Tema: PPCC-Pisitófilos Creditófagos-Otoño 2022

[wanderer]

Izzy Kaminska sobre las cripto...

https://twitter.com/izakaminska/status/1591330379746656256

I hope this is the point people realise that 99.9% of crypto and blockchain are total utter bullshit that do absolutely nothing technologically to reduce the need for trust in financial intermediaries. After all this becomes self-evident the only residue will be a CBDC.

CBDC: Monedas digitales de los bancos centrales.

Es el plan. Lo comentábamos aquí hace años. Destruir todo el sistema para implantar las CBDC programables (y programadas) y esclavizar definitivamente a la humanidad con ellas. Antes se dieron pasos como el pasaporte -mundial- Covid, y ahora nos van a colocar una "huella de carbono" individual.

Cada día pisan más el acelerador. No lo hacen por nuestro bien; no son los buenos.

¿Quién te va a obligar a usar nada de eso?

¿Quién te va a obligar a inyectarte un medicamento para poder ir a un bar? Eso no tiene ningún sentido 

¿Nadie?

Y sin embargo mucha gente se lo inyectó para poder salir, viajar, etc.

¿Sabes cómo van a convencer a la gente para que lo use? De la misma manera que se les convenció que el medicamento era obligatorio.

Yo tuve una discusión bastante acalorada en 2021 en Madrid con un conocido que me insistía que no se podía viajar y que los aeropuertos estaban cerrados, que lo "habían dicho en Telecinco" (les prometo que no trolleo, me lo dijo así), hasta que lo le dije "vale.. ¿dónde vivo?"
"En Londres"
"¿Dónde estoy ahora mismo?"
"En Madrid"
"Si los aeropuertos están cerrados.. ¿Cómo he llegado?"
...
...
...
"No sé, pero en Telecinco han dicho que las fronteras están cerradas. Que tú hayas volado es otra cosa"

 

¿A nado?

Como decía Groucho, ¿a qué prefiere creer, a las chorradas que yo le diga o a sus propios ojos? 

[Cadavre Exquis]

https://twitter.com/TrungTPhan/status/1590432177761968130

Saludos.

[Cadavre Exquis]

https://twitter.com/zonavalue/status/1589589859257106433

Saludos.

[Cadavre Exquis]

The historic crypto bubble: Bitcoin is now the fifth-biggest wipeout of all time, BofA says, with a shocking chart of the last 50 years in finance
by Alena Botros | November 11, 2022

Bitcoin has dropped 77% from its trading peak in November of last year. | COURTESY OF BANK OF AMERICA

The crypto industry is once again feeling the chill of winter.

Bitcoin is experiencing one of the biggest crashes in history—that’s apparent. But Bank of America Research’s Flow Show research note has crunched data and put it in historic terms: It’s the fifth-worst collapse of an asset in financial history, nearly as great in scale as the Mississippi & South Sea Co. History buffs would know that episode better as the South Sea Bubble, and it was so long ago—the early 1700s—that the United States did not yet exist and the U.K. was involved in the War of the Spanish Succession.

Bitcoin, which makes up 41% of the crypto market, hit lows unseen seen since the depths of the pandemic two years ago. And although it rallied after May’s Crypto Winter, a market downturn is back in full force with FTX’s implosion that’s led the crypto exchange to file for bankruptcy, and founder and CEO Sam Bankman-Fried to resign—a far cry from a few months ago when he was likened to J.P. Morgan for his attempted rescue missions of distressed firms.

BofA’s research, based on Bloomberg data, finds that Bitcoin’s fall is the fifth largest on record—and by far the biggest crash since the 1970s.

COURTESY OF BANK OF AMERICA

Bitcoin has seen a 77% decline from its peak trading at $70,000 in November of last year in the aftermath of FTX’s fall. Meanwhile, the crypto market cap has plummeted from $3 trillion to $900 billion.

It’s reminiscent of the dotcom bust from two decades ago, which BofA estimates at a decline of 76% (just 1% lower than Bitcoin’s fall) from its peak in March 2000. The dotcom bubble was fueled by investments in online companies from the day when the internet was new, during a bull market in the 1990s. The Nasdaq index grew rapidly, but in 2000 the bubble burst when companies that had raised a lot of cash but didn’t have much in the way of a business plan essentially just ran out of money. Nasdaq’s fivefold growth fell with the crash, and billions of dollars were lost. Crypto critics argue the similarities are obvious.

