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FTX, Bitcoin, Crypto, Stock Market, Etc

Elsa
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 Elsa
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Allie
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@elsa Thank you! Will follow.

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Allie
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Money laundering.

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jana
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 jana
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SBF (Sam Bankman-Fried...oh the irony lol) lays it all out for all to see.

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Allie
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@jana Fuuuuuuck 😅

Thanks for posting that.

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Elsa
 Elsa
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@jana Sam told everyone what was happening, because if you know this and you decide to invest,  you are consenting.

Your consent matters, greatly. I can't think of the right word right now but it's akin to a lynch pin. It's critically important.

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jana
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 nona
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It was expensive political theater. 

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Elsa
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The entire stock market is set up exactly like FTX. It seems this is going to become common knowledge, imminently.  

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Allie
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@elsa yes. Banking, a lot, too.

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Elsa
 Elsa
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@allie120 yes, this is the element that can't be spoken of. It's an insta-ban on various platforms.

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Allie
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@elsa OH! 😵‍💫🤐

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Elsa
 Elsa
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It's like yelling fire in a theatre... Cause a stampede. 

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Allie
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@elsa I know many things we can’t talk about (on other places) but I didn’t know that was a thing. I guess I haven’t listened much in that arena.

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jana
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@elsa 

I got out awhile back. Crypto too. Farmland, metals, cash, gov. backed bonds ( that depends on your confidence in the gov. actually surviving however), even inventories of essential products for barter (I know that sounds scary)  etc. are better choices in this environment.

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Elsa
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@jana yesterday, someone (I have known for 25 years), told me that metals are as controlled and manipulated as anything else. Note this person and her husband have a good amount of money - zero investment in the stock market, ever in their lives... wealth is in real estate and metals for decades... their entire adult/married life.

I had not heard this before but as soon as I did, it seems obvious she's right. It's her opinion, gold should be 10K an oz and silver at least a couple hundred?

It's worth thinking about anyway.  After all these decades, she realizes she's been played. 

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Allie
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@elsa I’d heard that here and there, too.

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jana
 jana
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@elsa 

Yes, your friend is correct. I don't think of metals as a way to make money. More of a hard asset that would be recognized if the paper currency went down. So if the spot prices go up or down, I pretty much ignore it. I settled on a position that I think will help me in the "event" and just park it. 

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Allie
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@jana Yup. A lot of those things 👍

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Elsa
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bankman fried

Looks mocking.

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