Pets.com – The Burning Platform

Bitcoin down 70% in six months, but Litecoin says “hold my beer” – down 77% in six months and 20% since Friday morning. But Ripple says to Litecoin you “hold my beer” – down 85% in six months. I’m told by the “experts” on TBP to BTFD. These are can’t miss investments. They’ve crunched the numbers and they can’t miss. It’s a new paradigm. They are going to change the world – the 8chans and Q agree. Cryptos will set you free – of your life savings. It sure makes me long for the good old Dot.com days.

Via ZeroHedge

Crytpocurrencies have taken another ugly leg lower overnight – on no new news-driven catalyst – extending the losses from Japan’s FSA crackdown and sending Bitcoin back below $6,000 for the first time since Feb 6th.

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This is the lowest intraday print for Bitcoin since Nov 2017 (breaking the lows of 2018)…

But Bitcoin is actually the best performer since Japan’s FSA headlines while Bitcoin Cash and Litecoin are down 20% since Friday morning…

Continue reading “Bitcoin Tumbles To $5k Handle But “By No Means A Funeral For Crypto””

The minutes from the last Fed meeting were released on Wednesday afternoon. The minutes, along with a squadron of jabbering Fed heads lying about the economy doing great, pretty much locked in the most talked about .25% interest rate increase in world history. Evidently the Wall Street titans of greed have convinced the muppets higher interest rates are great for stocks, as the market soared by 250 points. As institutional money exits the market on these rigged up days, the dumb money retail investor buys into the market with dreams of riches just like they did with Pets.com in 2000, McMansions in 2005, and Bear Stearns in 2007.

The Fed has lost any credibility they ever thought they deserved by delaying this meaningless insignificant interest rate increase for the last three years, so they will make this token increase in December come hell or high water. They want to give themselves some leeway for easing again when this debt saturated global economy implodes in the near future. The Fed is trapped by their own cowardice and capture by the Wall Street cabal. If they raise rates the USD will strengthen even more than it has already. The USD is already at 11 year highs. It has appreciated by 25% in the last year versus the basket of world currencies. The babbling boobs on the entertainment news channels authoritatively expound with a straight face about the rise in the dollar being due to our strong economic performance. It’s beyond laughable, as the economy has been sucking wind since the day the Fed turned off the QE spigot in October 2014.

Chart of the Day