Roundup by @DJKupo 2/27/2022 Federal Reserve puts new bans on trading in stocks, bonds, crypto or commodities following trading scandal (The Block) Federal Reserve Federal Reserve @federalreserve FOMC formally adopts comprehensive new rules for investment and trading activity: FOMC formally adopts comprehensive new rules for investment and trading activityThe Federal Open Market Committee on…
First of all, I recognize that the state, the corporations, and the banks are really all part of the same capitalist entity. The police, armed forces, and other tools of force belong to the same entity. For the most part, the entire globe and every nation-state on it are firmly in control of capitalist forces…
It was fantastic to watch a possible crisis flare up (unnecessarily) with the assassination of a government official and all that followed – thankfully, much to our surprise – calmer heads prevailed – personally, we believe that it was an investment ploy to control the direction of markets – as well as a trial balloon…
It’s no secret that I love Bitcoin and have a deep fascination with the entire ecosystem of cryptocurrency. That love affair goes back to working with alternative currencies and barter systems in the 1990s and then extends through the 2000’s as I learned about the possibilities of using digital currencies to disempower banks, corporations, and…
I know this week in the stock and crypto markets has been difficult for many people. I’m not one of them. My stock portfolio and my crypto portfolio both lost quite a bit of value over the past month – this week was more of the same. I feel good about every decision I made…
I read something the other day that was very interesting. It was talking about how the trade war and tariffs and political scandals that should be rocking the market daily – simply aren’t. The reason, this article said, was that the money in the market which was scared or nervous had already left. Think about…
In the middle of October of 1929 – the stock markets of the United States reached impressive new all time highs. Investors were giddy and one of the leading economists of the day, Irving Fisher, said that the new all time highs were going to be the base level from that time forward. Last week,…
For the past year, I have wanted to buy a cryptocurrency hardware wallet . I haven’t bought a Ledger or a Tresor wallet yet because when I looked into buying one or either of them, I found a lot of stories about how they were arriving to purchasers already compromised. There was a lot of FUD…
Congratulations! You’ve bought some crypto! Maybe you bought a piece of a bitcoin, a whole bitcoin, a litecoin, some XRP, a Lumen, some Ethereum, or Digibyte…it doesn’t really matter. The good news is that you bought some crypto and you are asserting your currency independence. Or are you? Here’s something a lot of people don’t…
A lot has been made int he past ten years about the 1%. The ultra-rich who control more wealth than the other 99% of us. I’m not going to get into all of that. Suffice to say that I’m not a member of that club but I wouldn’t turn down an invitation. The 4% are…