ECONOMICS: Cryptocurrency — no regulation needed — Caveat Emptor

Sunday, October 9, 2022

https://www.zerohedge.com/crypto/secs-reckless-crusade-crush-cryptocurrency-market

The SEC’s Reckless Crusade To Crush The Cryptocurrency Market
by Tyler Durden
Wednesday, Sep 28, 2022 – 08:20 PM

Authored by Gerard Scimeca via RealClearMarkets.com

*** begin quote ***

The outcome of the SEC case against Ripple is critical in not just establishing a fair and just baseline for the protection of crypto investors, but as a test case in setting boundaries to stop overreach by federal agencies seeking to advance their power at the expense of efficiency. Crypto is popular and growing precisely because of its efficiency, flexibility, and vast utility in financial markets, benefits that can easily be quashed through intrusive and heavy-handed regulation. The ultimate arbiter of these issues is Congress, who must act, and soon, to help establish a clear framework to regulate crypto, and to limit the SEC’s power to occupy spaces where it simply does not belong.

*** end quote ***

Sorry, but all the Gooferment ever does is impede progress.

Is an “unregulated” market “dangerous”?

No, let the buyer beware and let the “invisible hand” of the free market quickly and efficiently discipline bad actors.

No bureaucrats required.

—30—


IPHONE: Mike Lindell is an object lesson in backup and recovery

Thursday, September 15, 2022

https://www.zerohedge.com/political/i-got-bad-news-you-mike-lindell-speaks-out-after-fbi-seizes-phone

“I Got Bad News For You”: Mike Lindell Speaks Out After FBI Seizes Phone
by Tyler Durden — Thursday, Sep 15, 2022 – 11:20 AM
Authored by Eva Fu via The Epoch Times (emphasis ours),

*** begin quote ***

MyPillow CEO Mike Lindell was picking up food at a fast food chain drive-through when three cars driven by federal agents blocked him.

*** and ***

“Well, I got bad news for you: we are going to take your cell phone,” Lindell remembered the agents saying.

“No you are not, I’d rather be arrested, you are not going to get my phone,” he replied. Since he doesn’t have a computer, he said his phone was an essential device that he leans on to run his five businesses.

“They want people to be scared to talk to Mike Lindell,” Lindell, who relented and handed over his phone after consulting his lawyer, told The Epoch Times on Wednesday.

“You might get your phone taken at a drive-thru restaurant, you might get your door bashed in by the FBI,” he said, noting the string of FBI subpoenas for allies of former President Donald Trump reported in recent weeks.

While Lindell initially thought the FBI was interested in him as part of the House probe into the Jan. 6 Capitol breach, the agents told him they had two separate cases in which he is named.

*** and ***

The FBI turned down Lindell’s request to back up his phone. “That was something that really upset me,” he said, adding that his last phone backup was from a couple of weeks earlier.

But the recent FBI actions, he said, won’t dissuade him from his advocacy efforts.

“The government weaponized the FBI, trying to scare me, trying to scare other people, but it didn’t change a thing,” he said. “This is Gestapo in Nazi Germany. This is what we’re up against.”

“It didn’t rattle me,” he added. “I’m not going to unsee what I’ve seen.”

Regarding his phone, Lindell is confident that the FBI will realize “there’s nothing in here.”

“I do all things by calls, I rarely text, and I never email,” he said. “So whatever they’re looking for, they’re going to be on a wild goose chase.”

Lindell’s lawyer is working to get his client’s phone back, and meanwhile, Lindell says he has already moved on.

*** end quote ***

“his last phone backup was from a couple of weeks earlier.”

Maybe I should apply for a job as his IT guru.  If that phone is his “lifeline”, then he should have a hot back up.

Didn’t say if it was an iPhone.  If it was he could have a hot backup to iCloud.  

I don’t do anything important and I have a backup phone and a backup computer.

Remember “2 is 1; 1 is none! redundant capability; not redundant gear!”

There’s no excuse for only one back up that weeks old.

Argh!

