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Historically, the Great Reset was correlated with NWO and a One World Government.
Its easier for ruling elites and special interests to control a single government. Than it is to try and control many different governments across the globe.
Billionaires and big corporations have always dreamt of a centralized and non competitive system of monopolies they owned that guaranteed the rich stay rich and everyone else stays poor.
Over time the vision may have adjusted and shifted to suit circumstances. Or it may have remained the same. Who knows what direction things will take in the future. But rest assured we have not yet seen the end game.
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It may be fair to say, in the USA the best daily fantasy sports sites are ones that are legal or don't block US residents. Fantasy sports are technically illegal and restricted in some states. Which leaves US residents with fewer options and opportunities to profit in comparison to residents of foreign nations. |
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It sounds like Bob Arum entered into a bidding war with Conor McGregor over who fights Manny Pacquiao next. Conor announced plans to box Pacquiao last year in 2020. And trained primarily with boxers in preparation for it. Bob Arum entering talks of promoting a fight with Pacquiao is a strange move. It could be an attempt to sabotage or obstruct Conor McGregor's negotiations with Pacman.
Bob Arum and Dana White have an ongoing feud as well. Dana blames Bob Arum for ruining boxing as a sport. Bob Arum is one of those long time boxing promoters who hasn't done much to promote boxing to young athletes. And so perhaps deserves some of the criticism.
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Who does not like BTCitcoin to scale which can manage hundreds and thousands of transactions per second but we are yet to find a solution but we have lightning network where you can send multiple transactions of that scale. The debate is not about master card accepting BTCitcoin so that we could survive, the discussion at that time was how to scale BTCitcoin  . What made the debate suspicious was many existing blocks at that time being 20% or less full to capacity. Many blocks were 1 MB. Containing only 200 KB or less of data. Followed by a disinformation campaign where block size was blamed for shortcomings of blocks not being utilized to their full extent. Followed by another disinformation campaign where what appeared to be bot farms spammed mass hysteria relating to a "block size crisis" across social media platforms and forums. |
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That’s a simplistic viewpoint, if that’s what you truly believe, and a very irresponsible “$1,500,000,000 experiment” for Elon Musk, and Tesla.
Tesla is a public company, it’s not the personal property of Elon Musk.
Back to the topic, how high is the probability that the U.S. will go through hyperinflation after BRRRR printing by the Fed? If the goal is protection against inflation and fiat devaluation. Its normal to invest a higher proportion than 1% of net worth into gold, silver, bitcoin. Investing 1% of net worth into inflation protected assets is like buying bullet proof body armor that covers 1% of your body. Yes it will provide protection. But is it the type of comprehensive protection someone would want in an emergency. Musk putting less than 1% of his net worth into BTC implies an impulse buy or small diversification strategy IMO. It is possible Musk is coordinating with Michael Saylor and others. Deals are being made behind the scenes. In exchange for Musk pumping BTC higher. But such would not amount to more than pure speculation on my part. Many investment and money gurus recommend listing home ownership and assets under a corporation they control. Many of Musk's assets could be listed under TSLA or another private sector entity.. A very high percentage of Musk's net worth is tied up in TSLA stock he owns. Which translates to Musk having the majority vote on topics that come up. Technically its a public company but Musk holds the controlling vote. As noted in previous posts, the fed says it is attempting to contain inflation by isolating it inside the banking sector. Stimulus spending however floods into public markets. It cannot be contained and is where most danger associated with currency devaluation and inflation stem from. |
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"Be your own bank." Is a common BTC motto and theme. One nigerian central banks have apparently decided to test.
The question is whether nigerian banks provide a valuable and irreplaceable resource to nigerians. Or whether their industry is non essential and can be replaced by progressive & emerging technologies.
If nigeria can replace every service central banks provide with crypto and localbitcoins. Their ban may not be very effective. It could even hurt their business due to negative publicity and public sentiment.
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Bumping this in response to Andrew Yang and new york announcing plans to become a cryptocurrency hub.
This announcement of new york launching blockchain initiatives was made in 2018 and appears to have failed.
New york taxes and regulation could be too high to cater to new business and emerging technologies like BTC.
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Right wing florida recently announced plans for becoming a low tax, cryptocurrency, tech industry, haven.
In an effort to remain competitive, left wing democrats like Andrew Yang, in left wing new york. Have to claim they're capable of doing the same.
Its a classic example of state versus state competition to attract investors, business and jobs.
