Coming soon to every country in the world:

"Vote for me, and I'll give you cash $$!"  

The guy continually outs himself as a fraudster.

In all of his writings, Satoshi never once self-referenced as a "company", or even so much as hinted at such absurdity.

You would think if CSW were to continue with this impersonation scam, he'd at least try to act or sound like Satoshi...  

BuT ThEy SaID ThErE iS NO rECEsSioN

This is incorrect. RO systems do remove 99.9% of bacteria from your water source.

https://waterfilterspot.com/reverse-osmosis-remove-bacteria/

-----------------

As far as store-bought bottled water goes, the only brand I would trust at this point is Aquafina.

But normally I just bottle up my own RO water from my house for road trips or around town. Saves money.

Elon treats cryptocurrencies like a bad punchline. The fact that he continues to post about DOGE just proves it.

This is why no one should take his dumb ass seriously about bitcoin, "crypto", or anything else for that matter.

The guy is just a total douchebag troll, not much different from CSW tbh.

That's cool. Does your water come from a well?

Great conversation going, guys. Keep it going!  

One thing I would comment on is that RO water is still going to be much better for you in the long run than tap. You can always eat well and take supplements to boost your minerals.

Case in point, my tap water comes from a natural fed aquifer and is around 85 ppm, which is pretty darn good compared to our country's standard average of 200-300 ppm for tap water.

But holy hell, you should see what my RO filters look like after just a year's time. Yuck! Dark brown and slimy. I'll have to take a photo and share it with you next time. I just imagine what that would cumulatively do to my internal system over the next 30-40 years. And god only knows what chemicals are in there.

My RO system filters my water down to 4-5 ppm. Tastes amazing and makes great tasting coffee. I just take plenty of supplements and eat lots of veggies, fruit, and lean meats.

"Past Performance Is Not Indicative Of Future Results"

Nah, at this point a 2008 style crash is extremely doubtful. Should have happened in March 2020 (actually it DID happen), but they printed trillions $$$$ to bail those world banks and corporations out and wipe away their debt/make them whole.

At this point they are just going to let all of the world's little mom-and-pop businesses and the ones that are heavily in debt either go bankrupt, or swoop in and buy them out for pennies on the dollar (if they have any worth at all). Small business collapse will continue, mergers will continue, and mass layoffs will continue. We are in the heat death of a slow burn, long term recession.

They will make sure that all of the world's major monopolized corporations and investment banks are well capitalized though. As cheap liquidity continues to dry up, it will flee away from risky or low/no return investment entities (as we have already seen with SVB, Credit Suisse, etc) and instead will run to and consolidate at these much larger, more favored companies and banks. Thus accelerating more high risk / small business collapse and bankruptcies.

Perhaps flushing out much of this mal-investment is a good thing. But there will be associated mass layoffs, reduced tax base, and reduced consumption.

I also think the stock market will continue to drift upwards YOY, even with high Fed rates, if nothing more that because inflation will continue.

Throw in a pivot on rates, and that stock rise will begin to accelerate.

The last time I glanced at the number of shitcoins on CMC, it was ~3000 or so.

Now it is over 23,000.

Holy fkn shit.

I guess they'll just keep pumping out the shit until the end of time.

When 1M shitcoins?

They've been saying this for 2-3 years now, and keep moving the goal posts. "Recession still coming?..."

No, we've BEEN in a global recession for years now.

It's obvious to, well, literally everyone that earns a paycheck and spends money.

If anyone can't see the global grift by now, they are completely blind.

It's global liquidity that's the problem. Countries don't want to issue bonds, print and devalue their currencies any more than is completely necessary. They've done enough of that already. And no trad investments are giving their corps or investment banks any returns whatsoever right now.

Everything, everywhere is deflating all at once.

So where are their investment banks and corporations going to get the money if their reserve banks don't print more at 0% rates? Only one place left: sucking it directly from their citizens' savings and investments.

Look at China. For over a decade they've been successful by closing off their citizens to any and all foreign/outside investment, and then providing them with only ONE localized investment vehicle (*cough Ponzi scam) left: skeletal, crappy hi-rise apartments built in the middle of BFE nowhere.

It's an IOU given for a completely worthless asset, in return for cash. It's actually worse than the worst of ponzis, shitcoins or NFTs.

And China's banks made a fortune by doing this. What a great model. So they think they'll be able to revive it and keep it going. Just look at 10-15 yr charts showing how China's household savings rates have plummeted and debt has risen.

What about other countries? Their citizens' banks will dry up like the Sahara.

Those digits you see when you log into your banking app and look at your balance? Well, they're just a mirage.

And don't even get me started on what SPACs were really all about...

Just some whales out hunting longs...nothing to see here, same shit different day.

I remember very distinctly when, right in the beginning of 2021 during the Covid bullshit, a major national grocery store near us scrapped all of their cashier lanes for self-check out lanes. _{(funny how they had those units ready to go right when the pandemic hit, huh? what perfect timing.)}

This grocery store employed mostly 50-65 year old cashiers for years and years.

I remember talking to one of them the week after the switch out, and they said, "No it's a good thing...contactless, faster checkout because people can bag their own groceries...plus our company promised we'd still all be able to keep our jobs."

And they were still there...for about a year. They would oversee/manage the self-checkout units instead of directly checking people out.

Now all those older employees are completely gone, replaced by clueless 20 year olds now.

I guess they can 'put their feet up' now, whether they wanted to or not.

"Keep our jobs, they said."  

All banking Ponzi scams eventually crash and burn. Lol.

I still think things will play out like I mentioned back in January:


The price is definitely going to be range-bound for a very loooong time as long as Fed rates stay this high. And I'm sure the Fed is LOVING all these new rounds of layoff announcements, hence rates will stay high.

Companies be like: "Hey...maybe if we lay off 8-10,000 employees like every few months instead of 100,000 all in one go, maybe over time no one will notice..."  

I think anyone asking how these Silicon Valley-based banks could fail, first needs to ask which banks were involved in all the over-hyped California-based SPACs (that have all crashed and burned) over the last couple of years.

Follow the fraud, follow the money.

Here, I'll start:

https://www.svb.com/blogs/silicon-valley-bank/why-spacs-now

EDIT:

Continental put out a statement today about its hundreds of SPACS, says they are SaFu in JPMC, Citibank, or Morgan Stanley.

https://www.spacinsider.com/news/headline-post/continental-spac-trust-accounts

Of course, they don't say if they indeed once had the account funds with SVB or SB and simply moved them. Could've happened anytime within the last couple weeks/months/year for all we know.

Man, soooo much social media effort being expended to bolster public trust and quell the public to NOT do a bank run.

But you know who is moving their money out of these smaller banks? The wealthy, that's who.

Which means in a bank that doesn't have enough cash on hand to cover all depositors, they will have even less now.


https://twitter.com/BillAckman/status/1635109889302315008

RIP Credit Suisse

"aLL SaVIngS DepOSiTs ArE SaFU"

Only one way to find out: pull yer money out, folks.