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BITCOIN
Bitcoin 67,200
This is a “horse vs car” moment
Buggy manufacturers holding a board meeting.
People feel safe with what they “know” even if it’s old and outdated including the so called “experts”. That’s the kind of attitude that got Vanguard CEO Tim Buckley fired.
James Stone, founder of Plymouth Rock Insurance company on Bitcoin.
“What are your thoughts is converting a small percentage of our assets into Bitcoin as a long term capital allocation strategy” ?
“I’ll take that one. Our returns have exceeded the market by a good bit. We’ve done very will with the strategy that we have, and we like it. We’re fundamental investors. We look for businesses that do well, have a good reputation and have a good product. Bitcoin’s almost the opposite. It’s not our zone at all. It’s speculative. It’s not backed up by the fundamentals of a product”
“It’s almost the opposite of the kind of thing we would ever invest in”
Quick check: turns out Stone founded Plymouth Rock in 1982. https://www.plymouthrock.com/about
All of which is fun linguistics for me, but says nothing about underlying meaning. You may well have nailed Stone’s attitude.
Statement by an Plymouth Rock in 1905:
“As a prudent and conservative insurance company, we must exercise caution in our investment decisions. While the automobile industry may seem promising to some, we believe it carries significant risks that outweigh potential benefits.
Firstly, the automobile is still a relatively new invention, and its long-term viability remains uncertain. The industry is characterized by rapid technological advancements and evolving consumer preferences, making it difficult to predict future market trends accurately.
Secondly, the safety concerns surrounding automobiles are undeniable. Accidents and fatalities involving automobiles are on the rise, raising serious questions about the reliability and safety of these vehicles. This poses a substantial risk to our investment portfolio, as increased claims and liabilities could erode our financial stability.
Furthermore, the infrastructure necessary to support widespread automobile usage, such as roads and fueling stations, is lacking in many areas. The development of such infrastructure requires substantial investment and time, further complicating the outlook for the automobile industry.
In light of these considerations, we believe it is prudent to refrain from investing heavily in the automobile industry at this time. Instead, we will focus on more established and stable sectors that offer greater predictability and lower risk to our shareholders and policyholders.”
“It is an inherently secure, tightly-controlled asset with a regulated supply, and is therefore a subversion to the whole basis of free-market financial capitalism.”
Alan Kohler: Bitcoin is no Ponzi bubble. It’s worse – an insurrection
The price of a bitcoin briefly hit a record high this week, and in Australian dollars it went above $100,000 for the first time
ETHGATE
“It’s not fair that 3 letter orgs and corps and anyone can buy people’s info out there, trade it, run AI on it and no one bats an eye, but if hackers, whistle blowers expose corruption it’s high treason. We need to level the field, protect consumer data from abuse.”
@BoringSleuth Data transparency and availability to the masses will absolutely be my mission when this is over. Consumable data availability to the masses is critical in balancing the playing field and should be the number one priority of anybody working in the field that I’m working in. Why this hasn’t been accomplished should tell you everything you need to know. Why this isn’t talked about should tell you everything you need to know.
NEWS
BREAKING: At the State of the Union, @POTUS plans to propose raising taxes on the rich and corporations.
—Minimum 25% income tax on billionaires
—Minimum 21% income tax on billion-dollar corporations
—Raise corporate tax rate to 28%
—Quadruple the stock buyback tax
Let’s go!
Sweden has formally become a member of NATO.
Sweden is set to officially join NATO after receiving final approval from Hungary, the last member of the Western alliance required to ratify Sweden’s bid. This historic decision marks Sweden’s departure from 200 years of neutrality and military non-alignment. Finland’s accession was processed relatively quickly, joining NATO in April 2023.
DRUMPF CORRUPTION
@DanRather
News anchors looking into camera and reading a script handed down by a corporate overlord, words meant to obscure the truth not elucidate it, isn’t journalism. It’s propaganda. It’s Orwellian. A slippery slope to how despots wrest power, silence dissent, and oppress the masses.
Newsweek Mike Johnson received campaign contributions from American Ethane, a company 88% owned by three Russians. Now, do you understand why he was categorically against the aid to Ukraine?
