🧵What happened Sept. 30th? The US Corporation ended, end of US Gov fiscal year, Vatican returned funds, commercial traders went from short to long silver, CEOs resigned, rumors of 2 banks failing. #XRP#CreditSuisse#DeutscheBank#Dalio 1/4
It sure seems like the Fed/banks are out of money. Cash is running low and funding is drying up. If the internet goes down soon, the financial system will be rebooting to a new one, imo. 2/4
As David Schwartz said, “We are in the middle of rebuilding the financial system.”
It’s being fixed under the radar and under our noses. Our financial system changed Sept. 30th and is still transitioning. If the internet goes down, that’s the switchover. 3/4
Both Credit Suisse and XRP are said to “rise like a Phoenix from the ashes.” See the video bit.ly/3CybSCP 4/4
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Thread: China #Evergrande Group is being marked to $0 today and removed from ETFs. After the Chinese company defaulted last year, they are being removed from investment vehicles. It is in emerging market and global ETFs. 1/4 solactive.com/suspension-rem…
Not only r the ETFs being marked down, but they r probably rebalancing (adjusting all the percentages of investments owned by country) & since they r overseas investments, global funds would be selling their US allocation & buying other investments to replace Evergrande. 2/4
According to Google, "Evergrande is the world's most indebted property company, with more than $300 billion in total liabilities, which include nearly $20 billion of international bonds all deemed to be in default after a run of missed payments late last year." 3/4
One of the areas that Brad Garlinghouse said he wants #Ripple to expand is in the area of carbon credits and "supporting growth in carbon credit tokenization functionality."
This is a huge market and it seems to me this is the first expansion by
Ripple outside of its realm of cross-border payments. Brad told us Ripple would be like Amazon, who started marketing books first, then expanded into other areas. The announcement of Ripple’s $100M investment today is a step toward major growth. 2/3
Ripple is knocking it out of the park! This week, we learned about #ODL brought to FINCI in Lithuania & it will open up a new corridor between Europe & Mexico.
🧵Thread #XRPL#Ripple#XRP 1/5
We also are hearing good things in court and Ripple is certainly leaps and bounds ahead of the SEC, who is looking quite foolish. 2/5
We also heard from esteemed consultant CapGemini that "Ripple Labs has been able to stand out from the crowd early on by partnering with banking giants & making its XRP-powered solutions go live across the globe, successfully." 3/5
Thread: During my interview with @linqtoinc COO, Joe Endoso, he compared #Ripple to Coinbase, before it’s IPO. Coinbase was valued at $8B before it’s phenomenal IPO, which is lower than Ripple’s last venture capital funding round (at a valuation of $10B). 1/8
“Coinbase went from $8B to $32B & got as high as $85B, before the stock market correction. That gives you a sense of what the possibility might be for price appreciation under strong, as well as adverse market conditions, for Ripple.” 2/8
“Not only are you investing based on your belief that the fundamental value of this company is going to increase significantly in the future bc of the use case they have for XRP & the international payments processing space, but also bc it is a special situation.” 3/8
🧵Looks like May 4th & 5th interest rates may plummet: 1) After a negative GDP last month, why are people still expecting a .50% hike by the FED? I don't think it will happen, 2) Moody's can still declare Russia in default, because even though they paid the debt in dollars, 1/4
they were late. If Moody's declares Russia defaulted, interest rates will plummet. Interest rate derivatives would be caught off guard in the wrong direction, for both reasons. Also, not many are expecting a sharp rebound in stocks. 2/4 marketplace.org/2022/03/15/wha…
If the FED doesn't raise rates, the stock market will take off higher. This will catch many off guard. Shorts will have to buy stocks to cover the losses on their shorts, sending stocks HIGHER. 3/4
🧵I love listening to Brad G., because there are always nuggets of gold in what he says. I'm writing highlights from this interview at the Crypto Bahamas Conference (my comments r in parens). Full interview is here:
I'm going to loosely quote him, direct quotes will use quotation marks. First, he said his early interest in crypto was to answer how do we bridge between the crypto world and traditional world, rather than trying to compete or circumvent banks & gov'ts? 2/9
It was about interoperability, providing cross-border payments between legacy infrastructure in a future multi-chain world. Asked about stablecoins & CBDC's, he said "CBDC's r issued or potentially issued by a Central Bank (CB), so they're not solving cross-border problems, 3/9