Guessing the snoop dogg plug is a paid troll/gag. If you look at the obviously paid promotions for YAT, It’s a similar setup. They used Lil Wayne, G Easy etc. Rappers with a large following that shill crypto related items to their audience. During the Yat Horizon event ‘Lil Wayne’ even claimed to bid on a repeater Yat 😂😩.
Snoop Doggs brand at this point has been used to sell everything from SodaStreams to fast food delivery services.
Very fishy, however hilarious either way! When are we gonna see Dr Dre tweeting #banksarezeros?
Modern Monetary Policy does not work in China the way it works in Western Democracies (aka these days Commies). If the CCP wanted to help Evergrande, they would've done that long ago. The whole idea of allowing these massive Real Estate companies to collapse is to instill financial discipline. If you notice, very few SOEs have debt backed by guarantees and keepwell structures from 100% Government owned SOEs. The cascading defaults have begun and are bound to reverberate across the world.
The government won't step in unless systemic stability is at risk. A government bailout would undermine CCP's campaign to instill greater financial discipline within the property sector. Debt restructuring and bankruptcy are at play here. Instead of an outright bailout, the govt is expected to facilitate negotiations and funding to ensure individual homebuyers are protected as much as possible. Not to forget, asset sales as much as possible.
You haven't yet seen anything regarding Evergrande. You're also extremely late to the party (this was being talked already in June).
You might want to keep your eyes open in the future. I'm not sure why wouldn't you inform your readers of the fact that contagion is spreading, and multiple other companies stocks went -80% down. Furthermore, there is rumor that tether holds Chinese commercial paper (some think Evergrande's). You think that won't have a devastating effect on crypto?
The correct advice is: take some profit from illiquid JPEGs and shitcoins, as those will be the first to go when the tables turn. Then reinvest when prices are depressed.
Note I didn't say to sell everything. Just skim from the top.
I apologise for being off topic but replying to your twitter "Wtf is happening out in Australia. Looks like a complete disaster."
I did not want to reply via twitter as my handle in not anon, this describes what is happening in Melbourne, Victoria.
"here are a couple of clips from today, Monday in Melbourne. The background is that the State premier's political power base is from the left wing unions, CFEMU ( Construction, Forestry, Mining and Energy Union) and the Union bosses to support the premier have agreed to mandatory vaccines for building workers.
The building workers and tradie's members showed today that they are not really onboard with mandatory vaccines.
Will be interesting to see what's going to happen with EverGrande, the comments saying China won't bail them out in a big way have their merits as well. But yeah overall, it's probably "just" a correction and not a long term bear issue.
Besides that, there isn't a discord for paid subs, or is there? And if not, why? I'm sure ppl would love a place to hang out and chat.
Bull-not trolling at all. I see Manchin going around the talk show circuit being very specific saying 1.5T tops. What do you think makes him and Ms. Az senator from capitulating to 3.5?
Guessing the snoop dogg plug is a paid troll/gag. If you look at the obviously paid promotions for YAT, It’s a similar setup. They used Lil Wayne, G Easy etc. Rappers with a large following that shill crypto related items to their audience. During the Yat Horizon event ‘Lil Wayne’ even claimed to bid on a repeater Yat 😂😩.
Snoop Doggs brand at this point has been used to sell everything from SodaStreams to fast food delivery services.
Very fishy, however hilarious either way! When are we gonna see Dr Dre tweeting #banksarezeros?
Modern Monetary Policy does not work in China the way it works in Western Democracies (aka these days Commies). If the CCP wanted to help Evergrande, they would've done that long ago. The whole idea of allowing these massive Real Estate companies to collapse is to instill financial discipline. If you notice, very few SOEs have debt backed by guarantees and keepwell structures from 100% Government owned SOEs. The cascading defaults have begun and are bound to reverberate across the world.
The government won't step in unless systemic stability is at risk. A government bailout would undermine CCP's campaign to instill greater financial discipline within the property sector. Debt restructuring and bankruptcy are at play here. Instead of an outright bailout, the govt is expected to facilitate negotiations and funding to ensure individual homebuyers are protected as much as possible. Not to forget, asset sales as much as possible.
You haven't yet seen anything regarding Evergrande. You're also extremely late to the party (this was being talked already in June).
You might want to keep your eyes open in the future. I'm not sure why wouldn't you inform your readers of the fact that contagion is spreading, and multiple other companies stocks went -80% down. Furthermore, there is rumor that tether holds Chinese commercial paper (some think Evergrande's). You think that won't have a devastating effect on crypto?
The correct advice is: take some profit from illiquid JPEGs and shitcoins, as those will be the first to go when the tables turn. Then reinvest when prices are depressed.
Note I didn't say to sell everything. Just skim from the top.
re: needing deflationary financial systems, hope everyone has read "the price of tomorrow"
Hello BTB,
I apologise for being off topic but replying to your twitter "Wtf is happening out in Australia. Looks like a complete disaster."
I did not want to reply via twitter as my handle in not anon, this describes what is happening in Melbourne, Victoria.
"here are a couple of clips from today, Monday in Melbourne. The background is that the State premier's political power base is from the left wing unions, CFEMU ( Construction, Forestry, Mining and Energy Union) and the Union bosses to support the premier have agreed to mandatory vaccines for building workers.
The building workers and tradie's members showed today that they are not really onboard with mandatory vaccines.
Warning. Australian levels of swearing.
https://twitter.com/Garyandthegoat1/status/1439793254313054212
https://twitter.com/andrewbogut/status/1439779306872340483
Regards,
Phillip
Will be interesting to see what's going to happen with EverGrande, the comments saying China won't bail them out in a big way have their merits as well. But yeah overall, it's probably "just" a correction and not a long term bear issue.
Besides that, there isn't a discord for paid subs, or is there? And if not, why? I'm sure ppl would love a place to hang out and chat.
Hi, trying to get a hold of the 3 books e.g. Efficiency, could someone point me in right direction? Many thanks.
Bull-not trolling at all. I see Manchin going around the talk show circuit being very specific saying 1.5T tops. What do you think makes him and Ms. Az senator from capitulating to 3.5?