A mysterious donor covered Kavanaugh‘s $92,000 country club dues, $200,000 in credit card debts, and a $1.2 million mortgage. Following these payments, Kavanaugh voted to maintain Trump’s ballot presence and is postponing his trial in DC.
Koch Justice: Seek to Expand Influence over Law Enforcement and Courts in 2018. Charles and David KOCH’S Americans for Prosperity announced a SEVEN-FIGURE CAMPAIGN TO GET Trump’s Supreme Court pick, Judge Brett KAVANAUGH , CONFIRMED to the bench.
https://www.prwatch.org/news/2018/07/13372/koch-justice-billionaires-expand-influence-law-enforcement-courts-2018 AND
https://www.seattletimes.com/nation-world/inside-supreme-court-nominee-brett-kavanaughs-personal-finances-credit-card-debts-92k-country-club-fee/
His parents are worth $20,000,000. Its not a mystery.
Ohio Chick-fil-A owner, Stacy Austin, has been arrested for driving over 400 miles to North Carolina to rape a 15 year old child.
New MAGA talking point: Trump is just “faking” dementia to fool “fake news”
Yeah, just like he’s faking being a fascist sociopath.
Trump lawyer Alina Habba sends letter to judge in E. Jean Carroll case — begging the court for Trump to have a few more days to come up with the $83.3 million.
SHORTER VERSION: Trump is broke.
“Truly dystopian”: Experts worry Trump’s school vaccine plan will spark “public health catastrophe”
“Trump would take millions in federal funds away from all Virginia public schools,” former GOP lawmaker warns.
Republican presidential candidate and former President Donald Trump reacts to supporters as he arrives on stage at a Get Out the Vote Rally March 2, 2024 in Richmond, Virginia. (Win McNamee/Getty Images)
A former lawmaker raised alarms after former President Donald Trump’s vow in Virginia to defund public schools that require vaccines. Trump, who has repeatedly vowed not to “give one penny to any school that has a vaccine mandate,” repeated his call during an appearance in Richmond on Saturday, according to former Rep. Barbara Comstock, R-Va.
Trump and Hannibal Lecter
Trump is now claiming that migrants behave like Hannibal Lecter from “Silence of the Lambs”. He’s a truly sick individual. He’s the one that should be wearing that mask.
TRUMP V. UNITED STATES April 25 is the most on the nose case name of all time. The election wasn’t stolen the Supreme Court was.
Wow the republican supreme court will hear the trump Jan 6 criminal charge as the last case on the last day of the term. Every American should be disgusted by the corrupt republican supreme court trying to kill trump’s trial dead and not hiding it. JUST IN: SCOTUS schedules Trump immunity oral argument for April 25—the last day of hearings this term. This SCOTUS majority is disgusting #supremecourtcorruption The “SCOTUS” is without a Doubt Owned by Trump. He claims to be a “BOSS”. He Gave 3 Judges a lifetime Job with the understanding that they owe him…PERIOD! So Trump the “BOSS” Called in His Favors It’s being Played out right in front of our eyes.
Almost as if Trump is some kind of mob boss or something. Trump endorsed Republican Congressional Candidate Dan Rodimer, who has now been arrested for murder. MAGA is literally the party of mugshots. Trump, Rodimer, Gaetz, every member of the Boebert clan.
Why is New York Times campaign coverage so bad? Because that’s what the publisher wants.
Big Tech firms beat lawsuit from child laborers forced to work in cobalt mines
Buying cobalt doesn’t make US firms liable for abuses in DR Congo, court rules.
How Hackers Dox Doctors to Order Mountains of Oxy and Adderall
New from 404 Media: hackers are doxing doctors, gaining access to drug ordering platforms then buying (and selling) massive quantities of oxy, Adderall, more. Not just series of breaches across industry, but fundamental undermining of prescription system
Trump’s ex-doctor, Ronny Jackson,… demoted by Navy for inappropriate behavior in White House
Turns out Ronny Jackson, the drunken hack who went down in flames for handing out pills like candy in the White House, was handing out Ambien, fentanyl, morphine & ketamine like candy in the White House – but please go on about Hunter Biden’s struggles with addiction.
