This is wild stuff on the Bitcoin side.
UNO is holding against USD, even as it drops vs BTC.
I can see how traders would want to sit it out. I'm personally thinking of selling BTC to USD, anticipating a dump in BTC after such a huge run.
I'd love to pickup a few more BTC to move into UNO when this ends. Every BTC pump I've ever seen (and I've seen a bunch) has always included promises of "$10,000 BTC!!" because of "China!" and "Economic disaster" and "capital flight." Do you suppose this time is any different? Is this 'the one'?
Morning, F.K. I've been studying the GFC since before it was called 'GFC,' and had 25 years as a political theorist/activist under my belt when I started.
We face peak oil, peak soil, peak water, peak people; debt; climate change (!?), whether it's us or not; militarism/authoritarianism, 'social incohesion'; debt; unemployment driven by robotics, insuperable political corruption, the return of theocracy; debt; an epidemic of obesity, ADHD, psychosis, depression, OCD, autism -- and did I mention debt?
The
time frame has tricked me: much slower than I expected. But the 'quality' of our situation?
Ever heard of these guys: 'Roman Empire?' 'British Empire'? 'Ottoman Empire'? 'Holy Roman Empire'?
This sucker is going down.Remember the 'Asian economic crisis' of the late 90's? In Indonesia, I know, it never ended.
I spent 23 months in Jakarta, as a conflict journalist, during the insurrection, and the parallels between events there and here are striking:
people seem fabulously able to not see The Big Picture, and to do nothing, until some straw breaks the camel's back, and they go collectively stark raving mad.
tl;dr: if not this month, next; if not this year, next; if not . . .