Another great bubble that just beats out Bitcoin is the end of the roaring ’20s and “Black Monday,” the stock market crash that precipitated the Great Depression.

The economic events of 100 years ago also share similarities with today. Following the First World War, the U.S. government was spending more than it was earning back in tax revenue, and high inflation ensued. American industrial power, though, created a flood of jobs as the country emerged as a major international player.

Historians such as Liaquat Ahamed (who won a Pulitzer for his depiction of Great Depression–era central bankers, Lords of Finance) argue that the imbalance of global trade caused by the use of the gold standard, on the one hand, and America actually having most of the world’s gold, confused central bankers’ response to the crash and worsened the recession into a depression; again, that’s not unlike today’s extraordinarily strong dollar as the world’s reserve currency. The Dow Jones Industrial Average index plummeted 89%, BofA calculates, putting even Bitcoin’s fall to shame.

In more recent years, we saw the stocks of U.S. homebuilders crash, declining 83% from a peak in 2005, based on BofA’s calculations. After the peak, an era of rapid growth came to an end over the course of three years and the financial crisis of 2008 followed.

Bitcoin has dropped roughly 3% in the last 24 hours and 19% in the last week—it’s currently being traded at around $16,800.

Saludos.

[Rui Brennan]

Si quieren entretenimiento para el domingo, prueben a verificar el contenido de este comentario.

https://news.ycombinator.com/item?id=33575995

Wiki was quiet about Caroline Ellison's family (CEO de Alameda research, la compañía “hermana” de FTX y causante del estropicio) but a random post on the internet just happened by and the claim is her father is Glenn Ellison.
https://economics.mit.edu/people/faculty/glenn-ellison
but p.s. the whole comment is worth a paste:
SEC Chair Gary Gensler’s old boss at MIT was Glenn Ellison. His daughter Caroline Ellison is the CEO of FTX sister-company Alameda Research (and Sam Bankman-Fried’s lover apparently).
The GC of FTX used to be lead counsel to Gary Gensler when he was CFTC Chair.
Sam Bankman-Fried’s mother was Hilary Clinton’s lawyer.
Gabe Bankman-Fried, brother to Sam (also a former Jane Street trader), is founder of “Guarding Against Pandemics”. He was a Legislative Correspondent for the US House of Representatives and an advisor to large political donors in the Democrat party.
The family Aunt Linda Fried is a WEF member on the Global Agenda Council on Aging.
The father, Joseph Bankman, is a Stanford professor who has lobbied on behalf of Hedge Fund managers before Congress before (film records exist).
FTX Head of Ventures & Commercial at FTX Ventures, Amy Wu, started with the Clinton Foundation years ago.
Nishad Singh FTX Director of Engineering has spent over 8 million for Dem candidates.
Obama's Commodity Futures Trading Commissioner, Mark Wetjen, was the head of FTX Policy & Regulation.
Chief regulatory officer of FTX is Dan Friedberg was previously a lawyer at Ultimate bet (a site where they basically cheated against players).
Stuart Hoegner General Counselor at Bitfinex/Tether was previously Director of Compliance at Excapsa which was responsible for the Ultimate bet poker software.

Como muestra para empezar su camino por la madriguera de conejo, aquí tienen un artículo de 2021:

https://puck.news/can-zuckerbergs-old-roommate-strong-arm-washington/#

The twin powers of effective altruism are two millennial billionaires: Dustin Moskovitz, the Facebook co-founder and C.E.O. of the newly-public software company Asana; and Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX and the wealthiest person in the world under the age of 30. He’s known as S.B.F., or, sometimes cheekily in the world I cover, as “The Next Dustin.”

(…)

The Bankman-Frieds are one of Silicon Valley’s most underrated and fascinating power families. The whole clan sits alongside Moskovitz at the cross-currents of effective altruism, partisan politics and billionaire philanthropy—part of a movement led by Obama-trained operatives who, funded by Silicon Valley fortunes, are trying to use randomized-controlled trials, data science, and engineering to modernize the Democratic Party. They are—and I’m over-generalizing here—usually more pragmatic, market-friendly and, accordingly, billionaire-friendly.

