Moglyzoke Moogleman
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Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Sanrith Descartes
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Furry
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That’s next level analysis. All of crypto combined is less than .1% of apple. It’s really not major factor in global markets.
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Gravel
Mr. Poopybutthole
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Was thinking the same thing. Maybe had they raised them 1% a year ago we wouldn't be in this situation. You know, when they were denying inflation or claiming it would be transitory. At this point 1% just makes us bleed slightly faster.
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Sanrith Descartes
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My hunch is in their hubris they all say around telling each other "they could make this crash painless if they just eased into it".
Gravel
Mr. Poopybutthole
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They were probably right. But they used that time to fellate themselves about "well, we'll wait and see and maybe do something next year in February." They wasted probably 9 months where they could've reacted, and lying about something that even most lay people were calling out.
I'm not convinced it would've avoided what's to come, but it definitely would've helped "soften" it a bit.
Mist
REEEEeyore
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The total market cap of all crypto assets is now under a trillion dollars. It was up to 3 trillion at it's peak.
Even if it goes to 0 from here, it won't lose more than it's already lost, so it can't cause a bigger externalized impact on the way down than it already has falling to where it is right now.
Asshat wormie
2023 Asshat Award Winner
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It was some tweet by someone talking about the issues it will cause to non financial assets tied to bitcoin. Too lazy to look for it but El Salvadore is surely fucked if this shit goes to 0.
Mist
REEEEeyore
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Loser Araysar
Chief Russia Reporter. Stock Pals CEO. Head of AI.
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LOL, is this Wakandan for real?
Russia is the largest exporter of food and energy in the world. Something theyre more than happy to share with China.
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Loser Araysar
Chief Russia Reporter. Stock Pals CEO. Head of AI.
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LOL, it would cripple the dollar overnight. Between the 4 of them, they have all the food, energy, raw material and finished products anyone could want. What would you buy from US that you couldnt buy from those 4 better and less gayer?
OU Ariakas
Diet Dr. Pepper Enjoyer
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Come on man, this is the real world; Russia is more than happy to share with China.... until it is them vs. the world and China starts exerting their will over Russia and demanding more food for less of some other good and service. And then you add in Iran and India with their own goals and you think they are going to just happily provide everything that the other 3 need for the greater good! I am a realist and agree that the USA would experience vast hardships in any of these scenarios; but you people that think the USA goes down with a whimper and your favorite motherland or boogyman nation is going to ascend to fill that void with 0 pain and rule the world in the USA's stead are sniffing glue.
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Flobee
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So I don't know how reliable this is, but I've been hearing this is various places. Take it how you will
www.asiamarkets.com
There's a run on Chinese banks and it's being ignored by the world | Asia Markets
A run on rural Chinese banks has been unfolding for months, but there's now evidence contagion is spreading to big cities. The global ramifications of a major run on Chinese banks would be enormous.
www.asiamarkets.com
Loser Araysar
Chief Russia Reporter. Stock Pals CEO. Head of AI.
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Theyre already doing it. Its more beneficial for those 4 to cooperate than dealing with the West and USgAy
But what do you think happens to US and its $100T+ debt and obligations when no one cares about the USD anymore?
This is just in last 3 months
Furry
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Chinese banks having runs has been an every day occurrence for yearsSo I don't know how reliable this is, but I've been hearing this is various places. Take it how you will
There's a run on Chinese banks and it's being ignored by the world | Asia Markets
A run on rural Chinese banks has been unfolding for months, but there's now evidence contagion is spreading to big cities. The global ramifications of a major run on Chinese banks would be enormous.
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Sanrith Descartes
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There was a run on crypto exchanges today, but they all had "bugs" and had to stop redemptions "for a while".So I don't know how reliable this is, but I've been hearing this is various places. Take it how you will
There's a run on Chinese banks and it's being ignored by the world | Asia Markets
A run on rural Chinese banks has been unfolding for months, but there's now evidence contagion is spreading to big cities. The global ramifications of a major run on Chinese banks would be enormous.
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Flobee
Vyemm Raider
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Yup. My first assumption would be the contagion would stay in the crypto space, but I dunno. Guess we'll find out