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Anti trust is a strange thing. Western powers in the USA and europe will happily penalize their own native business in the name of anti trust. While russia and asia would never do such things to harm their own private sector.
If someone cared enough about this to read news stories about anti trust lawsuits and fines over the past 20 years. They might realize anti trust suits are exclusively utilized to penalize and punish only western business.
In this case, india may have realized they can improve their smart TV manufacturing market share by filing lawsuits against american smart TV manufacturers. Normally, the USA would retaliate to protect its own market share. Trump would probably not allow india to attack american businesses without retaliation. With Biden and Harris in office, things could be a little different.
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An image of a giant Q was posted on John McAfee's instagram account after his death. Which could mean John McAfee was Q of QAnon fame.  .... I don't know much about him aside from mcafee antivirus. There could be a massive amount of history and information relating to John McAfee and his battle against the deep state we'll never know about if he was indeed Q of QAnon. Julian Assange and Edward Snowden both have stories that are well known and publicized. I would be interested to know what John McAfee's story is. It seems McAfee is more hated than either Assange or Snowden. He must have done something to earn that. |
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If inflation is 3% to 10% per year. Wage growth is a flat line. The rich pay far lower percentage taxes than you do, while having access to better financial and investment opportunities. In a sense, the game is stacked against you. Playing the game is an automatic loss if its rigged. Sometimes the only way to get ahead is to take risks and learn from the process. Until finally you end up with something that allows you to win.
Taking risks doesn't have to be a huge gamble with crippling losses should things go wrong. Starting small is acceptable. Trying something new. Doing something you've never done before can produce big rewards.
Many said coins like btc and doge were too big of a risk to bother with. Taking a small risk, being in the right place at the right time, can be a good way to get ahead.
The highest percentage of new millionaires and billionaires are those who took a risk with with mobile app, youtube career or some side project that guaranteed nothing. Apple started with 2 guys taking a risk building PCs in their garage. Google started with 2 college students taking a risk, running a search engine in their garage. Amazon started with Jeff Bezos taking a risk trying a business retail model no one had done before.
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Its a fundamental question of supply and demand. If gold were as plentiful as the sand of the world's beaches and deserts, the high supply would greatly diminish its value. When fiat is overprinted, the same effect occurs. Exclusiveness is a factor in determining value. A limited edition run of 200 units of gold or silver coin. Would probably be more valuable than a limited run of 20,000 units. We see these trends with collectibles. The more scarce and rare a collectible is, usually correlates with higher value. A stable supply of fiat will retain its value. While an overabundance of supply (massive printing volume) can carry the opposite effect. Higher denomination bills are mainly printed when it becomes inconvenient to haul truckloads of bills to pay for basic items like loaves of bread (as occurred with zimbabwe hyperinflation, pictured below) with current denominations in use.  |
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Does this surprise anyone? Asset seizure has become a regular occurrence in the United States. Anyone remember what happened to user BurtW? And this is not just the case with US, but with almost every country in the world. Nowadays a lot of the regimes think that being successful is a crime. If you have a few hundred thousand USD worth of savings, then you are automatically being labelled as a criminal. And more so, if you are keeping your assets away from the banks and stock exchanges.  https://www.washingtonpost.com/news/wonk/wp/2015/11/23/cops-took-more-stuff-from-people-than-burglars-did-last-year/I completely forgot about this until you mentioned it. Every so often the media will publish a story about $10,000 in savings, stashed in a mattress being devoured by termites. Or a family's life savings being lost as a man's wife did not know he had hidden it in something she threw away in the trash. I always wondered if those stories were true, or contrived. Intended to discourage people from not putting their savings in banks or financial institutions. I find it interesting as many appear to believe cryptocurrencies are not safe. But that traditional safety deposit boxes and banks are. Despite many recent events suggesting the opposite. |
