rabbithole.help part 2 - 💸-economy

mejon07 01-Dec-21 05:31 PM

https://basicincome.org/news/2021/11/ubi-pilot-in-catalonia/

Peter Knight

SPAIN: The President and govt of Catalonia have announced that there will be a two-year basic income pilot starting next year, providing an unconditional monthly payment to 5,000 individuals.

CurbShifter 02-Dec-21 02:21 AM

if this is a success more will follow. like Microstrategy is also selling debt to buy BTC among others (like tesla). this can get hot and messy. lfg

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TropicalTyrone 02-Dec-21 03:25 AM

It's fucking over for the US. $29T in debt. Fucking hell

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CurbShifter 02-Dec-21 12:08 PM

yay 29 took longer than I thought tbh

CurbShifter 02-Dec-21 12:36 PM

Better start killing a bunch of old "free loaders" before the pension Ponzi blows up

Article from 2016 (edited)

CurbShifter 02-Dec-21 03:20 PM

PSA: markets are getting kind of rekt they will prob pump it up again. all this has been streched out forever and i dont see the insanity stopping now either (extending the debt and keep low rates, and pump the financial markets) just a reminder to keep some cash at home at all times. but dont expect it to hold its value...

oil is pulling everything down

CurbShifter 02-Dec-21 05:06 PM

sign of the times

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CurbShifter 02-Dec-21 09:55 PM

https://tenor.com/view/the-dark-knight-joker-batman-here-we-go-gif-3430376

And. Here. We. Go.

Goldman Sachs, and a handful of othe tier-one US banks, are figuring out how to use bitcoin as collateral for cash loans to institutions, according to three people familiar with the plans.

https://www.zerohedge.com/crypto/bitcoin-backed-bonds-are-coming-wall-street-goldman-embraces-crypto-collateral

Bitcoin-Backed Bonds Are Coming To Wall Street As Goldman Embraces ...

“We’ve probably spoken to half a dozen big banks about [bitcoin-backed loans],”

mejon07 03-Dec-21 05:54 AM

how Central banks cooperate to keep each other from collapsing:

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CurbShifter 03-Dec-21 05:57 PM

https://news.yahoo.com/imf-warns-economic-collapse-unless-161920058.html https://www.zerohedge.com/markets/rabobank-imf-warning-economic-collapse-should-get-headlines

IMF warns of 'economic collapse' unless G20 extends debt relief

The IMF on Thursday urged advanced economies in the G20 to extend and improve their debt relief initiative, warning that many countries face a dire crisis without the help.

Rabobank: The IMF Warning Of "Economic Collapse" Should Get Headlines

"We may see economic collapse in some countries unless G20 creditors agree to accelerate debt restructurings and suspend debt service while the restructurings are being negotiated,"

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CurbShifter 06-Dec-21 06:06 PM

https://t.me/therussianmarket/1948

European Central Bank Chief sees higher inflation behind us

>

ECB President on Friday suggested Eurozone inflation is transitory and most likely peaked after November’s reading of 4.9%, well above the 2% target set by the ECB. According to Lagarde, 55-60% of recent inflation came from rising energy prices, which should decline by the end of 2022 (excluding energy, inflation reads 2.5%). Lagarde also noted the ECB had more tools available to continue to provide favorable conditions,

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after the expected end of asset purchases in March 2022.

>

The comments imply that the ECB could remain very accommodative for longer than previously anticipated and could in turn continue to pressure the EUR.

stopping asset purchases means stop the brrr. the more tools means other type of brrr probably. but this might rock markets. also around this time the jewish shemitah begins the last phase till september... if you got profits around march 2022. you might want to reduce some risk.

Russian Market

European Central Bank Chief sees higher inflation behind us ECB President on Friday suggested Eurozone inflation is transitory and most likely peaked after November’s reading of 4.9%, well above the 2% target set by the ECB. According to Lagarde, 55-60% of recent inflation came from rising energy prices, which should decline by the end of 2022 ...

it could mean a slower depreciating EURO compared to the USD. which would mean a tanking dollar. while the dollar is gaining strength at the moment.

