🇵🇸🇮🇱 A recap of events, sticking only to the facts so far:
1. For 17 years, the people of Gaza have lived under an illegal blockade. Half of the population are children. Over 90 percent of the drinking water is contaminated. Over half the population are unemployed. Over half the population are considered refugees. Most are descendants of refugees who fled during the Nakba - Israel's ethnic cleansing of Palestine.
2. Over the course of years Israel has refused offers of a truce in exchange for lifting the blockade, which is an illegal form of collective punishment under international law. David Cameron, when he was prime minister of the UK, said the blockade had turned Gaza into "a prison camp".
3. Last week, people of Gaza broke out of the world's largest concentration camp and launched an attack on Israel.
4. There is still no evidence of the claim of 40 beheaded babies, the mass rave slaughter, or the attack aiming to target civilians. The original source for the 40 beheaded babies claim was a radical settler who has advocated genocide of Palestinians. We have been given an alleged picture of the charred remains of a baby by the Israeli government. We do not know how or where this baby died. Stories of atrocities were reported on uncritically by the mainstream media across the West.
5. Israel's defense minister said they were fighting "human animals" and cut off all water, electricity, fuel and food into Gaza. At the same time, Netanyahu told the Israeli people to prepare for a long war, meaning Israel intends to starve Gaza's civilian population of essential supplies for a long time. Collective punishment is a war crime.
6. Norman Finkelstein, the world's foremost expert on the Israel/Palestine conflict, said he believes the denial of food and water to Gaza, and the promise of a long war, constitutes the beginning of a genocide against the people of Gaza.
7. An elected member of the Israeli ruling party called for a "second Nakba" on the Palestinians. Another member of the Israeli Knesset said there are "no innocents in Gaza", and advocated "flattening" it. The Israeli President said tonight that there are no innocent civilians in Gaza: "It's an entire nation out there that is responsible".
8. Israel killed hundreds of civilians in a terror bombing campaign and dropped outlawed white phosphorus on the densely populated Gaza strip. Medics in Gaza say ambulances and health facilities have been targeted by IDF missiles.
9. After 6 days of bombardment, over 300 thousand people had been left homeless, and over 1,500 Palestinians dead. As of the latest reports, about 600 children have been killed.
10. Last night, Israel gave over 1 million people a days notice to evacuate half of Gaza, intending to flatten the area in a ground invasion. There is credible video evidence that Israel did not respect it's commitment to avoid bombing the main roads used for evacuation, and bombed a truck carrying dozens of civilians.
11. Tonight, Israel announced it would cut off the internet from Gaza, meaning the horrors it is about to enact on the population will be hidden from the world.
These are facts. If you state them, you will be accused of defending terrorism, or being antisemitic, but they are the facts.
When talk of collective punishment, ethnic cleansing, and outright genocide are being normalised among supposedly respected voices, we should be very skeptical of narratives being presented to us by the same people.
@benjamincowen @Dr_Konneh Thanks for Clarifying Ben. I am a big fan of your work, insights and the knowledge you bestow on your followers and was heartbroken when I found out you had ‘blocked’ me. All fixed now, thank you.
By 2030, tokenization of real-world assets will be a $16 TRILLION industry.
It will entirely transform real estate, private equity, stocks, bonds, and most forms of investing.
Here's what you need to know:
The altcoin market tends to bottom out much later than BTC... more blood to come?
$DOT $3.55 - $3.83
$MATIC $0.22 - $0.27
$SOL sub $10 again
$RUNE $0.60
If you think that these targets are not possible... did you believe back in February that the current prices were possible?
"The bursting of the Bitcoin bubble"
- The Economist, October 2011
People have been calling Bitcoin a bubble since it was worth $30 in 2011.
12 years later it's worth $30,000.
If you're still calling it a bubble or a fad, maybe now is the time to ask why you've been wrong so far.
Ignore the price for a moment. What is Bitcoin actually?
It's the solution to a global problem: How to store wealth long-term without the risk of debasement and seizure.
It's is a technological breakthrough.
Teslas are engineered to be the best car.
iPhones are engineered to be the best mobile device.
Bitcoin is engineered to be the best store of wealth.
Do you think investing in tech stocks is normal but investing in a technology that addresses one of the biggest problem on earth (storing value) is dumb? 🤔
The majority of people are storing their wealth in assets that leak value to inflation or debasement over time and are liable to seizure by increasingly capricious governments.
