the noon wall report
some news and fud of the day
flooding continues to devastate Pakistan with over 1,000 dead and a third of the country under water
https://www.bbc.com/news/world-europe-62712301------
fighting erupts in Iraq after massive demonstrations in the green zone
The violence began after powerful Shia religious leader Muqtada al-Sadr announced on Monday that he would resign from Iraqi politics, prompting hundreds of his angry followers to storm the government palace, sparking clashes with security forces
https://www.aljazeera.com/news/liveblog/2022/8/29/iraq-unrest-live-blog-sadr-announces-hunger-strike------
the war in Ukraine drags on with fighting intensifying around the Zaporizhzhia nuclear power plant and a UA offensive into the Kherson region
https://www.cnbc.com/2022/08/30/russia-ukraine-live-updates.html------
fed to remain hawkish and earnings and stonks reportedly remain overvalued driving last weeks selloff as recession fears remain high
https://twitter.com/GoldmanSachs/status/1564613933922664450CNBC talking heads
https://www.youtube.com/watch?v=UhA8E_sS9Sw ------
China locks down again as new cases affected about half of the 6 million residents of the port city of Dalian, along with an undisclosed number in Chengde and Shijiazhuang in Hebei province, both around three hours from the capital Beijing
https://www.cbsnews.com/news/china-covid-lockdown-back-amid-fresh-cases-dalian-hebei-beijing/------
Some relief in the EU as gas price retreat from ATH's
European energy prices plunged on signs that the region is stepping up efforts to curb a crisis that threatens to tip the region into recession with winter approaching.
German power for next year settled 20% lower, and Dutch natural gas fell as much as 11%. Both benchmark contracts extended losses from Monday, after surging to records last week.
Prices have been extremely volatile in recent days amid thin trading and much uncertainty. Russia’s Gazprom PJSC plans to shut the Nord Stream pipeline to Germany for three days of maintenance beginning Wednesday.
The European Union is preparing to intervene in the short term to dampen soaring power costs, which have fueled inflation and increased the risks of a recession. Meanwhile, storage sites in the region are filling fast, bringing some relief and raising the chances Europe will get through the winter with ample supply.
https://www.bloomberg.com/news/articles/2022-08-30/european-natural-gas-rises-on-signs-of-worsening-supply-crunchfor some reason the article headline says the exact opposite....Bloomberg...not surprising i guess..
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why am i talking about all this MSM bullshit? it got me thinking about this fear narrative that is being perpetuated by the ruling elites why does this happen...it is because they themselves are afraid
then because im am just sitting here smoking weed and observing...i started thinking of hard times and how one navigates through them
and this movie quote from Deep Impact started floating around in my head...something that the President said who was played by Morgan Freeman
i dont remember the exact words but it was something about life will continue on as if normal...you will wake up and go to work...you will pay your taxes etcetera
there was a time where there was no hope...this big asteroid(read fiat) coming to destroy the Earth
that is the legacy financial system....crumbling into destruction through rampant fiscal mismanagement and endless printing
there was no way to avoid this collision until bitcoin
now the asteroid is not a deep impact that leads to extinction but perhaps a series of lesser blows as economies around the globe struggle with inflation ...but now, there is a way out...a way to protect your financial sovereignty
there will be casualties...as sometimes happens in conflict...but we will make it through these dark times and come out stronger for it
so take it one day at a time..set one foot in front of the other and go about your business as best you can
this all seemed so much more elegant when I was thinking it but that is the gist of it
anyway...gm
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bitcoins price again retreating from $20kish in early morning trading
currently near $19.7k on increasing Tuesday volumes
dyor
4h
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D
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stronghands