The great debt crash

[jazz]

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Sweet karma, perhaps, or did he help flip the script before his downfall.

[errolanderson]

https://www.bloomberg.com/news/artic...set-to-buy-ftx

A paragraph from the article;

That might come as a shock to investors including Softbank Vision Fund, Singapore wealth fund Temasek and Ontario Teachers’ Pension Plan, who sunk $400 million into the exchange at a $32 billion valuation in January. But it also put the broader crypto industry on notice: If SBF isn’t safe, who is?

OTPP loosing 400mil, is that chump change for them? seems like a lot, but maybe it's not???

Did I do the math right? the 400mil now worth $12,500.oo

Seems he was worth 97bil at one moment in time!!!

How many pension funds are just at the racetrack investing? Taxpayers on-the-hook?

[shtferbrains]

[ATTACH]11364[/ATTACH]

Is that what they mean by "Burn it all down"?

[Guest]

No farmers caught up in greed?

nope , its like pre pricing grain , lots done after price drop , but if price goes up none was done
took me 7 years to break even after 08, learnt my lesson

[shtferbrains]

Crypto billionaires wiped out. Today was the crowning.

When the tide goes out, we’ll see who is left standing. Definite contagion risk to credit markets. . . .

I don't comprehend the virtual value thing with Crypto or monetizing carbon credits at a wide range of values.

This is as close as I get to understanding:

"Imagine McDonald's makes its own money, let's call them clown-bucks, keeps most of it, and sells some to the market.

McDonald's then uses their remaining clown-bucks as collateral for actual loans.

And then people remember clown-bucks aren't real."

Canadian bonds may be looked at as clown-bucks if they keep printing them and buying them back themselves.

[errolanderson]

A check on reality . . . .

USD plunging

Crude oil plunging

U.S. Mortgage rates plunging

Credit debt exploding

U.S. unemployment jumping

But hey, we are told by those in-the-know, it’s not a recession, thank goodness . . . .

[jazz]

A check on reality . . . .

.

Fed minutes just signalled pause in rate hikes coming for Q1 2023.

QE probably around the corner.

[errolanderson]

Fed minutes just signalled pause in rate hikes coming for Q1 2023.

QE probably around the corner.

Jazz, you may be very right. Central bankers totally out of control, totally lost.

Buzz word is pivot, but it is panic. Bottom line, they have buggered the economy for the middle class to swim in . . . but get to retire handsome pensions and no accountability.

[dave4441]

Demand in lentils, green and yellow peas, canary is horrible. Its same as last year. We peaked in Oct/nov and high prices destroyed demand and prices came down. There is no reason for these prices to hold.

We must recognize many of these prices are at all time highs if you take out a few months from last year.

[LWeber]

We must recognize many of these prices are at all time highs if you take out a few months from last year.