—30—


CRYPTO: Be afraid; Be very afraid; the Gooferment crypto is a trap

Wednesday, July 20, 2022

https://www.zerohedge.com/economics/central-bank-digital-currencies-are-coming-what-will-consequences-be

Central Bank Digital Currencies Are Coming – What Will The Consequences Be?
by Tyler Durden
Friday, Jul 15, 2022 – 04:20 PM

*** begin quote ***

Currencies are the lifeblood of trade and the economy; if a currency fails, the entire economy fails. Yet, most people rarely think about the health or buying power of the money in their pocket. People don’t research how often currencies actually falter and how common it is for inflation or stagflation to strike nations. They just assume that the money they have will be as useful tomorrow as it is today. They also assume that money will never change in a dramatic way.

This lack of interest in how money works is likely due to the fact that people are not taught how their money is created. It’s not discussed in schools, the truth is avoided in colleges and the mainstream news rarely mentions it. People think our government and treasury handles all of that, but the reality is that our government does NOT create our money; at least, it’s not in charge of the process. Central bankers are, and they operate from a “quasi-independent” position.

*** and ***

The public would never readily accept CBDCs as money unless their existing money lost most of its buying power and the current system was in the gutter. This is how new levels of empire are born; a major crisis allows for the elites to consolidate control while the people are distracted by their own private disasters. The big picture is changed while each person is terrified by their own small picture calamity.

*** end quote ***

The Gooferment’s digital currency can be switched off from HeadQuarters and then all the little people are screwed!

—30—


POLITICAL: Will illegal work on banned biological weapons be exposed?

Thursday, June 2, 2022

Escobar: Russia Rewrites The Art Of (Hybrid) War
Zero Hedge by Tyler Durden / May 22, 2022 at 07:02AM

https://www.zerohedge.com/geopolitical/escobar-russia-rewrites-art-hybrid-war

*** begin quote ***

That’s not gonna happen. Moscow is fully aware that going public with illegal work on banned biological weapons is an existential threat to the US Deep State. Especially when documents seized by the Russians show that Big Pharma – via Pfizer, Moderna, Merck and Gilead – was involved in several “experiments”. Fully exposing the whole maze, from the start, was one of Putin’s stated objectives.

*** end quote ***

Will Russia be allowed to let the Deep State “cat” out of the proverbial bag?

What will “We, The Sheeple” think?

If it happens before the 2024 election does it ensure a DJT or Desantis  presidency?

—30—


GOVEROTRAGEOUS: Bioweapons At US-Linked Ukraine Labs

Sunday, April 3, 2022

https://www.zerohedge.com/geopolitical/pentagon-says-pathogens-us-linked-ukraine-labs-not-offensive-bioweapons

Pentagon Clarifies There’s No “Offensive” Bioweapons At US-Linked Ukraine Labs
BY TYLER DURDEN
SATURDAY, APR 02, 2022 – 04:30 PM
Authored by Dave DeCamp via AntiWar.com, 

*** begin quote ***

A Pentagon official told Congress on Friday that there are no “offensive” biological weapons in any of the dozens of US-linked labs in Ukraine.

“I can say to you unequivocally there are no offensive biologic weapons in the Ukraine laboratories that the United States has been involved with,” Deborah Rosenbaum, the assistant secretary of defense for nuclear, chemical, and biological defense programs, told the House Armed Services subcommittee.

*** end quote ***

So correct me if I am wrong but the Pentagon has just ADMITTED that there are US biological weapons labs in the Ukraine.

And we wonder why Putin is pissed?

If Russia had biolabs in Mexico or Canada, then what would be the USA reaction?

Argh!

—30—


RANT: Let the research begin on what was on the laptop,

Thursday, March 31, 2022

https://www.zerohedge.com/political/matt-gaetz-enters-hunter-biden-laptop-data-congressional-record

Matt Gaetz Enters Hunter Biden Laptop Data Into Congressional Record
BY TYLER DURDEN
WEDNESDAY, MAR 30, 2022 – 04:20 PM
Authored by Ken Silva via The Epoch Times (emphasis ours),

*** begin quote ***

“I seek unanimous consent to enter into the record on this committee the contents of Hunter Biden’s laptop, which I am in possession of.”

