While #Bitcoin is often accused of being used for money laundering, it is actually cash that is used to move money without traces. 90% of money laundering crimes go undetected with $800 billion to $2 trillion being ‘laundered’ each year. The United States makes up to 38% of the money laundered globally. With that said, it doesn’t seem that KYC and AML regulations are useful at all.
Banks are fined for failing to comply with laws and regulations or for cases of money laundering. In 2022 banks paid $1.8 Trillion in fines. The institutions hit with the biggest fines are as follows:
Bank of America: $225 million
Citigroup: $200 million
Goldman Sachs: $200 million
Morgan Stanley: $200 million
Credit Suisse: $200 million
Barclays: $200 million
Deutsche Bank: $200 million
Nomura: $100 million
Jefferies: $80 million
NEW: The Walgreens at 16th/Geary in San Francisco has chained up the freezer section ⛓️
Workers said normally shoplifters clean out all the pizza and ice cream every night. They’re usually hit 20x a day. The whole store is virtually locked up.
https://nostr.build/av/64f201381bd52b6b6be55dd092066df100fc58d2ac10f6a5db0e7ca568259c28.mp4
When money ⬇️ depreciates in value, incentive to steal goes ⬆️
When money ⬆️ appreciates in value, incentive to steal goes ⬇️
Study #Bitcoin
NEW: The Walgreens at 16th/Geary in San Francisco has chained up the freezer section ⛓️
Workers said normally shoplifters clean out all the pizza and ice cream every night. They’re usually hit 20x a day. The whole store is virtually locked up.
https://nostr.build/av/64f201381bd52b6b6be55dd092066df100fc58d2ac10f6a5db0e7ca568259c28.mp4
The war on cash is heating up in 🇦🇺 Australia 😮
"Bank branches without money? WTF! That's like having a petrol station with no fuel! Do they expect people to call into the branch just to say hi and have a chat," one depositor said. 👀
USA 🇺🇸: George and Alex Soros have already started donating resources to Joe Biden's campaign for the 2024 elections, according to a report published by Fox News.
USA 🇺🇸: “Climate change is a threat to humanity” declared John Kerry (US Secretary of Climate Affairs) during his visit to China this Tuesday (18)
Brazil 🇧🇷: “The arms race makes it even more difficult to face climate change” declared Lula, this Monday (17), before the start of the meeting between the EU and CELAC in Brussels.
The two blocs differed on how to approach the war in Ukraine and are unlikely to reach a consensus in this round of talks.
The cost of cooking a classic Pizza Margherita in Italy continues to rise as olive oil prices soar. Rise in cost of ingredients to make pizza outpaces #inflation. Bloomberg custom index shows olive oil price up almost 27%.
Diversified funds can’t buy more tech giants – many of largest mutual fund firms running into limits in how much more big tech stocks they can purchase w/o running afoul of “diversification” rules. Combined mkt cap of 6 Big Tech comps has jumped to 57% of total Nasdaq 100 mkt cap.
#Germany where the people are getting poorer while Americans are getting richer. The @WSJ presents new shock figures on the econ decline of Germany & Europe: W/consumption spending in free fall, Germany tipped into recession at the start of the year, reinforcing a sense of relative econ, pol & military decline that kicked in at the start of the century.
And there will come a time when people will understand that #Bitcoin is nothing more than a way of storing lifetime and energy, and at maturity, that the price increase will perhaps be a function of the growth of M1, M2 and world GDP.
Ok what's next?
#memes #memestr
One day you’ll be able to tell your grandchildren that not only did you survive #Bitcoin’s worst performance period to date but you used the time to grow your stack 👀🙌
NEW: 🇨🇳 Chinese new 🏘 home prices unchanged in June, weakest result YTD, Policymakers facing pressures for more stimulus as the country's economy struggles to recover. 👀 😮
M2 money supply has never contracted this hard, this fast 😮
The printer is coming…👀
NEW: Strike users can now DCA #Bitcoin straight from their bank account 👀🙌
https://nostr.build/av/3d7e7044d9d71f02ac7b296ddffeee833187901217e698bc2bab00b4f39cd7a4.mp4