Both left and right wing politics claim they will create a better and brighter future for those they represent. This is real world competition between the two sides playing out. A roadmap for which side follows through on its promises.
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What's the connection between IMF and World bank policies in Africa and the Nigerian central bank crypto ban? Hungary receives rescue package, with strings attachedOct 2008 International Monetary Fund, European Union and World Bank join together for Ł15.38bn bail-outThe International Monetary Fund, the European Union and the World Bank announced a massive rescue package for Hungary today, in an attempt to save central Europe's former economic powerhouse from bankruptcy. https://www.theguardian.com/business/2008/oct/29/hungary-economy-imf-eu-world-bank .... Hungary Asks IMF to Leave The CountryJuly 15, 2013 BUDAPEST—Hungary's central bank on Monday asked the International Monetary Fund, which helped rescue the country from the brink of insolvency in 2008, to close its Budapest office, as authorities here seek to reassert their sovereignty ahead of national elections next year. https://www.wsj.com/articles/SB10001424127887323664204578607792869637804 .... I think news stories above summarize the relationship between IMF & world banks. And the situation in nigeria accurately. Hungary booted the IMF out of their country in 2013. For the same reasons nigerians could want the same policy implemented in 2021. |
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I was wondering what could happen from an economical point of view if they (or any other corporation) did this and suddenly wanted to manipulate markets using false coins. What could PayPal do to BTC? If anyone is ever bored search engine keywords: paypal horror stories. There are many paypal horror stories posted on the internet. Many stories of paypal canceling accounts for trivial reasons to confiscate the holdings of its clients. If those stories are true, would it really matter much if paypal engaged in illicit activity? If the stories are true, they may have done so for years, without being held accountable or having their user base take action. Perhaps a question we can ask is, what action can people reasonably take if paypal abuses its role. |
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While it’s great that Elon Musk and other companies are HODLing bitcoin, but don’t you think that there is more into their FOMO, than profit? Are they actually hedging against the current financial system? If the answer is yes, are they expecting an major economic crisis after the COVID-crisis?
https://www.youtube.com/watch?v=YAtLTLiqNwg44:02 - Elon Musk says short sellers tried to destroy TSLA stock twice. He makes a few interesting points on short selling earlier in the clip. His view of short selling might be described as a design or structural flaw of markets. Which could imply a desire to insulate or distance a portion of his holdings from said markets. I would guess its an experiment coupled with Elon Musk's love for memes and trendy cool things like BTC. Elon Musk's net worth is calculated at around $200 billion. TSLA purchasing $1.5 billion in BTC amounts to less than 1% of Musk's net worth. A mountain of an investment for normies like us. But for Elon Musk it won't affect his finances. |
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On February 10 Mastercard released news report on their website claiming that they are working on adding cryptocurrencies onto its network. Anyone remember years past. Bitcoin scaling debates. Mass hysteria. Over excited randoms claiming bitcoin needed 2+ megabyte block sizes to have a prayer of competing with mastercard. Many saying bitcoin could manage 5 transactions per second. While credit cards like mastercard can execute thousands of transactions per second. It was strange how many coordinated @ simultaneously to make identical arguments. Almost as if bot farms were broadcasting the same message over multiple accounts across the internet. My how the tables have turned! In the past, Roger Ver and others said bitcoin's key to mass adoption was to emulate credit card networks so bitcoin could be utilized to buy a cup of coffee. Now we have mastercard striving to be more like BTC and cryptocurrencies. Paradigm shift. Historic moment. |
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Tesla recently announced their $1.5 billion investment in Bitcoin - but there was something else they mentioned that slipped under the radar. Join Mike Maloney and Jeff Clark as they discuss this stunning event, and what it may mean for gold and silver investors. https://www.youtube.com/watch?v=RfX2rmmBNwcElon Musk liked this on twitter. That must mean its legit?: https://twitter.com/mike_maloney/status/1359524936042356737  .... What everyone missed(?): "Tesla may invest portion of cash in some alternative reserve assets including digital assets, gold bullion, gold exchange traded funds in future". Mike Maloney and Jeff Clark combined have decades of experience professionally trading precious metals like gold and silver. One interesting point here is both being in agreement on silver markets being manipulated by short sellers and ETFs. They seem to indicate that ETFs only hold a fraction of the assets they publicize holding, the way fractional reserve banks do. Which is something I was not aware of. Another interesting point is their description of central bank and federal reserve stimulus injections, into markets, potentially having diminishing returns. Which could foretell a long term effect of the gamestonk effect. If indeed market movements as a result of combined investment effort deplete over time, while inflation and stimulus spending ratchet upwards. |
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.... Interesting development: .... Does anyone get the feeling JP Morgan is inaccurate here. The natural scenario appears to be one where most flock to BTC and crypto in the near future. If inflation rises. Prices trend upwards. And concerns about lockdowns coupled with stimulus spending mount. Employees and the private sector will naturally embrace previous metals and BTC in an effort to insulate themselves from negative effects associated with fiat devaluation, inflation and stimulus spending. I remember a time around 10 years ago when many europeans thought the EU would fail and euro would devalue due to concerns about greece. Many in europe bought big screen TVs and other items, to retain the value of their money, expecting the euro to crash. I would be interested to know why JP Morgan says history would not repeat itself here. |
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But Still the USA dollar is most Common used in trading Crypto.