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The FBI wants to keep $86 million in cash and millions more in jewelry and other valuables seized in a raid on a Beverly Hills, California, safe deposit box business, even though a judge specifically said the contents of the boxes weren’t up for grabs. Prosecutors claim it’s fair to make the renters of the 369 safe deposit boxes forfeit their valuables, because they were engaged in criminal activity, the Los Angeles Times reported. But there’s no evidence to support the allegation. The box holders and their lawyers say the FBI is trampling on the rights of people who were unaware the business, U.S. Private Vaults, was charged in a sealed indictment with conspiring to sell drugs and launder money. The warrant that US Magistrate Steve Kim signed on March 17 giving permission for the FBI to raid the business even said, “This warrant does not authorize a criminal search or seizure of the contents of the safety deposit boxes.” If the FBI wanted to search the boxes, it needed to meet the standard for a warrant of probable cause that evidence of a crime would be found. But agents rifled through about 800 boxes anyway, filming their searches and bagging the property as evidence even when the holders were unknown and not suspected of crimes. Now, the government is trying to keep the cash, gold and silver bars, pricey watches and even $1.3 million in poker chips from a Las Vegas casino. The government “can’t take stuff without evidence in the hopes that you’re going to get it later,” Benjamin Gluck, an attorney who represents box holders suing the government to retrieve their property, told the Times. “The Fourth Amendment and the forfeiture laws require the opposite — that you have the evidence first, and then you can take property.” “We have some basis to believe that the items are related to criminal activity,” Thom Mrozek, a spokesman for the FBI’s LA office, told the Times. The contents of about 75 of the 800 boxes initially seized have already been returned, and at least 175 more will be given back, Mrozek said. The feds haven’t figured out who owns what was stored in many of the others. The indictment says U.S. Private Vaults marketed itself to attract criminals who wanted to store valuables anonymously and hide from tax authorities. One of the company’s owners and a manager were involved in selling drugs and co-conspirators helped customers convert cash into gold to evade government suspicion, the Times reported. But box owners like Joseph Ruiz, who kept $57,000 in cash from two legal settlements there because he doesn’t trust banks, say the government is stealing their money. “I’m made out to be a criminal, and I didn’t do anything,” said Ruiz, the son of a retired Los Angeles police officer, told the paper. “I’m a law-abiding citizen.” Ruiz has joined one of 11 lawsuits filed by box owners seeking the return of their property. https://nypost.com/2021/06/12/fbi-aims-to-keep-valuables-86m-cash-found-in-safe-deposit-store-raid/.... Interesting story here. The FBI confiscated more than $86 million dollars worth of money, valuables, jewelry and items stashed in safety deposit boxes, in a raid. Despite a search warrant which expressly forbid them from confiscating anything contained in the boxes. This happened in los angeles. Of course, this being america there were lawsuits filed. But it seems the FBI and the state have no intent to return much of the stolen items. Despite them not having filed lawsuits against the holders of the property or providing evidence suggesting any of the assets were involved with illegal activity. There have been claims of the DEA (drug enforcement agency) confiscating $100,000 from the safe of legal medical marijuana retailers. Without the lost funds being returned. But this is on an entirely different level with more than $86 million confiscated. Not from fringe operations like legalized weed. But from middle class or wealthy americans, who don't seem to have been involved with anything illegal or sketchy. |
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As the title says I'm curious what's the real reason for the decline? .... Bitcoin Plunges More Than 11% After China Bans Cryptocurrency MiningBitcoin's slump continues now that the Chinese government has shut down cryptocurrency mining facilities, wiping out about 90% of mining capacity in the country.Last week, it was announced that the Chinese government would implement a ban against cryptocurrency mining, which was extended this weekend. The Chinese authorities ordered the closure of the facilities where this activity is carried out, which resulted in a strong fall of more than 11% in Bitcoin (BTC). This Monday morning, June 21, Bitcoin reached a minimum price of $31,830 per unit, according to data from CoinMarketCap. Just a few hours earlier, during Sunday afternoon, the cryptocurrency was trading at $35,945, which means a drop of 11.45%. Last week, Elon Musk said that his company Tesla would accept Bitcoin again when cryptocurrency "miners" used more clean energy. The announcement triggered a rebound in the price of BTC, which even surpassed $40,000. However, it did not stay there long and is getting further away from its all-time high of more than $64,000 on April 14. Regional governments in Chinese provinces have ordered the closure of cryptomining facilities and ordered power companies to stop supplying power to all mines before Sunday. Local media reported that electricity supplies to all cryptocurrency mines in Sichuan province were cut off at midnight Sunday. Cryptomining in China fuels nearly 80% of the world's cryptocurrency trade. With this ban, the government ends about 90% of the Bitcoin mining capacity in the country. The Chinese government's restrictions against cryptocurrencies began last May when it prohibited all financial entities in the country from carrying out transactions with digital currencies. Analysts point out that all these measures are likely related to China's intention of launching its own official cryptocurrency, with which it can control transactions and prevent capital flight, investment and tax collection. https://www.chron.com/business/article/Bitcoin-plunges-more-than-11-due-to-Chinese-ban-16263143.php This latest crackdown on crypto mining by china, which fueled this latest big crash. Appears to have caused chinese mining operations to begin relocating outside the country. While it is devastating in the short term. It may have costed china much of its influence in cryptocurrencies over the long term. China can only kill off their crypto mining industry once. Before they'll have to look at other methods of manipulating crypto markets. While not great. This could be a hard positive for crypto over the long term. China also had involvement in bitcoin's previous crashes from ATH in 2017 and 2013. |
