Anybody Buying Yet? Where’s the Bottom?

I'm not an oil guy outside of swing plays with DO and the like. While this appears to hint pro oil, it was very informative.

 
Looking like Hair Pie is going to be the fall guy for this and that will be the end of it.

Wow, if it's true, it's BS. Thanks for the link 👍🏻

There does need to be better regulation though to protect the public. We've got a large publicly-traded US-based exchange (Coinbase) that reports to the IRS and verifies liquidity and people are instead using Bahamas-based exchanges because they don't know what they're getting into.

Politicians have been using government contracts and positions to reward family and friends since the beginning of time. They'll keep finding new ways to bilk taxpayers as long as they don't end up behind bars.
 
Wow, if it's true, it's BS. Thanks for the link 👍🏻

There does need to be better regulation though to protect the public. We've got a large publicly-traded US-based exchange (Coinbase) that reports to the IRS and verifies liquidity and people are instead using Bahamas-based exchanges because they don't know what they're getting into.

Politicians have been using government contracts and positions to reward family and friends since the beginning of time. They'll keep finding new ways to bilk taxpayers as long as they don't end up behind bars.
SBF was lobbying his DC contacts to regulate crypto.....in a way that would favor SBF and FTX.


The owner of Binance didn't like what he was up to and took him out. Wild Wild West.
 
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The appeal of offshore Suriname is amplified by the fact that the oil discovered to date has been light to medium with low sulfur content. That means it is cheaper and easier to refine into high-quality fuels, and there is a low carbon cost associated with its extraction compared to the heavier sourer oil grades produced in Venezuela, Colombia and Ecuador. Projects in Suriname have an estimated breakeven price of $40 per barrel Brent, which is expected to fall further as development ramps up, and vital infrastructure is put in place. For these reasons, offshore Suriname is an appealing investment jurisdiction for international energy companies, particularly when it is considered that many Latin American countries have far higher breakeven prices.

According to Staatsolie, data is has obtained points to offshore Suriname containing up to 30 billion barrels of recoverable oil equivalent resources.
 
2 months is a lot of time in the investment world. This interview didn't age well.🙂


One big shell game.

Someone who I really like to follow the writings of is Eric Weinstein. He has a dramatic and an arguably kooky side, but over years of following him I admire his ability to make unpopular predictions that often come true and looks at issues from angles I don’t. Something he says often, and has been saying for a good decade,

“The idealism of every era is usually the cover story of its greatest thefts.”
 
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Someone who I really like to follow the writings of is Eric Weinstein. He has a dramatic and an arguably kooky side, but over years of following him I admire his ability to make unpopular predictions that often come true and looks at issues from angles I don’t. Something he says often, and has been saying for a good decade,

“The idealism of every era is usually the cover story of its greatest thefts.”
So what does he consider this era's idealism? Wokeness? Climate alarmist? Socialism? Facism? Nationalism? Stew of all the above?
 
So what does he consider this era's idealism? Wokeness? Climate alarmist? Socialism? Facism? Nationalism? Stew of all the above?

He and you are a lot smarter than me on this stuff, but if I had to guess, in reference to SBF and FTX, I think two idealisms that turned out to be cover stories for something not-so-good, that have now been snagged from the clouds and slammed into earth's surface, would be Crypto as unassailable, and Effective-Altruism as unquestionable.

Oversimplified I know
 
So what does he consider this era's idealism? Wokeness? Climate alarmist? Socialism? Facism? Nationalism? Stew of all the above?
Defi. Your list is more submovements. What you can get more people on board with is just hating government control of monetary systems.
 
He and you are a lot smarter than me on this stuff, but if I had to guess, in reference to SBF and FTX, I think two idealisms that turned out to be cover stories for something not-so-good, that have now been snagged from the clouds and slammed into earth's surface, would be Crypto as unassailable, and Effective-Altruism as unquestionable.

Oversimplified I know
I can make it more simple. People believe what they want to believe. I never heard of this fruit loop SBF before all this. This theft is chump change in the grand scheme. If you were dumb enough to invest with this guy after listening to him for 10 seconds, you deserve to lose your money.🙂
 
How deep into bitcoin is Micheal Saylor again? He was spewing bitcoin as a fiat alternative nonsense all last year. He must be down at least 20%
 
If this accounting of SBF's actions is accurate, then it's more sinister than I originally thought. I was hoping it was merely greed, but it may have been an intentional act?

Bitcoin is the big ponzi in the sea of crypto ponzi's. No interest from me in it.
 
FIFY SAJ.
What it is really all about.
That is what makes it so appealing to large group. You don't have a positive view of crypto, but can agree on the principle of government control (Fed in this case) being bad. Any idealistic view with a broad enough base lends itself to fraud. The funny thing is we didn't always have a Federal Reserve. We humans like to write stuff down, so anyone can look back at history and see how previous events without a Fed to control money supply turned out. Ironically, as much as we like to write stuff down, we also hate to read stuff.
 
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