If USA dollar is so weak Why we dont use eur based stable coin? Export heavy economies sometimes favor a weak economy. Corporate profits are determined on a per unit basis. Ford and chrysler might profit $4,000 for every car (unit) they sell. If their currency is weak, it allows the private sector to sell more units, which translates to greater revenue and profit. This is something china is notorious for with devaluing their yuan fiat. Of course, weak currency also translates to reduced purchasing power for consumers and so resembles a doubled edged sword. Where its good for corporate profits but not so great for consumer buying power. America lacks the manufacturing and export base china has, to make currency devaluation worthwhile. In this case, projections of a weak dollar are a mirror reflection of future projections of the US economy being weak. |
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August 23rd, 2016 For the longest time Africa has been labelled the impoverished continent with unforgivingly big debt corrupt leaders and failed leadership. For our part, we have largely apportioned all the blame on neo-colonialism and forgotten to take responsibility for our own misgivings. However, the greatest failure has been the ignorance of the West to its own contribution to this poverty that had been reduced to a catch line on television. The IMF and the World Bank’s Washington Consensus, the neoliberal policies these two institutions promoted have not yielded the results they were billed to yield. If anything, these two institutions have been at the fore-front of the systematic destruction of African economies. It is only now that their Highly Indebted Poor Countries Initiative has been seen to attempt to rectify past wrongs but the program has only impacted 36 countries in the world, and is this enough? The danger of Structural Adjustment Programs to Agriculture in AfricaThe Structural Adjustment Programs of the IMF and World Bank’s results in Africa have been far from desirable. In essence, they have caused the much publicised poverty. Though put in place to start a spiral of growth and prosperity, Foreign Policy in Focus says “structural adjustment saddled Africa with low investment, increased unemployment, reduced social spending, reduced consumption and low output, all combining to create a vicious cycle of stagnation and decline.” The IMF and the World Bank have pushed for economies where the government has less control over the market. This is the main theme of the Washington Consensus and the hope is where governments are pushed out, private players will come in, offering competitive alternatives which could not have seen the light of day before. Though theoretically sound, in practice, the IMF and World Bank cooked up a suicidal approach to African economics. For example, in agriculture, the two institutions encouraged that governments scrap subsidies and lower agricultural research. The Economist, a normally pro-private sector publication admitted, “But many of the private firms brought in to replace state researchers turned out to be rent-seeking monopolists.” In the 2008 World Development Report, the World Bank itself admitted to structural adjustments dismantling the elaborate system of public agencies that provided farmers with access to land, credit, insurance inputs and cooperative organisation. The Bank further admitted the expectation was that removing the state would free the market for private actors to take over which would in turn reduce state costs, improve quality and eliminate bias. However, the Report says, “The private sector emerged only slowly and partially- mainly serving commercial farmers but leaving smallholders exposed to extensive market failures, high transaction costs and risks and service gaps” The aggregate of all these problems the Bank and the Fund created, is a less competitive African industry while the United States of America and Europe subsidise production and sell their produce at a fraction of the cost of African products. The more the IMF encourages this structural adjustment, the more it weaker and opens it up the market to Western invasion. This situation is exactly what then US Agricultural Secretary, John Block hoped to create in 1986 when he said, “The idea that developing countries should feed themselves is an anachronism from a bygone era. They could better ensure their food security by relying on U.S. agricultural products, which are available, in most cases at lower cost.” It is all too clear now that through these structural adjustment policies, Africa could have become a glorified market for the U.S.A. and her friends. The IMF and World Bank’s disrespect for African governmentsThe IMF and the Bank have not only dealt with African countries but have been known to have influenced policy reforms in Latin America and Asia. The approach was somehow different in these regions as the institutions advocated for the removal of the state from the economy and managed the process from above. However, in dealing with Africa, their strategy changed. Instead of the traditional macro-management, the institutions have been seen to go down to the smallest details of the processes the call for. A particularly worrisome example is Malawi in 2002. Then President, Bakili Muluzi