Simple. He’s a court jester. He’s there to distract and amuse, not inform and empower.
https://www.reddit.com/r/Bitcoin/comments/137st1c/how_does_cramer_still_have_a_job/
The word buffoon comes to mind.
Or a lot of booze
But Jay Powell said everything is fine....
It looks like PacWest for sure, and then markets don't seem too certain about Western Alliance, either.
POWELL: U.S. BANKING SYSTEM IS SOUND AND RESILIENT Narrator: we just had over half a trillion $ in bank failures in the past month https://twitter.com/zerohedge/status/1653830260431941632/photo/1
But this time he means it.
The Great Orange-Pilling
I also have that gnome standing on a miner. 😎
Thanks for the thought. I'm set up but Wallet of Satoshi is giving me fits...periodically can't send, internet connection errors, cant recive, etc. Just switched back to getalby and Zeus mobile. More reliable.
In addition to the Wells Fargo CEO, the Citi CEO is also reassuring us that the banking industry is strong. They have no reason to lie, right?
https://finance.yahoo.com/news/citi-ceo-the-us-banking-system-is-strong-and-safe-203546426.html
https://finance.yahoo.com/news/wells-fargo-ceo-says-regional-212239037.html
https://finance.yahoo.com/news/citibank-ceo-very-pleased-first-141114461.html
They are even dragging out the CEO of the banking industry's bad boy, Wells Fargo, to beat the same drum - regional banks are strong. The powers that be must secretly be terrified of more collapses and bank runs - they are really trying hard to convince the huddled masses that everything is fine. Trust your government.
https://finance.yahoo.com/news/wells-fargo-ceo-says-regional-212239037.html
What do you think....Fed raises another 0.25% in the face of mounting bank collapses, then pauses?
The government subsidizes every other industry's decarbonizarion (steel, cement, pulp & paper, oil & gas, energy gen, etc), from subsidies to funding (free $)
But when there's a natural subsidy (Bitcoin mining reward), they tax it, pushing mining offshore to higher GHG emitting grids 🤦🏼♀️
https://news.yahoo.com/biden-proposes-30-climate-change-tax-on-cryptocurrency-mining-120033242.html
It is stunning to me how brain-dead these politicians are. But I suspect the rich bankers that have the politicians (like Biden, Warren, et al) in their back pockets might be behind this.
Peter Schiff: Joe Biden Is Rewarding People With Bad Credit https://www.zerohedge.com/political/peter-schiff-joe-biden-rewarding-people-bad-credit
While we don't agree about Bitcoin, Peter Schiff and I can agree on this.
I'm reminiscing about the good ole' days when I could get by with a 2 sats/vB transaction.
But I thought Jamie "The Chosen One" Dimon, the Fed, the IRS and the White House just reassured us that everything was fine in the US banking system! They wouldn't lie to us, would they?
I thought grave robbing was illegal? Maybe not when approved by the IRS, the Fed and the White House to save their asses?