up there will be a ton of collateral damage.

Earlier in this thread I raised my concern about the potential financial damage to the banking system if/when the balloon went up on Crypto. The thought was that Crypto wasn't a big enough bomb to seriously hurt our financial system.

A couple of years later I'm not so confident about that.
 
This comes from the UK's 'Which?' once known as the 'Which? Magazine'. Article should apply in a similar way in Australia if not the same in this article. Surprising how some people are scammed? Though I've bought many legitimate shares that proved to be duds so probably the same applies to me.
https://conversation.which.co.uk/sc...1121&utm_content=Scam+alert+newsletter+141121

Nov 9, 2021
In this episode of #KeiserReport, Max and Stacy look at the economics of rug pulls and what that may look like on a global economy-wide scale. In the second half, Max chats to market analyst and Levy Institute researcher Marshall Auerback about inflation, shortages, and money printing.
 
Why it might not matter if Tether is a scam. (Until it is.)

Tether USDT is possibly a scam but it can remain valuable


Written by Cem Dilmegani​

Tether (USDT) is a stablecoin with a claimed value where 1 USDT equals 1 US dollar. Tether Limited, the centralized authority of USDT, has the ability to print tether and therefore is claiming to print something equivalent to US dollars. Tether is not a central bank, bank or regulated in any way by any country other than British Virgin Islands. It is not audited, has been fined by financial regulators for financial misconduct and revealed that its stablecoin is mostly not backed by the US dollar. Yet, tether still trades at about a dollar. Why?

Tether USDT is possibly a scam but it can remain valuable

research.aimultiple.com
 
they might also try to profit from them too
 

CEO Peter Wall and the Argo Team pay a visit to the Helios construction site in Dickens County, Texas.


CEO Peter Wall and members of the Argo Team learn about Dickens County, Texas, and have the opportunity to meet members of the community through the Community Event.


CEO Peter Wall and the Argo Team explore renewable power in West Texas at Argo's Helios facility in Dickens County, Texas.

Argo Blockchain - AIM: ARB NASDAQ: ARBK
 
Last edited:
shall check on this post (their posts) in 12 months


buythedip gangs are back out in force

am short (chart on the right)
 
peter2 said:
So, when there's a bit of panic in the equity markets. Where does the money go? Not to BTC or ETH, yep good old fashioned gold.
Click to expand...
Nah peter you're off the mark here.

Cryptocurrencies are correlated with inflation:




Lockdowns etc = economic armageddon = deflationary environment, hence bond yields dumping along with crypto.


Meanwhile:




As you can see, gold's been an absolutely nothing investment, not correlated to a damn thing. The only time you'll ever see gold run is when the USD takes a pounding like in the GFC, and even then, the USD was STILL the flight to safety vs other fiat currencies, gold was just even better.

The only time you'll ever make bank with gold is with a total anomaly. It's a nothing play.


Fact is the gold bugs nailed their supermodel in the GFC. They've just been deluding themselves into thinking there will be a round two ever since.
 
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