The great debt crash

[Guest]

Half of the EV offerings are over $100k now.

Did they get an exemption.

Now there is the question of the month !

[errolanderson]

Crypto Collapse: Bitcoin And Ethereum are crashing this afternoon. This is all apart of the imploding credit crisis now in-progress. Asset price fallout appears staggering . . . .

[Taiga]

Crypto Collapse: Bitcoin And Ethereum are crashing this afternoon. This is all apart of the imploding credit crisis now in-progress. Asset price fallout appears staggering . . . .

Looks like NZ/Australia/Canada will be leading the housing bubble crash too.

[shtferbrains]

Shitcoin?

NZ$ 59 cents
ASSIE 65 cents
Can 74 cents up from a low of .71 cents

[errolanderson]

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. . . .

[ALBERTAFARMER4]

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. . . .

[errolanderson]

Reported super-models to football stars caught in this immense web-of-greed. Makes my mind spin, when is too much money, too much money?

Need farm marketing risk management skills, I guess lol . . . .

[beaverdam]

https://www.bloomberg.com/news/articles/2022-11-08/sbf-net-worth-is-eviscerated-in-days-with-binance-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!!!

[agstar77]

Reported super-models to football stars caught in this immense web-of-greed. Makes my mind spin, when is too much money, too much money?

Need farm marketing risk management skills, I guess lol . . . .

No farmers caught up in greed?

[sumdumguy]

Now you see it, now you don’t. That’s how I always felt about bit coin, but who am I?

[jazz]

[ATTACH]11364[/ATTACH]

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.