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he is now retired but he gave an example of a fight that he thinks was a fix fight particularly the match between Pacquiao vs Bradley and he says here that in the mind of Pacquiao was that everyone can see that I will win this fight so it's not going to hurt him. Manny will still be the best money maker after this loss. It does mean like Manny was also being arranged. Pacquiao being robbed by judges parallels GGG being robbed vs Canelo, twice. Manny Pacquiao stopped fighting in Las Vegas for years after his controversial loss to Bradley and controversial coverage of his fight vs Floyd. Which seems like silent protest on his part towards how he was treated. all i can say is that Mayweather vs Logan must be a fixed fight as well which everyone won. Mayweather didn't get the loss record and also Logan but everyone got the money and most probably the Mafia as well in sports betting.
The way Logan Paul unloaded everything he had on Floyd in round 1 says it wasn't a fixed fight. Floyd didn't hold back, either. Logan Paul's 40 pound weight advantage on Floyd helped him survive. He denied Floyd the chance for a finish with the constant holding and clinching. |
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I am not sure how true this story is. Did he really renounce his US citizenship just because of Bitcoin?
Or there are other reasons that might have led him to take an action like this? It helps to know how restrictive US regulation is. In some US states, its illegal to play fantasy sports like fanduel or draft kings. Americans are banned from crypto exchanges that allow trading on leverage. Banned from using the best sports gambling websites like pinnacle. Banned from buying or using stablecoins like tether. Banned from using crypto ETFs which are available in europe and elsewhere in the world. Being an american citizen by default ties your hands and prevents you from using many of the tools, platforms and assets needed to make money. Then you get hit with high taxes that are only getting higher. And inflation that isn't going anywhere positive soon. Its becoming common for americans in finance renounce US citizenship and move to puerto rico for its 4% income tax. Which could be part of the reason behind Biden's latest push for global tax initiatives. Many wouldn't think twice about paying $200,000 to renounce US citizenship and acquire citizenship elsewhere. There are many doors that open, and new opportunities that can be had. By no longer being under crippling US taxes and regulation. I would imagine something similar is happening in china, with those seeking to escape crypto bans. There have been reports of chinese moving their crypto mining ops to other countries to escape the ban. It will be interesting to see what steps if any the US and china take to try to cut down on capital and business flight. |
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Bitcoin is, for many, the first opportunity to store wealth in a safe and secure manner, without outside manipulation. El Salvador’s decision to use bitcoin as legal tender in their country was recently celebrated by bitcoin HODLers around the world. Yet the International Monetary Fund (IMF) quickly expressed concerns about the legality of doing so. Was this simply a matter of traditional financial institutions guarding their fiat turf from bitcoin, a digital asset they don’t understand? How can bitcoin and its blockchain technology facilitate financial inclusion and benefit 1.7 billion unbanked people throughout the world? While the pandemic greatly accelerated the digitization of assets as stores of value, it also hampered the ability of traditional regulatory and legal bureaucracies to match the pace of bitcoin’s rapid evolution into the premier digital asset of choice. Understandably, those in control of the legacy banking system have cause for concern, since Bitcoin’s decentralized ledger exists outside the control of the traditional international financial system. Computer code runs to validate peer-to-peer trustless relationships that extinguish the need for a bank’s existence. Bitcoin is a digital asset that is more nimble and better designed to meet the needs of unbanked people than the old institutions that failed them. While many of us will use traditional banks in the foreseeable future, Bitcoin has undeniable societal benefits that increase financial inclusion. First, bitcoin is useful for remittances and can act as a quasi bank for the unbanked. Reducing both transaction fees and times vastly improves cross-border payments. Instead of using a money transfer company, a worker in New York might use a service that transfers U.S. dollars into bitcoin and enables a family member in a receiving country to “withdraw” bitcoin, USD, or a local currency. Because anyone can use the blockchain there's no need to send payments through a bank or money transfer service. In general, remittances are cheaper and faster with bitcoin than traditional options. In countries with a weak banking infrastructure, a person can download and use a bitcoin digital wallet using their computer or cell phone. Each public key represents a safer way for users to send and receive bitcoin for day-to-day transaction of goods and services and to pay others. It can also serve as a store of value against local inflation and their country’s currency devaluation. In this way, Bitcoin can serve as an informal banking infrastructure of its own, beyond being used simply as a remittance system. This is important in areas that have little or no access