*** end quote ***

I look forward to the “muckrakers” exposing all the corruption to the light of day.

—30—


ECONOMICS: The economy has yet to recover from covid, but the stock market is being inflated

Tuesday, March 29, 2022

https://www.zerohedge.com/markets/nothing-has-changed-except-everything

Nothing Has Changed, Except For Everything
BY TYLER DURDEN
MONDAY, MAR 28, 2022 – 09:30 AM

*** begin quote ***

The signs and symptoms I’m paying attention to are as follows (read this list slowly, and take it all in):

  • We have a market that saw the NASDAQ (an index) rise about 120% in less than 2 years off its March 2020 lows, despite the fact that our economy never materially recovered during the same period of time.
  • Our money supply (M2) rose between 21.7% and 26.92% year over year, between April 2020 and February 2021. Its long term YOY average rise, including this data, is just 7.16%. Prior to 2020, most YOY growth was between 3% and 5%.
  • Our inflation rate is at its highest point in about 30 years, and that is using a totally different method for measuring inflation than we used to. If we used the standards for measuring CPI in the 1980s, inflation would likely be at all time record highs for our nation.
  • We have the most material hot war in Europe since World War II taking place, with little visibility on how it will end. At the same time, relations with Russia and China have not been this contentious in decades. Russia and China also look to be posing a serious, calculated challenge to the U.S. dollar’s reserve status.
  • As I pointed out days ago, stocks relative to GDP are also in uncharted territory, where reversion to the mean would mean a minimum of a 40% drop from here.

But hey, Jim Cramer says he thinks “the bear market is over”. He’s on CNBC. I’m not.

*** end quote ***

Hard to imagine what will happen when the politicians and bureaucrats have “managed” the US into a horrific depression.

Sigh!

It’s not going to be pretty for the non-rich.

—30—


MONEY: Has time finally run out?

Wednesday, March 16, 2022

https://www.zerohedge.com/personal-finance/peter-schiff-warns-tucker-carlson-inflation-only-has-one-way-go

Peter Schiff Warns Tucker Carlson: Inflation Only Has One Way To Go!
BY TYLER DURDEN
TUESDAY, MAR 15, 2022 – 08:11 AM
Via SchiffGold.com,

*** begin quote ***

Last week, we got another big jump in consumer prices with the February CPI data. Peter Schiff appeared on Fox News with Tucker Carlson to talk about the rampant inflation. He said it’s only going to get worse. Inflation only has one way to go.

*** end quote ***

I’ve blogged about this self-inflicted national disaster for decades.  Been aware of the problem since the late 60’s.

And, I hope that I don’t I’ve to see some very ugly chickens come home to roost.

The problem is the FED! The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians.

When will “We, The Sheeple” wake up?

If, ever!

—30—


VOCABULARY: “The Overton window”

Tuesday, February 15, 2022

https://www.zerohedge.com/crypto/overton-window-bitcoin

The Overton Window & Bitcoin
BY TYLER DURDEN
SATURDAY, FEB 12, 2022 – 09:00 PM
Authored by ‘DON’ via BitcoinMagazine.com,

As Bitcoin enters the mainstream conversation, it is becoming increasingly common for politicians to embrace or disparage the technology…

*** begin quote ***

“The Overton window is the range of policies politically acceptable to the mainstream population at a given time. It is also known as the window of discourse.

“The term is named after American policy analyst Joseph P. Overton, who stated that an idea’s political viability depends mainly on whether it falls within this range, rather than on politicians’ individual preferences. According to Overton, the window frames the range of policies that a politician can recommend without appearing too extreme to gain or keep public office given the climate of public opinion at that time.”

*** end quote ***

Can’t stop BITCOIN because it fulfills a basic human need — the ability to save financial wealth from the rapacious of seizure by central Gooferments!

—30—