Yeah, they were going to send everyones stimilus money to these wallets but now it is starting to look like a way so to have them register for a Fedaccount so they can tax it to nothing.

...the bill said it would “Allow everyone to set up a digital dollar wallet, called a ‘FedAccount,’ a free bank account that can be used to receive money, make payments, and take out cash.” These FedAccounts would be accessible at local banks and post officer.

Nobody's working, stocks are up 6-8%.

Makes no sense.

...compensating losses in the form of “unlimited” money printing is causing alarm bells to ring for some.

Commenting on the Federal Reserve’s liquidity drive, Wall Street veteran Caitlin Long argued that “the last vestige of capitalism died in the U.S.”

“Fed's monetization US debt is now unlimited,” she tweeted on Monday.

On Feb. 25, Alipay published a patent detailing “a method and device for controlling digital currency accounts.”

The regulator will provide a control device installed at the operating agency, with which supervisors can restrict suspected accounts within predefined rules. This will allow the supervisors to circumvent the need to go through the operator, allowing immediate restriction.

Restrictions that can be applied include blocking one or more account operating authorities, prohibiting currency flows into and/or out of the target account, and freezing all funds held in the account.

On Feb. 25, Alipay published a patent detailing “a method and device for controlling digital currency accounts.”

The regulator will provide a control device installed at the operating agency, with which supervisors can restrict suspected accounts within predefined rules. This will allow the supervisors to circumvent the need to go through the operator, allowing immediate restriction.

There's no horror here: All those dollars should be exchanged for valuable bitcoins. With Bitcoin inflating at 12.5 btc every ten minutes I'm sure a stable price will be reached.

“Ever heard about ‘supply, demand and price’? What happens to price when you have infinite supply?”

    “1) Traders exit risk-on leveraged positions and sit in USD. Retail investors sell to USD for runway (hard times ahead). All assets crash against USD.

    2) After peak fear, best assets for hedging the times ahead rise in value (Gold 2008, Gold & BTC 2020).”

There are many who argue that Bitcoin cannot be a store-of-value based on its whipsaw volatility but valuable insight can be drawn from gold’s price action during the 2008 financial crisis.

Gold certainly doesn’t look like a safe haven after a 24% plunge in less than 2 months, even more worrisome is the fact that the S&P 500 remained flat during that period. Therefore, is it really fair to analyze any correlation over such a short period? Does that sharp movement in price invalidate gold’s resilience during market uncertainties?

Google reverse-image-search: it's from http://sa-news.com

edit: reading that site clears up my uncertainty about how Africa will handle corona. They won't. At all.

On my way back home, wife denied boarding to Canada despite marriage certificate and all visa documents. Booked another flight for her to her country in short order. Boarding at the same time at neighboring gates. Just as she steps through the gate to board her plane, I receive information that they've made a mistake and she's now allowed under the family exception.
 That's what I was trying to fucking tell you at the desk you imbecile!
No amount of protest can bring her back to the gate from the plane. I watch our planes depart in different directions. Some pure bullshit today. WTF

As we're bumping the topic, I guess it's worth mentioning seasteads would be a fantastic way to self-isolate, heh.  They'll be the latest trend after all this drama.   

I just cant imagine why would ETH rise to $5000. It is has no max supply, so its amount infinitely. Something that is infinitely cant gain value by itself. Take for example gold or bitcoin. With each day it becomes more rare, hard to find or mine. That is why there is believe that its price will go up. Speaking about ETH - it has lots of competitors. Its technology is no longer unique and ETH is not a monopolist on the market. The only reason in can raise - correction in price because of Bitcoins price growth.

One other tweet that made a lot of sense:

Anybody else getting waves of dread that don't really go away, but just get temporarily patted down by slightly noisier stimuli (a loud thing on the TV, a particularly funny tweet, a phone call)?

What's happening here locally is the emergency rooms are filled up with people who have questionable coughs, while people who are actually in dire need are being sent home because there are no beds. I disagree with an easy dismissal of this event. It's a mess.

Some dealers said an unusually high proportion of sales have been to first-time gun buyers.

“We attribute it mainly to the virus scare,” said Hyatt, whose gun store has seen sales increase 30% to 40% percent since late February. The presidential election and stock market fluctuations have also been driving business, he said, and the store is now selling more than 300 firearms a week.

“People have a little lack of confidence that if something big and bad happens, that 9-1-1 might not work. We saw it with Katrina,” Hyatt said, referring to the breakdown in emergency response after the 2005 hurricane on the Gulf Coast. “People haven’t forgotten that a disaster happened, and the government didn’t come.”

https://sharylattkisson.com/2020/03/new-the-first-59-u-s-coronavirus-deaths-by-state-and-age/

This thing is almost exclusively taking out very sick very old people. Most of these people would have probably died this year or next anyway.

Ill bet when this is over the global death rate will not be any higher than normal.

People talk about health systems being overloaded but this thing is just freeing up beds by taking out people who would be using hospital beds a lot in the coming year.

Covbull-19 is not to be feared. Asia has basically beaten it in a matter of weeks with about 5k total death.

Bitcoin getting stronger every day, it never panics.

“It is quite fascinating to watch how bad it’s performed,” said David Zervos, chief market strategist at Jefferies. “To see bitcoin off $1,400 in a day, that’s not going to give people a lot of confidence that it’s doing what it’s sort of marketed to do.”