to formal financial systems because of traditional banks minimizing their exposure there due to illicit activities that have limited or forced out local law enforcement. Bitcoin fixes this by providing a secure, convenient way to access financial markets. To be sure, bad actors create a national security concern for the United States. They can and do prey on vulnerable populations to hide the financial transfers of criminal networks. However, the benefits of opening up access to global markets for over 1.7 billion unbanked individuals is worth managing the risks by increased vigilance and monitoring of the blockchain. Delivering on the power of bitcoin goes beyond its store of value as a digital asset. The technology of the Bitcoin blockchain can assist sustainable development through a set of services such as smart contracts for crop insurance, the digitization of supply chains and micro-scale international commerce. As the use of the Lightning Network and Stacks 2.0 becomes more prevalent, people will find innovative ways to provide more inclusive access to economic opportunities in global markets. While there are infrastructure issues such as internet access and electricity that must be addressed along the way, resistance to organizational change by entrenched, old power structures must be constructively handled with laser focus. Both traditional fiat institutions and widespread bitcoin digital asset usage can co-exist and succeed where outdated models of past economic policy failed. It’s time for international banking systems to adjust to a future where they can “walk their talk” of financial inclusion rather than serve financial privilege. We can harness the pure energy of Bitcoin in a culturally appropriate way to help others achieve a transformative future, while avoiding the mistakes of the past. https://bitcoinmagazine.com/culture/how-bitcoin-improves-financial-access-and-inclusion.... If diversity is important. We should support a greater diversity of currencies and digital assets. Multiassetism. Is that even a word. Would diversity of assets fall under a typical diversification heading. Bitcoin catering to and improving the lives of a claimed 1.7 billion unbanked demographic sounds impressive. It could mean crypto carries a potential to help the average person living in poverty more than all of the charities in the world combined. Without applying effort, already we can see there are positive angles to bitcoin and crypto which our media neglects to cover. Without venturing into bitcoin being one of few inflation protected assets which are accessible to lower income brackets. Isn't it strange how emerging trends and technologies which elevate our standard of living are discouraged, attacked and crashed by special interests. While technologies and trends that have the opposite effect are endorsed at high levels. Some pride themselves on believing crypto to be unsafe. But with endorsement trends at high levels falling against the self interests of many. Perhaps there will be no safer ground to be found. |
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This is the content of the Tweet“Many of those misbehaving today are too young to be aware of the destruction and loss of lives that occurred during the Nigerian Civil War,” he wrote in the now-deleted post. Those “who went through the war, will treat them in the language they understand.” IMO , the tweet isn't really addressing the issue why the group is agitating but it is rather a reminder of the gruesome killings of the souls in the region. So what do you think about the president tweet and the action of twitter to pull down the tweet which has resulted into consequent banning of twitter in Nigeria.  Although can be accessed through VPN. Now, a new blog. Koo has opened in Nigeria to replace tweeter shortly after it was ban. What do you think the financial losses will go ? Though banning of tweeter is a threat to freedom of speech and association and some legal bodies have petitioned the Nigerian government in ECOWAS Is he saying the african youth of today are too young to know the violence of the nigerian civil war. He plans to speak to them in the language of (civil war) violence as it is all they will understand. That's messed up. I'm surprised he was banned for that statement. There are terrorist groups active on social media who are not banned for making threats or statements. Countries banning social media seems intended to restrict and control flow of information. Similar to how social media accounts of mass shooters are deleted to make it easier for media to control the narrative. A few years ago there was an iranian woman who shot at youtube headquarters with a gun. She had a webpage where she complained youtube paid her less than $1 dollar for more than 300,000 views. Her social media and website were quickly shut down to prevent this type of information from leaking to the public. To enable the media to spin whatever story they wanted. I would guess that nigeria's president made an arrangement where he requested twitter ban him. To give him an excuse to ban twitter. To make it harder for nigerian's to come into contact with news and information outside of what the nigerian media publishes. Russia and other nations are implementing similar measures. His statement wasn't severe or offensive enough to merit a ban on its own. |
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The last 10 years could be portrayed as an interesting contrast between inflationary, debt driven, models of economic growth. And our beloved cryptosphere which generated considerable economic growth through purely deflationary methods. Cryptos achievements and growth came without incurring high amounts of debt or inflation many economists and financial experts say are necessary evils for private and public sectors to function.
