reason 6
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Free registration at the forum removes this block.Thats a real good meme! wait! Is this a meme or actually ad? the graphics look memeyreason 6
All money is fake. I don't see a fundamental difference between crypto and currency, besides who's actively manipulating it. That said, I'm sure as hell not counting on my bitcoin position to make me rich, same as I'm not counting on my Apple stock or my 401k. That's slowlaner thinking.Reason #8
Crypto.
You still see people on Twitter still saying “buy the dip boys” (Tweet from a girl who represented Fashion Nova).
Crypto, NFTs, Web3.0, theirs nothing good from these technologies.
Crypto -> can’t match up to Visa and Mastercards technology and the number of transactions done per minute. Fake coins being created from open technology. Not enough “coins” to go around. Fake markets being created. It’s such a money laundry scheme. People rug pulling other peoples money.
NFTs -> their honestly just crypto coins in disguise but just pixel art.
Look up James Jani and his latest video on the subject.
Did you make some more?Reason #9
I ran out of coffee.
Currently in the process of getting off caffeine.Did you make some more?
reason 6
Dude… it’s a real thing… we now can place pizza orders through Zilch and pay 4 payments of, smh. Oh my gaaaa.This can’t be real, lmao.
Thats a real good meme! wait! Is this a meme or actually ad? the graphics look memey
Financing a pizza...lolz..we'r 100% in recession, maybe even in a depression
IIRC that startup and a few others like it were in the SVB portfolio and now SVB is tits up after the gov seized it last week.reason 6
The worst crash usually comes when times are good, and no one is paying attention. Pre-2008 and Pre-2020 Feb crashes are such examples.I've been watching the economy recently and am starting to get a little nervous about what I am seeing. I thought it might be helpful to share some of the data with the Fastlane Crew and get your input and opinion on this.
The first thing is the yield curve inversion. Normally, longer-term bonds offer higher yields than shorter-term bonds, but what we are seeing now is the opposite. The yield curve has inverted before every recession since 1955, and it is currently at its lowest level since 1981.
The second reason is the rising debt. Americans owe more than 1 trillion in credit card debt and housing debt is quite a bit above the recommended 36% (In my opinion too high) recommendation.
The third is the continued global supply chain issues are still disrupting production and distribution. While this is improving since the pandemic it still is not at a great spot.
The fourth is the Russia-Ukraine war and the geopolitical tensions involved with that.
The fifth is the collapse of SVB. This has been the largest bank failure since 2008 and could lead to more. The main reason for this collapse is because of the treasuries it was invested in. With inflation going up the treasuries were losing value extremely quickly. This failure can cause fear and uncertainty in the financial system. JP Morgan just received 70 billion in liquidity to help with the situation.
Not trying to spark fear in anyone, but in the case of a recession there is a lot of opportunity to get rich and preparation will allow you to win.
reason 6
This ad should be an NFT. I'd buy it.Reason #7...
NFTs.
Credit Suisse might also fall creating a huge domino effectI've been watching the economy recently and am starting to get a little nervous about what I am seeing. I thought it might be helpful to share some of the data with the Fastlane Crew and get your input and opinion on this.
The first thing is the yield curve inversion. Normally, longer-term bonds offer higher yields than shorter-term bonds, but what we are seeing now is the opposite. The yield curve has inverted before every recession since 1955, and it is currently at its lowest level since 1981.
The second reason is the rising debt. Americans owe more than 1 trillion in credit card debt and housing debt is quite a bit above the recommended 36% (In my opinion too high) recommendation.
The third is the continued global supply chain issues are still disrupting production and distribution. While this is improving since the pandemic it still is not at a great spot.
The fourth is the Russia-Ukraine war and the geopolitical tensions involved with that.
The fifth is the collapse of SVB. This has been the largest bank failure since 2008 and could lead to more. The main reason for this collapse is because of the treasuries it was invested in. With inflation going up the treasuries were losing value extremely quickly. This failure can cause fear and uncertainty in the financial system. JP Morgan just received 70 billion in liquidity to help with the situation.
Not trying to spark fear in anyone, but in the case of a recession there is a lot of opportunity to get rich and preparation will allow you to win.
It is true that even the USD dollar is a hyperreality and it's based on a belief system. I was expressing that until the USD dollar falls, until it's no longer the standard, I won't be using any other form of currency.All money is fake. I don't see a fundamental difference between crypto and currency, besides who's actively manipulating it. That said, I'm sure as hell not counting on my bitcoin position to make me rich, same as I'm not counting on my Apple stock or my 401k. That's slowlaner thinking.
NFTs are dopey though. The tech concept is interesting (distributed ledger of ownership of something) but using it exclusively to shuffle monkey gifs around is a shame.
If the dollar falls and we have a world depression my prediction would be that the world economic forum comes together and produces a central digital currency.It is true that even the USD dollar is a hyperreality and it's based on a belief system. I was expressing that until the USD dollar falls, until it's no longer the standard, I won't be using any other form of currency.
The Ledger was never going to be stable compared to the Mastercard and Visa Technology that exist today.
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