accused the IMF of forcing Malawi to sell its grain reserves just before a devastating drought resulting in untold suffering in the country. The IMF is said to have instructed Malawi to sell maize from strategic reserves to enable repayment of commercial debts. The National Food Reserve Agency of Malawi ended up selling almost all of its grain and when the drought hit the country, there were no reserves to cushion the country leaving around 3 million people exposed. Why did the IMF go down to the specifics of what to do yet such brazen arrogance was never seen in Latin America or Asia? This disrespect for African governments is problematic and cannot be tolerated. Citizens elect their governments and not the IMF. Where these governments want to go through with the World Bank or IMF’s structural adjustment programs, the direct implementation should be left to the government structures. Micro-management is disrespectful. The Fund and Bank’s involvement in Africa has come with increased debt in most countries. It maintains the status quo in global affairs. These institutions help keep poor countries poor. When they succeed in transforming countries from their debt ridden third world statuses to better fortunes, then maybe there will be a legitimate case for their existence. The Highly Indebted Poor Countries Initiative is hopefully a step in the right direction but as it stands, the IMF and World Bank are not two institutions to trust with African economies. It is either they are grossly incompetent to deal with their complexities or they are a part of some ploy to serve Western interests by destroying African economies. https://www.africanexponent.com/post/7838-how-world-banks-policies-are-destroying-african-economies.... I think this is content more should read to put the central bank of nigeria crypto ban into perspective. The narrative of events illustrated here is one puzzle piece which can help to understand the complete picture. Similar items which led to the destruction of african economies are being implemented in the united states now. Leaders say they will do something that benefits everyone. Details of it will be implemented in a way which carries an opposite effect. Minimum wage in the USA is a good example of this. Many american restaurants and businesses are heavily stressed by high taxes and bad regulation. Which guarantee they will file for bankruptcy if the minimum wage is lifted. Higher minimum wage is promoted as a good thing which will benefit america. In reality, its implementation in california has only destroyed businesses and killed jobs. Can these measures be attributed to incompetence or malice is one question. But there are many others, which may be answered in time. |
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I wonder if this could represent bad strategy on the part of nigerian central banks. They do not hold a monopoly over the majority of crypto markets which would make a ban effective. This may only alienate business and consumers. Drive nigerians to business rivals of banks (whatever the nigerian equivalent of localbitcoins is).
AFAIK bitcoin processes transactions faster and with lower fees than nigerian banks do. The only thing central banks may accomplish here is forcing their user base to try bitcoin and realize nigerian banks may be unnecessary and perhaps even obsolete in contrast to emerging and new technologies.
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a lot of the miners are situated in countries with cheap electricity and looking to exploit every edge, but in my opinion the future is in renewable energy and reducing carbon emissions. Countries with cheap electricity afford to sell power at low prices via operating hydroelectric, geothermal and "carbon neutral" sources of energy. Hydroelectric, solar, geothermal and "carbon neutral" power being cheaper and more affordable than coal and fossil fuels. Bitcoin miners throwing large sums of money at renewable sources of energy helps fund the expansion of clean sources of power around the world. If we ever become serious about limiting greenhouse gas emissions. Someday we will address landfills, oil and gas refineries and other normal everyday things which significantly contribute to climate change on the planet.  Methane emissions could actually be far worse than carbon emissions in this. Methane trapping exponentially greater amounts of heat per gram than carbon. |
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Nigeria's banking industry technology could be old, outdated and obsolete. It could run on legacy hardware and ancient systems literally from decades ago. Nigeria's banking networks could be inferior to bitcoin and cryptocurrencies in every way. While some might view these bans as power moves. They could be motivated by desperation, instead.
Banks run a risk of alienating not only their base utilizing BTC. But their normal non crypto using clients as well.
They might have forgotten their success revolves around empowering customers and providing them solutions to problems.
Creating more problems for society, by implementing bans, goes against the grain. Closing doors is a boner killer to business and daily living that the public may not tolerate for long.
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