CurbShifter 09-Dec-21 08:02 PM

https://www.washingtonpost.com/business/2021/12/09/china-evergrande-default/

mejon07 09-Dec-21 08:10 PM

grab your popcorn

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CurbShifter 10-Dec-21 05:35 PM

https://www.youtube.com/watch?v=72HFjrpJ9x0

George Gammon

World's Most Accurate Economic Indicator Is Predicting GFC 2.0

Check out the Rebel Capitalist Live event Jan 7th - 9th!! https://rebelcapitalistlive.com LYN ALDEN and I discuss portfolio that will HELP YOU profit from DOLLAR losing reserve currency status, click this link to check it out!!

https://www.georgegammon.com/portfolio For more content that'll help you build wealth and thrive in a world of out ...

CurbShifter 10-Dec-21 06:45 PM

supply on btc exchanges almost halved since feb 2020 https://www.viewbase.com/coin/bitcoin

CurbShifter 10-Dec-21 07:18 PM

just a simulation. we know what that means.. https://www.rt.com/news/542753-israel-leads-hack-simulation/

Israel heads ‘hack simulation’ on global financial markets

Israel has taken point on a 10-country exercise which simulated a crippling cyber-attack on financial markets around the world, attempting to create a realistic scenario of the panic and chaos that would ensue, Reuters reported.

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Tergiversator 10-Dec-21 08:28 PM

Maybe coincidentally? An exploit dropped on twitter last night. As the hours roll by the list of affected products continues to grow.

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alt-theories 10-Dec-21 08:34 PM

"The banks are appealing for emergency liquidity assistance in a multitude of currencies to put a halt to the chaos as counterparties withdraw their funds and limit access to liquidity, leaving the banks in disarray and ruin," the narrator said. The participants discussed multilateral policies to respond to the crisis, including a coordinated bank holiday, debt repayment grace periods, SWAP/REPO agreements and coordinated delinking from major currencies.” - from the Reuters article

(edited)

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CurbShifter 11-Dec-21 06:14 PM

create more debt to pay off debt. thats hw its done right?

https://fxtwitter.com/i/status/1469474907700477958 (edited)

The United States pays its debts when they are due. That’s why today, I signed a bill to fast-track the process to raise our debt limit.

President Biden

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CurbShifter 13-Dec-21 09:57 AM

https://finbold.com/imf-releases-guidelines-for-a-uniform-global-crypto-regulation-framework/

Justinas Baltrusaitis

IMF releases guidelines for a uniform global crypto regulation fram...

The IMF has released a proposed framework aimed at making the global cryptocurrency regulatory approach functional on a worldwide level.

https://blogs.imf.org/2021/12/09/global-crypto-regulation-should-be-comprehensive-consistent-and-coordinated/

The global regulatory framework should provide a level playing field along the activity and risk spectrum

Yeah let's use a centralized authority to regulate decentralized assets and make everything equal by force (debt)

CurbShifter 13-Dec-21 03:55 PM

https://www.bis.org/about/bisih/topics/cbdc/jura.htm

Project Jura: cross-border settlement using wholesale CBDC

BIS Innovation hub - CBDC topic page

CurbShifter 13-Dec-21 04:45 PM

https://www.reuters.com/markets/europe/digital-euro-swiss-franc-trials-were-successful-central-banks-say-2021-12-08/

Digital euro, Swiss franc trials were successful, central banks say

Europe's first cross-border trial of central bank digital currency (CBDC) payments has been described as a success by the central banks of Switzerland and France, though they said it would not immediately lead to issuance of CBDCs.

mejon07 14-Dec-21 09:05 PM

Afghani Dinar collapsing too now:

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CurbShifter 16-Dec-21 06:00 PM

https://www.nytimes.com/2021/12/15/world/europe/turkey-bread-prices.html

By Carlotta Gall

Many Turks Can’t Afford Bread, and Bakers Can’t Afford to Make It

Squeezed by rising costs, price controls and plunging sales, bakers warn of ruin, while their impoverished former customers line up for government-supplied loaves.

