@NerdNationUnbox
https://twitter.com/NerdNationUnbox/status/1780424672808411313
Some of Elizabeth Warren‘s largest donors include #Stanford, #Harvard and #BlueHavenInitiative… all of which have ties to the billionaire Pritzker family.
Penny Pritzker is basically on the #Wanxiang payroll and on the board of trustees of Stanford and of Harvard Corporation.
The Priztker family which includes Penny, JB and others all have ties to CCP 🇨🇳 #Wanxiang
Illinois’s Gov. JB Pritzker is also business partner with #Wanxiang in a billion dollar real estate deal.
The cofounder of Blue Haven is Liesel Pritzker, cousin of JB.
#Wanxiang works with #Ethereum to circumvent Us sanctions and the Pritzker family makes deals with NorthKorea… I guess Elizabeth Warren is ok with all this. A former General Consultant for the Elizabeth Warren for President campaign, Stephen Campbell, now works for Gov. JB Pritzker.
This is not the person you want for Massachusetts! #VoteJohnDeaton
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@samcallah
The IMF just published a paper on Bitcoin cross-border flows, and here are three major takeaways.
1.) The study provides evidence that increased Bitcoin activity occurs as investors move away from risk assets and supports the findings of other studies that Bitcoin can be used to hedge global uncertainty. “An increase in the VIX is associated with higher Chainalysis inflows and outflows. This significant, positive response may reflect increased activity via the Bitcoin market as investors move away from risk assets.” This study shows that contrary to popular belief, individuals around the globe are treating Bitcoin as a “risk-off” asset rather than a risky one.
2.) The study concludes that people appear to be turning to Bitcoin to flee instability in their local economies and currencies and to circumvent capital controls. “We contribute to this debate by providing cross-country panel evidence that off-chain cross-border outflows are positively correlated with a Bitcoin parallel premium, which we interpret as a broader proxy for exchange rate pressures, reflecting macroeconomic imbalances.” “An increase in the parallel premium is associated with higher LocalBitcoins outflows. This finding indicates that Bitcoin may be used to circumvent capital controls.” So people appear to be using Bitcoin just as it was intended to be used, as censorship-resistant money that can protect them from currency instability and government censorship/seizure. Nice.
3.) The findings highlight that Bitcoin flows are typically larger in emerging and developing markets, like Argentina and Venezuela, compared to advanced economies with sophisticated financial markets. Countries with the largest Bitcoin inflows: Seychelles, Venezuela, Moldova, Venezuela, Nigeria, Central African Republic. One possible explanation for the high inflows in countries like Seychelles and Moldova is the low taxes and light-touch regulations that have attracted crypto exchanges to their shores. However, these countries are notable because many of them have high rates of currency debasement and economic instability, indicating that people are turning to Bitcoin as a safe haven asset.
https://twitter.com/samcallah/status/1780951180765515857