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Politics : Politics for Pros- moderated
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To: didjuneau who wrote (771964)11/16/2022 7:07:53 AM
From: IC7206 Recommendations

Recommended By
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ZH article posted?

"This ought to worry everyone. US has taken its first concrete step toward CBDC.

Well, it worries me. My social credit score will mean whatever dollars I have in their money-laundering 'banks' goes plunge (or poof) at their earliest convenience, even if I don't find out during a power outage. This may apply to whichever half of this country is viewed poorly at any given juncture by TPTB.

We know which half that would mean here and now."

Here Come "Programmable Dollars": New York Fed And 12 Banking Giants Launch Digital Dollar Test

..........

The Crypto Contagion – More Lows into 2023

After the collapse of FTX, we are looking at a collapse in confidence in all digital assets. With this degree of collapse in even Bitcoin, there will be more bankruptcies lining up. Inexperience dominates this young field and facing a stiff recession ahead going into 2023, this meltdown is not over yet. The low in Bitcoin from 2021 high is not likely before 2023. Thus – as they say – it ain’t over until the fat lady sings (a reference to Opera).

This FTX scandal is the death nil for cryptos.
At first, I assumed that perhaps they lost a ton of money because of the implosion of the bond market. But this was not the case. In fact, this is perhaps the worst I have ever seen and it comes from trading losses from kids that had no experience whatsoever with regard to trading. They obviously did not even understand fiduciary responsibility.

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