Crypto has more correction to do but it made for a great opportunity to DCA this past week.
Here’s a good review. Looks like USD has been halted this weekend as the stable coin ($1 value). has lost 9-10 percent. Robinhood, coin desk, and binance have halted trading looks like they have money in Silvergate as well.
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With treasuries paying over 5% and savings accounts paying nothing, guess where I moved my money? And guess where more and more are moving their money?
Know what happens when savers or investors can earn 500% more somewhere else in a risk free investment? They move their money.
What happens when anyone with a brain decides to move their money out of the bank that can’t compete with the .gov? Bye bye bank.
Who regulates the banks? Who sells T bills?
The.gov is competing against these banks and are pushing them to insolvency.
Treasuries dropped Friday but here are the current rates. These are as risk free as you can get. If these fail, the .gov has failed.
Know what happens when savers or investors can earn 500% more somewhere else in a risk free investment? They move their money.
What happens when anyone with a brain decides to move their money out of the bank that can’t compete with the .gov? Bye bye bank.
Who regulates the banks? Who sells T bills?
The.gov is competing against these banks and are pushing them to insolvency.
Treasuries dropped Friday but here are the current rates. These are as risk free as you can get. If these fail, the .gov has failed.
And never listen to Cramer. He’s part of the establishment and follows directions well.
the unrealized losses is the important data.
Bean Brain Joe says our banks are in great shape today not to worry.
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Here it comes!
Guess what that brown mist in the air is!
Woody
Guess what that brown mist in the air is!
Woody
Jim Cramer is a useful source for investing. You can always count on doing the opposite of what he says is best.