Sovereign debt, equities, real estate, gold, fine art... They are all imperfect stores of wealth, but they were the best we had until Bitcoin.
"But Bitcoin has no intrinsic value!"
Here's why Bitcoin is valuable:
It's Finite: There are only 21 million coins. There's no central banker who can debase your wealth.
It's Divisible: you can buy / sell $0.10 worth, or $10 Billion worth.
It Can't Be Seized: It can't be physically taken from you. There are ways to store it so that no external party can take it from you. You have full control over your property. Do you know anything else like that?
It's Supply Inelastic: Unlike almost everything else on earth, as the price of Bitcoin rises, there's no way to make more of it. That prevents the price from falling due to a sudden supply glut.
It's Portable: You can move anywhere in the world and have access to your Bitcoin without permission. It weighs nothing and you can move across borders without anyone knowing you own it.
It's Free From Counter-party Risk: The entire financial system could melt down around you. JP Morgan could go bankrupt. And you could still have your coins without needing to be bailed out by anyone.
It's Globally Accessible: Storing wealth is a global problem. And Bitcoin isn't jurisdiction specific. No one gets special treatment - it's a fair protocol available to all.
No other asset on earth has these combined characteristics. It had to be invented.
#Bitcoin was engineered as the ideal store of value.
It has gained more since March 2020 than the S&P500 has gained since the bottom of 2009.
It's not just some widget that anonymous people like me are hallucinating over.
Now that Blackrock, Fidelity, Deutsche Bank, Crédit Agricole, Citadel, and other large institutions are about to offer it to their clients you can either dig your heels in and say that they're just getting in on the scam, or you can try to understand why 70% of supply hasn't been sold in over a year despite large volatility.
Why are Billionaires stacking Bitcoin?
Why is famous trader Paul Tudor Jones saying he's "never sat on a horse as long as he's sat on Bitcoin?"
Are we all morons? I certainly don't feel like a moron watching investments 10x over a 4 year period.
The time to ask questions with an open mind is running out. The institutions are coming. And the fiat wave won't be far behind them.
The window of opportunity on the most obvious investment of our generation is closing.
You'll still benefit by stacking BTC at $300K a coin.
But you'll hate yourself for ignoring this tweet.
AI just killed Excel.
No more complex formulas and watching 10-hour tutorials.
Introducing Rows, the only AI Excel tool you will ever need (It's 100% free) 👇
Apple's most hyped event #WWDC23 is happening tomorrow!
Apple will announce its first AR/VR headset at this event.
It's a big step towards the Metaverse.
Here are 7 metaverse coins to grab before they 100x:
India is making a major geopolitical gambit to connect the Middle-East
If India's plan succeeds, it may unleash billions in trade
It would help counter China's influence & secure 🇮🇳's reputation as a player in the region
🧵on the economic master plan you need to know about
Everyone uses Upwork to hire cheap virtual assistants.
Yawn. Duh.
Did you know you can also use Upwork to:
- Save 90% on software
- Find off market real estate
- Save 95% on leads
- Get new marketing ideas
- Get intel on competitors
I’ll show you how in 9 tweets below:
An explainer on what is going on with Silicon Valley Bank:
- In 2021 SVB saw a mass influx in deposits, which jumped from $61.76bn at the end of 2019 to $189.20bn at the end of 2021.
- As deposits grew, SVB could not grow their loan book fast enough to generate the yield they wanted to see on this capital. As a result, they purchased a large amount (over $80bn!) in mortgage backed securities (MBS) with these deposits for their hold-to-maturity (HTM) portfolio.
- 97% of these MBS were 10+ year duration, with a weighted average yield of 1.56%.
- The issue is that as the Fed raised interest rates in 2022 and continued to do so through 2023, the value of SVB’s MBS plummeted. This is because investors can now purchase long-duration "risk-free" bonds from the Fed at a 2.5x higher yield.
- This is not a liquidity issue as long as SVB maintains their deposits, since these securities will pay out more than they cost eventually.
- However, yesterday afternoon, SVB announced that they had sold $21bn of their Available For Sale (AFS) securities at a $1.8bn loss, and were raising another $2.25bn in equity and debt. This came as a surprise to investors, who were under the impression that SVB had enough liquidity to avoid selling their AFS portfolio.