Bitcoin amassing approximately $1 trillion in market cap, without incurring debt. Is an amazing achievement by any standard or unit of measurement. I wonder what crypto could accomplish if it wasn't under constant attack by china and special interest groups. There could be an ongoing struggle between emerging technologies like crypto which grant end users greater options and opportunities in life. And special interests who wish to reduce the options and opportunities people have access to.
Of course, there are many side stories and spinoff narratives. The timing of CEO's selling off large portions of their stock holdings. Investment recommendations giving bad advice seemingly to make it easier for CEOs to unload their overpriced assets. The fed signaling its intent to raise rates.
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The answer is a factor of class warfare.
Self interests of the wealthy are aligned with paying workers as little as possible, for as much work as possible, to maximize their profits.
While self interests of the 99% are aligned with wanting to be paid as much as possible, for as little work as possible.
The majority of political, economic and financial conflicts can be defined by class warfare between creeds. Struggles between the 1% and 99% whose self interests are naturally opposed.
How well either demographic communicates, organizes and cooperates to achieve these shared goals, defines wage and wealth equality. Which (in general) defines how many options and opportunities the average person has. And many other circumstances.
Workers paid little, despite hard work, over long periods of time is (generally) correlated with a low capacity to communicate, organize or cooperate. As well as high levels of corruption, communication and organization among the ruling class. Of course there are other variables which are relevant here. Which can sway balance in one direction or the other.
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https://www.youtube.com/watch?v=FpFVNZMC2NsCrypto Tips: How and Why I Renounced My U.S. CitizenshipExcellent info on renouncing US citizenship. He says it costed $200,000 for he and his wife to acquire citizenship in the caribbean. He paid $2,350 to permanently renounce US citizenship and was required 2 interviews where they informed him of the conditions of renouncing citizenship, then confirmed he made the choice of sound mind and body without being coerced into the move. A part of the move, he says was due to the united states having severe limitations and restrictions on cryptocurrency finance. Perhaps an indication of how negative regulation on crypto on the part of china and the US will contribute heavily towards capital flight outside their borders in the future. (Hence the Biden administration's proposal for global tax rates) This is some of the best content I've ever seen published by anyone in the crypto sphere. Well worth watching imo.
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Inflation eats up any store of value in cash or cash equivalents. It is always in favour of the debtors and against the lenders, since paying any debt with weak money is much easier (if in doubt, just consider that you have a debt in Venezuelan Bolivars.
Thus, when inflation strikes the wealthy cannot just sit on the cash, they have to buy assets and that implies a certain risk. I think you answered your own question above between both bolded portions. The logical solution is to be a debtor. One who owns banks, which in turn owns many assets. Or for those who believe central banks are privately owned institutions. The best arrangement, in theory, is to own a (privately owned) central bank. Its even better, if your central bank expands its balance sheet under economic stimulus. Buying up large portions of national assets and debt. If you manage to own a significant segment of the national debt, its almost as if you yourself own the country. In times of high inflation, if possible: own a bank. If not, perhaps the best option one can hope for is to own bitcoin, and be ones own bank. It would seem that inflation protected assets are becoming more difficult to acquire by the day. |
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Bitcoin's energy consumption can be a positive. It can throw money at green and renewable sources of energy, funding the future expansion of energy sources with a low carbon footprint, globally. There's no motive for cryptocurrency mining operations utilizing coal or fossil fuel based sources of energy aside from it being state subsidized in many regions. Hydroelectric, solar and wind are all cheaper and more affordable than coal at this juncture. The only reason coal is utilized in crypto mining is due to it being state subsidized in places like china.