The White House has its own pharmacy—and, boy, was it shady under Trump
It wasted $750K during the Trump years and freely handed out Ambien and Provigil. Of course WE paid for all of this.
I want to know the names of who were receiving the drugs
@RonnyJacksonTX was distributing…
Especially the Ketamine, which is used as a sex drug like ecstasy and meth
Ketamine has also been used to facilitate sexual assault.
For those that dont know, its a cat tranquilizer.
The activities of the trump White House pharmacy raise a flotilla of red flags. There is not one aspect of this government trump and his crony crime crew didn’t defile not one
Under Trump the White House Medical Unit was a pill-mill. Thousands of ambien & provigil per month.
Worse, for a clinic that doesn’t typically do procedures w/ moderate sedation they sure are they ordering prodigious quantities of morphine, fentanyl, versed, & ketamine…? The AG report was largely concerned with the enormous cost of prescribing these non-genetic meds.
It’s worth pointing out that dispensing prescription meds without documentation is malpractice. In the case of controlled substances it’s also likely a crime.
https://arstechnica.com/science/2024/01/the-white-house-has-its-own-pharmacy-and-boy-was-it-shady-under-trump/
Trump’s WH Medial Unit handed out sleeping pills, uppers, and a variety of highly addictive opioids like candy (w/almost NO oversight) and how this isn’t an ALL CAPS scandal is beyond me. The DoD IG report is shocking
https://media.defense.gov/2024/Jan/09/2003373440/-1/-1/1/DODIG-2024-044_REDACTED%20SECURE.PDF
Here’s conclusive proof that the Court “is treating the presidential candidate of the party that appointed six of the nine justices with special favor” in light of how it treats literally EVERY OTHER criminal defendant. Undeniable as well as inexcusable
Why Is Trump Getting Special Treatment From the Supreme Court?
The justices are handling Trump’s case far differently than most criminal defendants.
Why Is the FBI Interested in New World Mall, Eric Adams’ Favorite Shopping Center?
“The Queens mall, raided by federal authorities along w/ homes owned by Asian affairs dir Winnie Greco, has been a major source of funds for Adams’ political ambitions.”
When he clinches the GOP nomination, the ex-president—currently under indictment for taking, hiding, and refusing to return classified docs—will have access to that info again, writes Mark Herrmann.
MONEY
X’s new voice calling feature leaks your IP address by default. Threat actors can obtain any user’s IP address just by initiating a call. X enabled the feature for all accounts last week.
To fix: Settings ➡️ Privacy & Security ➡️ Direct Messages ➡️ Enhanced Call Privacy
One of the richest men in the 1920s was Andrew Mellon — an early prophet of “trickle-down” economics.
His grandson, Timothy Mellon, is bankrolling Trump’s reelection.
Timothy uses his platform to rage against social programs.
This is how dynastic wealth works.
Wealth tax now.
If you paid $2.50 for a pack of gum at Target, you paid more to Target than it paid in taxes in 2022 while it made over $2 billion in profits and paid its CEO over $34 million in compensation. This is what a corrupt and rigged tax code looks like.
Why are things expensive?
4 companies control 55% to 85% of the meat market.
4 airlines control 80% of air travel.
3 companies control 92% of the soda market.
3 companies control 73% of the cereal market.
Why don’t I hear about it?
6 companies control 90% of the news.
Here’s Elon Musk’s brother outing them as being in the US illegally when they started their first business in California and applying for bank loans. Elon, then, nervously interrupts. He explains their immigration status at the time as a “grey area”. #ApartheidCylde
“We were illegal immigrants”
https://video.twimg.com/amplify_video/1761451086202970112/vid/avc1/458×270/rV5MmcTToxnxjH8P.mp4
BREAKING: House Democrats have launched a probe into Elon Musk’s SpaceX, scrutinizing the firm’s measures to ensure that Russia cannot use its Starlink satellite internet service in the conflict against Ukraine.
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BTC MONEY
