IMPORTANT REGULATORY UPDATE
The OCC & FDIC have released a Joint Statement on Crypto-Asset Policy Sprint Initiative and Next Steps
https://www.occ.gov/news-issuances/news-releases/2021/nr-ia-2021-120a.pdf
How does anyone feel comfortable not owning bitcoin.
Bitcoin is now a world currency that is owned and controlled by no country nor group of currencies. It is owned by the world’s citizens. “The internet and the web were designed to be robust in the face of failure. That was key to their sustained growth: they were dependable. This dependability was achieved by one key design choice: decentralization.”
“In an articulate blog post, CEO @owenmahoney explains why his publicly traded company is integrating #Bitcoin into its treasury reserve strategy to protect shareholder value and preserve purchasing power.”
Charlie Bilello on Twitter:
“10-Yr Treasury Yield…
Oct 1981: 14.9%
Oct 1986: 7.5%
Oct 1991: 7.5%
Oct 1996: 6.6%
Oct 2001: 4.7%
Oct 2006: 4.8%
Oct 2011: 2.3%
Oct 2016: 1.8%
OCT 2021
Bitcoin Treasuries: 59 Companies Holding BTC (Public/Private)
Global Bitcoin Node Distribution Map
Banks control the Narrative:
Decentralization, democratization and community… it’s about peer to peer exchange and *not* having a central authority. The most successful banks of the next 10 – 15 yrs will be those that adopted and integrated crypto over the next 1-2 yrs.
Bitcoin Market Cap: $964 billion
“Banks are fraud. Central banks are fraud. It’s all based on fraud.
To suggest that there is any moral or ethical aspect to anything that’s going on now is to be completely naive about the fact that we live in an era dominated by financial terrorists.”
Pandora Papers https://cyberplayground.org/2021/10/04/pandora-papers/
How the Danske Bank money-laundering scheme involving $230 billion unraveled
They know they are breaking the rules but they know getting caught and paying a fine is the cost of doing business. No one goes to jail.
The Obama administration has left this country in a moral vacuum with its policy of not enforcing the criminal laws against this country’s biggest criminals. Chapter 6 of the Chaitman/Gotthoffer book is now available at lays out the outrageous conduct of officers of JPMorgan Chase — including Jamie Dimon — relating to the London Whale.