Mining fees can be sustained by future increases in bitcoin's price. And improvements in mining hardware fueled by moore's law. Its deflationary nature, in theory, will drive demand. Which will in turn elevate price to maintain mining viability. I have yet to see an attempt at an argument for why deflationary currencies should be considered fundamentally flawed by design. Certainly we have political talking points which overwhelmingly support inflationary currencies. But aside from the politics, there isn't sound science that proves being deflationary is bad.
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If tesla offers bitcoin payment support. Other automakers could be forced to do the same, to remain competitive in global markets.
Its similar to how import automakers offered cup holders built into the interior of cars/trucks. Then it became standardized and everyone followed the trend.
As tesla ramps up EV production volume, it gains market share. At the expense of existing established automakers. This will force general motors to take drastic steps to become more competitive. Or risk being put out of business the way amazon may have done to sam's club by diluting their market share.
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Am I missing any of critical traits that a good casino should have? A good casino should have a fair RNG. Indications of the game being fair, are when you have both winning days and losing days. If every day is a losing day, I think most can agree that's not a fair system. Promos and perks are a plus. Bonuses are nice. Restrictions relating to rollover on balance being required to qualify for things lesser so. Some gamblers like fast payouts. Mostly the ones afraid they might have a hard time withdrawing their money. |
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most notoriously young people couldn’t get to the top position of any MNC, the top position CEO, CFO, COO is always the oldest unproductive parasite that keep telling you they work the position and they deserve the high pay and they can live like king entitlement. In past eras of human history, it was possible to start out in an entry level position. Work your way up the corporate ladder learning the business. Until eventually you were running the entire company. There was a shift in format where a college degree became an essential requirement for leadership and executive positions. Elon Musk recently criticized this trend to a limited degree. When he said there are too many MBAs in corporate america. Elon Musk on the problem with corporate America: ‘Too many MBAs’This “MBA-ization of America,” isn’t great, Musk said, especially when it comes to product innovation. Big corporate CEOs often get caught up in the numbers and lose sight of their mission, which is to create “awesome” products or services, according to Musk. “There should be more focus on the product or service itself, less time on board meetings, less time on financials.” Musk said the biggest mistake he has made as a leader of both Tesla and SpaceX was spending too much time in meetings looking at PowerPoints and spreadsheets, instead of being out on the factory floor. “When I go spend time on the factory floor or really using the cars or thinking about the rockets...that’s where things have gone better,” Musk said at the WSJ summit. He finds that if he is engrossed in the details of the issues, it boosts morale and his team is “more energized.” Musk urged CEOs to “get out there on the goddamn front line and show them that you care, and that you’re not just in some plush office somewhere.” https://www.cnbc.com/2020/12/09/elon-musk-on-the-problem-with-corporate-america-too-many-mbas-.html .... There is a question as to what the real value of higher education is in this day and age IMO. Is it worth college students selling themselves into debt. While the student loan bubble looms over our standard of living and economy? Perhaps restructuring and reform is something people can support? |
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But what You are Not told there is need to sacrafice one world Country Whole economy in Order to save all others western countries. Economic downturn in one nation, could drag the global economy down into recession. As occurred during the 2008 economic crisis. When economic slowdown associated with US banking issues toppled the world economy. Nations are networks of trading partners. When one goes down. It can have a chain reaction, where others are taken down with it. If sacrifice is the smart call to make. I think people might question why the EU hasn't already sacrificed greece. To encourage them to resolve their debt crisis. That could happen eventually if deficits rise to a point where they become unsustainable. Nations with high deficits and debt could be cut (sacrificed?) to maintain overall liquidity. That could be an interesting discussion/debate topic. If only on the more awareness and information people have, they better they're usually able to prepare and support the right stance on things. |
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