Share this page!

Kevin Bambrough Profile picture
Twitter logo
4 Jan, 4 tweets, 2 min read
Coming soon to a crypto exchange near you… #cryptocrash #crypto scams. #garbagecoins #onebigfraud #dontbefooled gem.cbc.ca/media/dead-man…
All faith based coins are nothing more than a giant Ponzi scheme. Some stable coins will prove to be legit but I expect very few and those that are will be ones supported by regulated companies.
This giant fraud is being perpetrated greedy people that for the most part know well it’s a giant ponzi. They just hope to profit from it before it blows up. Giant greater fool game built on top of a nasdaq tech bubble
If you watch the cbc doc you will understand that what happened with this one crypto exchange is going to happen to most exchanges. There is very little actual cash available on the ecosystem and exchanges will be blowing up one after another this year as there is a run on them

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Kevin Bambrough

Kevin Bambrough Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @BambroughKevin

Kevin Bambrough Profile picture
5 Jan
@crypto if journalists were on the job they would be asking the crypto exchanges to go on record if they’ve engaged with swaps with tether and if so to declare the magnitude of the swaps they have.
Seems pretty obvious to me that Tethers commercial paper holders are nothing more than IOU’s from crypto wallet providers and crypto exchanges. The ‘ecosystem’ has pulled in crypto investor cash by the billions and given them tethers as an on ramp to begin trading crypto.
This will be the biggest story of 2022. The truth about the ponzi that is the crypto ecosystem is coming out. All those billions of inflows have in turn gone on to the balance sheets of crypto exchanges and used to fund huge advertising budgets that sucker in more people.
Read 4 tweets
Kevin Bambrough Profile picture
5 Jan
#cryptocrash underway as the ecosystem has barely any real cash in it. The billions that has been sent to digital wallet providers have been extracted and spent on advertising to get more suckers. I’m constantly inundated with crypto related adds.
My belief is that major exchanges have engaged in tether swaps to give them a source of cheap capital. They swap commercial paper with Tether (borrow $1bln at a time from Tether in exchange for giving Tether an IOU for $1bln) then buy $1bln worth of Tether with the phoney loan.
They then have a cheap source of capital as they have been transferring tethers to client accounts and taking their cash onto their own balance sheets.

That money has gone out the the ecosystem and been spent on advertising to sucker more people in.
Read 9 tweets
Kevin Bambrough Profile picture
5 Jan
Here’s the stats from Ontario Canada today.

Only modestly more likely to get covid without double vaccination.

+5x more likely to get hospitalized if unvaccinated

+17x more likely to end up in the ICU if unvaccinated Image
I’m of the belief that Covid is going to be basically over and done with after a peek in hospitalizations that will likely occur in the next 4-5 weeks at most.

Omicron and the following strains will take over and build herd immunity.
We will not be able to keep up with the mutations and spread. It’s now endemic.

Too contagious, so many people getting we will see so many strains and mutations now.
Read 6 tweets
Kevin Bambrough Profile picture
4 Jan
#Kazakhstan is a major exporter of #coal, #oil and #gas. Worlds largest exporter of #uranium

You can bet the answer will be to subsidize local consumption with export taxes. Domestic inflation in poorer commodity producing countries that are exporters will not be tolerated
We are entering a period of global commodity based inflation that will be driven but citizens in Chile and Peru wanting more benefit from copper and other metals. Oil and gas countries the same. Indonesia banning exports as the largest seaborne exporter of #coal
The governments will have to raise wages or create subsidize/export controls to make higher commodity prices affordable for there citizens. If not they will be over run or voted out.

Strikes will be common. The leverage is now flipped to be the producers vs the consumers
Read 6 tweets
Kevin Bambrough Profile picture
4 Jan
$tsla shareholders take such a myopic view when they celebrate and tout the companies performance. Let’s compare to Toyota.

Tsla $1T market cap and just over 1 million cars sold. Hoping for another 50% increase next year. Wow!…so what…

Toyota sells 10mln+ cars per annum
Toyota - The Alternative Powered Vehicles (APVs) category notes a new record with 134,160 in the Q3 (up 69% year-over-year), which stands for almost 28% of the total volume. Year-to-date it is 407,283 (up 123%).
Toyota has committed to spending $70b to ramp up EV sales to 3.5mm to annum level by 2030.
Read 6 tweets
Kevin Bambrough Profile picture
22 Dec 21
Germany: Coal tops wind as main electricity source dw.com/en/germany-coa…
And remember. This is just electricity consumption.

Consider all the fossil fuels used for cars, home heat, boilers, bbqs, stoves, trucks, boats, trains, planes. Etc.

Now also consider fossil fuels used in industry like steel, cement,
Then consider all the fossil fuels consumed in the production of there consumer goods purchased from china or other heavily coal powered countries. All the electronics, the copper, the plastics.

Then consider all the fossil fuels consumed in food production.
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @BambroughKevin has new unrolls!

Check out other threads from @BambroughKevin!

Read all threads by @BambroughKevin

:(