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mejon07 17-Dec-21 02:02 PM

https://today.in-24.com/business/739762.html

Elektra will accept bitcoin as a form of payment

December 16, 2021 | 2:47 pm The chain of stores Elektra will accept bitcoin as a form of payment, its owner said, Ricardo Salinas Pliego, through Twitter, who stated that this makes it the first retail store in Mexico that allows it. The rumors are true

Electra, one of Mexico's largest retailers, now accepts Bitcoin.

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mejon07 17-Dec-21 05:51 PM

https://www.rt.com/business/543524-turkey-stock-market-halt-lira/

Turkish stock market halts trading as lira crashes

The Turkish stock exchange suspended trading after the national currency fell below 17 lira per US dollar on Friday. The lira has lost more than half of its value against the US dollar since the beginning of 2021.

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mejon07 17-Dec-21 09:05 PM

https://www.usnews.com/news/business/articles/2021-12-16/europe-faces-tough-call-on-stimulus-amid-omicron-fears

CurbShifter 18-Dec-21 12:31 AM

Cmon do moar brrr already

My bitcorn stopped going up

CurbShifter 20-Dec-21 07:51 PM

Italy Milan 20/12/21.

Italians have to beg for a piece of bread and some vegetables to survive. They also include people who have been suspended from work without pay because they have not been vaccinated. This is Mario Draghi's Italy.

https://fxtwitter.com/i/status/1472991088701059078

🇮🇹 Milaan 20/12/21. Italianen moeten bedelen om een stuk brood en wat groenten om te overleven. Onder hen zijn ook mensen die zonder salaris van het werk zijn geschorst omdat ze niet zijn...

Kees71

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CurbShifter 21-Dec-21 12:19 AM

https://youtu.be/UlphbTVfGIM

Rebel Capitalist

Breaking News: Turkey Starting To Implode (US Will Be In Same Posi...

Check out the Rebel Capitalist Live event Jan 7th - 9th!! https://rebelcapitalistlive.com

LIRA big shifts

CurbShifter 21-Dec-21 12:30 AM

https://www.zerohedge.com/markets/turkey-stock-trading-halted-circuitbreaker-second-day-amid-margin-call-panic-selling

The government will make up for losses incurred by holders of lira deposits should the lira’s declines against hard currencies exceed interest rates promised by banks, Erdogan said after chairing a cabinet meeting in Ankara.

right more brrr fixes everything

Turkish Lira Explodes Higher After Erdogan Comments

"From now on, none of our citizens will need to switch their deposits from the Turkish lira to foreign currencies..."

mejon07 21-Dec-21 06:33 AM

maybe the ESF has been in and saving the lira? That’s what they’ve done in the past.

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CurbShifter 21-Dec-21 01:55 PM

perhaps.. maybe the LIRA can pull everything down by proxy so he has the EU by the balls. i see no other angle that would make sense

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CurbShifter 22-Dec-21 01:31 PM

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mejon07 23-Dec-21 04:02 PM

https://www.visualcapitalist.com/visualizing-the-94-trillion-world-economy-in-one-chart/

Dorothy Neufeld

Visualizing the $94 Trillion World Economy in One Chart

Which countries and regions contribute the most to the world economy? In this infographic, we break down all $94 trillion of global GDP by country.

Onysfx 25-Dec-21 08:50 PM

Rip Canada lmao

CurbShifter 27-Dec-21 09:17 PM

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CurbShifter 29-Dec-21 12:36 PM

https://www.youtube.com/watch?v=n_fe3tgYSA0

George Gammon

2022 Prediction: Get Ready For Price Controls!!

Check out the Rebel Capitalist Live event Jan 7th - 9th!! https://rebelcapitalistlive.com LYN ALDEN and I discuss portfolio that will HELP YOU profit from DOLLAR losing reserve currency status, click this link to check it out!!

https://www.georgegammon.com/portfolio For more content that'll help you build wealth and thrive in a world of out ...