Good morning everyone and good mood for the whole day!
Fillippone can you give me the lasagna recipe? This is a check if you have notifications for mentions.Warren Buffett: Athletes and celebrities are withdrawing money from US stocks to invest in bitcoin and cryptocurrencies.
Bill Gates: This is dangerous. What happens if institutional investors sell berkshire hathaway stock to buy BTC.
Warren Buffett: You and I would lose mountains of wealth my friend.
Paul Krugman: May I propose rebranding US stocks to be more competitive with crypto. Holders of bitcoin like to feel they're fighting the power and sticking it to the man.
Paul Krugman: Perhaps we can fool them into believing that pouring their money into stocks, which benefits wallstreet, will actually hurt wallstreet in some way.
Paul Krugman: I know this guy called wallstreetbets who might be interested.
Warren Buffett: We must do something to prevent capital flight from US stocks from migrating into cryptocurrencies. Make it happen.
Perhaps side tracking this for a bit, but my eye fell on the most recent article of Ben Hunt:
https://www.epsilontheory.com/hunger-games/While Ben has a way with words, I don't think everyone appreciates the 'wordy'-ness of his articles and the high esoteric lines he draws from the material causing the article to be written. Anyway, I found this particular article to miss a compelling message, namely, what should WSB actually do to make WS' life hard. The article sets us up for a grand answer but then completely fails to deliver. And that the system is rigged/corrupt is not a surprise either. I don't see the described paradigm shift.
But I mention it because it touches upon the element of 'flow'. And flow is very important.
Not the number (the price) is relevant, but the flow. If the flow stops, the system stops.
The Spice Must Flow.
It's flow that the Empire needs. If the Empire's flow is hampered by cryptocurrency, we can expect push back. And that brings us to the little imaginary conversation between Old Titans. The suggestion to tweak US securities/Treasuries just to maintain the flow
Remember the flow. If the flow goes down, the sh* will hit the fan.