S.B.F. has notched a land-speed record for achieving crossover tech-media stardom—in the last few months alone, he has been profiled in The New York Times, New York Magazine, and The Wall Street Journal, with each outlet dutifully mentioning the now-hackneyed fun fact that the 29-year-old often sleeps overnight in a office bean bag. (I’m guilty, by the way—I interviewed him for Recode and mentioned the bean bag.) The logic to S.B.F.’s life is to “earn to give,” or to make as much money as humanly possible, no matter the means, as part of a two-step strategy that culminates with giving it all away to effective-altruist causes. The plan is working. FTX, which didn’t even exist four years ago, is now about to have its name adorned on the arena of the Miami Heat. The company just raised almost $1 billion at a $20 billion valuation. S.B.F. has unquestionably made it big.

Then there’s his younger brother, Gabe, whom S.B.F. slipped some cash to run ads in the capital media market calling on lawmakers to fully fund the biosecurity effort. The group, Guarding Against Pandemics, is a 501(c)4 effort but has raised over a half-million dollars from donors and recently started a PAC, allowing it to potentially evolve into a bona fide pressure group. S.B.F.—who last year donated $5 million to Future Forward, the same Biden super PAC that Moskovitz backed—told me that he is actively looking this week at other pandemic-preparedness lobbying investments he can make, and so his total outlay of cash will be a “bit bigger.”

The family matriarch has also become a major Bay Area player. Barbara Fried, previously a low-profile Stanford Law School professor, has somehow managed to create one of the most buzzed-about organizations in Democratic big-money politics: a fundraising network called Mind the Gap that, informed by effective altruism, became a secretive node of Silicon Valley’s political moment, steering tens of millions of dollars to progressive nonprofits like the Voter Participation Center. There had been talk around town that Mind the Gap might shut down after the election, but that’s not happening (just look at the docs). The group now has over 2,200 donors in its network—heavy on tech types like billionaire Karla Jurvetson, who gave the group another$1 million earlier this year—and I’ve learned they just tapped a new executive director, the former head of VPC, Marissa McBride. The kids, though, remain the inspiration. “When Sam was about fourteen, he emerged from his bedroom one evening and said to me, seemingly out of the blue, What kind of person dismisses an argument they disagree with by labelling it the ‘Repugnant Conclusion.’ Clearly, things were not as I, in my impoverished imagination, had assumed them to be in our household,” Barbara wrote in the heartwarming acknowledgements of a new academic book last year. “In the years since, both Sam and Gabe have become take-no-prisoners utilitarians.”

[Cadavre Exquis]

https://www.expansion.com/economia/2022/11/12/636ea2efe5fdead4738b45a3.html

Saludos.

[Cadavre Exquis]

https://www.expansion.com/opinion/2022/11/11/636eaf00e5fdeadf238b466d.html

Saludos.

[Cadavre Exquis]

https://www.expansion.com/empresas/2022/11/12/636ec105468aebb3098b45c5.html

Saludos.

[Cadavre Exquis]

https://www.pressreader.com/spain/expansion-nacional-sabado/20221112/page/6/textview

Cepsa prepara una batalla al impuestazo en España y Europa

Saludos.

[Cadavre Exquis]

https://www.expansion.com/empresas/tecnologia/2022/11/11/636e54ebe5fdea8d2a8b45c4.html

Saludos.

[Cadavre Exquis]

https://www.pressreader.com/spain/expansion-nacional-sabado/20221112/page/14/textview

PepsiCo plantea un recorte de 550 empleos en España

Saludos.

[Cadavre Exquis]

https://www.pressreader.com/spain/expansion-nacional-sabado/20221112/page/15/textview

Apple ya gana más en China que Alibaba y Tencent juntas

Saludos.

[Cadavre Exquis]

https://www.pressreader.com/spain/expansion-nacional-sabado/20221112/page/16/textview

Elon Musk advierte de la posible quiebra de Twitter

Saludos.

[Cadavre Exquis]

https://www.expansion.com/mercados/2022/11/11/636e579e468aebeb1c8b460a.html

Saludos.

[Cadavre Exquis]

https://www.pressreader.com/spain/expansion-nacional-sabado/20221112/page/24/textview

El diseño del impuesto a la banca, de mal en peor

Saludos.