4th August 2023 > > Scams and politics.

tl;dr

More scams and politics.

Market Snap

Market Wrap

Andrew Bailey, Governor of the Bank of England, who is personally responsible for ramping up the money supply during a disastrous period of closing the economy down, has just approved another interest rate rise even when faced with the blindingly obvious risk of recession.

This is the same Andrew Bailey who spent much of his time earlier in his tenure promoting and prosecuting the idea that gender is not relevant to the capability to give birth to another human being.

Agree with him or not, I just don’t care.

But I doubt that a focus on gender issues is in his job description. Which does go a long way to explain our current problems.

Curious Cryptos’ Commentary – CoinPedia

Total scam site, shilling ****coins, fake wallets, fake exchanges, and all the rest.

https://coinpedia.org/

Have a look around. Here’s one example of a red flag:

“Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World.”

Called CoinPedia at the top of the home page, these scammers can’t even be consistent in the use of capital letters when self-referencing.

There are more red flags on the site. To be fair, I have given you two already. I am sure you clocked the second.

But how’s this for a challenge? Spend an entertaining 5 minutes – and no more – to see if you can beat my total of twelve examples of obvious scammy feral nonsense.

The winner gets a free lunch with the CCC crew. Can’t say fairer than that.

This site is a classic of its genre (North Korea is the most likely source but maybe it’s based in eastern Russia). Take up my five-minute challenge. Win or not, when you see the same type of feral scumbag approach elsewhere you will recognise it for what it is and move on.

Curious Cryptos’ Commentary – US Politics

Elizabeth (“I am building an anti-crypto army”) Warren and Bernie (“I am building an anti-wealth army”) Saunders have joined forces to moan about crypto taxes:

https://www.warren.senate.gov/oversight/letters/warren-casey-blumenthal-sanders-call-on-treasury-irs-to-rein-in-crypto-tax-evaders-close-50-billion-crypto-tax-gap

With a predicted fiscal deficit for the US of $1.4 TRILLION this year I politely suggest that the problem is the spending side of the ledger, not the raising side. But this is just a personal view. I suspect it is fuelled by the almost instantaneous rejection by my personal banker to my proposal of that sort of size of overdraft.

It seems the only sensible (and I use the adjective in the broadest sense of the term) man on the Warren/Saunders’ spectrum of the political argument is Senator Robert F. Kennedy Jr. who is proposing to ban taxes on cryptos.

I do wish the most incredible technological innovation of all time was not so politically partisan.

But it is, and that is not of my making.

…

But then again, has Joe Biden kept his enthusiasm for BTC secret all this time?

https://twitter.com/JoeBiden/status/1687120734793986048