My mission is to share the lessons that affluent parents teach their children about money, finance, investing, real estate, and living a meaningful life.
BREAKING: FTX founder Sam Bankman-Fried has been found guilty on all seven criminal counts in the FTX fraud trial and now faces over a hundred years in prison. @kr00ney joins with more:
@CathieDWood Only after the recession... all your high growth tech stocks are super high beta and will get crushed when the Algos sell the indexes down 20% to 40%
$arkk will easily get cut in half if there is a recession and forces the fed to drop rates.
I'll stay in cash until then.
@supermode_ The blue area above the 52 year average line looks like the same area as the white space.
Perhaps we finally have reached a balance after a decade of over building leading into the gfc?
The fight will be managed by my and Zuck’s foundations (not UFC).
Livestream will be on this platform and Meta. Everything in camera frame will be ancient Rome, so nothing modern at all.
I spoke to the PM of Italy and Minister of Culture. They have agreed on an epic location.
This kind of stuff completely validates why half the country thinks the system is rigged.
And is just so brazenly corrupt if true.
It says the DoJ worked with Hunter Biden’s attorneys to craft a plea deal for a gun charge that also tried to surreptitiously given him immunity for all the foreign influence peddling…
“So they put the facts in the plea agreement, but put their non-prosecution agreement in the pretrial diversion agreement, effectively hiding the full scope of what DOJ was offering and Hunter was obtaining through these proceedings. Hunter's upside from this deal was vast immunity from further prosecution if he finished a couple years of probation, and the public wouldn't be any the wiser because none of this was clearly stated on the face of the plea agreement, as would normally be the case.”
Important action you can take to protect the value of your crypto in America:
Today, two House committees started voting to take an important step on legislation that will create regulatory clarity for crypto. They will continue tomorrow. The bill will evolve during the legislative process, but a vote today for the Financial Innovation and Technology for the 21 Century Act is a vote to protect your crypto, American innovation, and national security. Click below to email your Reps today to urge them to vote “yes” this week on FIT21. https://t.co/Es2wffIkct
Let me pitch a stablecoin idea:
I invest $15 million in equity in my project.
Then I sell to the public $195 million stablecoins.
With those proceeds I buy $210 million in risky assets.
I promise the stablecoin holders incredible liquidity. With just one click on their smartphones, they can get their money back same-day – in unlimited amounts.
When asked:
"Isn't 13-to-one leverage kind of aggressive on a stablecoin?"
I'm honest – I tell everybody the truth: "If the risky assets go up, I’m keeping all the profits. But, if they fall in value, I’m going to stiff the taxpayer."
Unfortunately, that’s exactly what a bank is.
Recent massive failures in U.S. banks were just that. The only difference is putting the word “billions” in where I used “millions”.
Banks are terribly-designed stablecoins.
Our June Blockchain Letter: https://t.co/LVAb0hE9yh
Gary Gensler is simply a politician.
Like most of them, he has abandoned his actual beliefs and principals in an effort to get ahead politically.
It's really that simple.
#FireGaryGensler