RT from Caitlin Long 🔑⚡️🟠 (@CaitlinLong_)
#WallSt traders are "used to trading in assets that have a lender of last resort. They're not used to trading in assets like #bitcoin that do not, and they just had their head handed to them, and they deserved it...If you are illiquid, you are insolvent..." @AmerBanker
RT @CaitlinLong_
1/ THINKING ABOUT all things bond mkt after catching up on morning reading☕️. 15yrs of my #WallSt career was helping pension plans/life insurers fix their past mistakes (most of which made them inherently short vol). Fundamental probs w/ bond mkt structure exacerbated this prob.
RT from Caitlin Long 🔑 (@CaitlinLong_)
Yep but physically backed ETFs also foster spot price manipulation. As I've said for yrs, #bitcoin ETF approval is double-edged sword--it brings liquidity👍but also brings #WallSt-style manipulation/price suppression👎 (not that #BTC trading mkts don't already have lots of that).
https://birdsite.xanny.family/DeepBlueCrypto/status/1448893651548098577
@strypey
We love #SteveKeen's ideas.
His work alongside #KevinRudd, to fight the #GFC in #Australia by giving some cash to everyone to spend how they need was a far cry from the #bailOutTheBanks idea out of the #US.
To be fair, since #repoCrisis last year every #literate pundit and his dog was waiting for this. Even before then people knew #wallSt were dependant on #greaterFools to support the #ponziScheme and #debtBubble. With close to #NegativeInterestRates etc.
#stevekeen #KevinRudd #gfc #australia #bailOutTheBanks #us #repoCrisis #literate #WallSt #greaterFools #ponzischeme #debtBubble #NegativeInterestRates
@ephemeral
Agree. The Grassroots have been hampered.
And agree that #capitalism changes in reaction to the grassroots.
We find that the past effective control over #currency by #centralised authorities and their ability to #printMoney for their cronies, has also undermined #grassroots efforts and distorted/drained the #labour pool.
We believe this is changing with the advent of #cryptocurrencies - and they are scared ;)
#capitalism #currency #centralised #printMoney #grassroots #labour #cryptocurrencies #cronycapitalism #WallSt #siliconvalley #sillyconvalley
Don't blame #WallSt - its all #CoronaVirus' fault!
#pyramidScheme #moneyPrinting #USD #AUD #repoScandal #gold #silver #bitcoin #smsf #superannuation #pensionaccounts #passiveInvesting #passiveinvestment #greed #pumpAndDump #perfectExcuse #wallStreet #USA #US #blameChina #china
#WallSt #coronavirus #anyExcuseWillDo #pyramidscheme #moneyPrinting #usd #AUD #repoScandal #gold #silver #bitcoin #SMSF #superannuation #pensionaccounts #passiveInvesting #passiveinvestment #greed #pumpAndDump #perfectExcuse #wallstreet #usa #us #blameChina #china
Don't blame #WallSt - its all #CoronaVirus' fault
#pyramidScheme #moneyPrinting #USD #AUD #repoScandal #gold #silver #bitcoin #smsf #superannuation #pensionaccounts #passiveInvesting #passiveinvestment #greed #pumpAndDump #perfectExcuse #wallStreet #USA #US #blameChina #china
#WallSt #coronavirus #anyExcuseWillDo #pyramidscheme #moneyPrinting #usd #AUD #repoScandal #gold #silver #bitcoin #SMSF #superannuation #pensionaccounts #passiveInvesting #passiveinvestment #greed #pumpAndDump #perfectExcuse #wallstreet #usa #us #blameChina #china