So currently
, 
and 
actually hold crypto intentionally, and
, 
, 
, and 
hold it because it has been “seized through law enforcement action in connection with criminal activity.”I think that tells us all we need to know.
Meanwhile, US treasury bond prices are dropping and the EUR is up 4% so far this week against the USD.
Others have pointed it out: in addition to the points covered in the article, there are people who are very on-paper rich because of cryptocurrencies, but would struggle to cash out without crashing the value.
Unless a major government started buying a lot of crypto coins.
Yes, but they will have to buy it from China.
More on Felon47’s tariffs:
The impact of last month’s boycotts and discussion of ongoing/upcoming efforts to hit corporations in the wallet:
(hmm… not sure where this one belongs) i know people who really (overly) trusted 538 for national statistical trends. (i became a cause for eye-rolls whenever i cast doubt upon their results); so now they’re wiped out. wonder whom the political class will trust now? (just please… not rasmussen)
Disney/ABC shuts down FiveThirtyEight amid ‘sweeping layoffs’
Friday, March 07, 2025 at 10:36:20a PST
Five Thirty Eight, the political data site set up by Nate Silver in 2008, is being shut down by its owner, Disney/ABC.“It’s a very somber scene in the building—people crying and upset,” a network staffer told Status News’ Oliver Darcy. “Lots of panicked phone calls between staffers trying to make sense of it.”
….
“It’s a massacre,” an ABC News employee told Darcy, while another staffer compared the dire situation at the network to the dystopian Netflix series Squid Game.
“You just feel like you’ve made it to level seven of ‘Squid Games’ at this point if you’ve survived,” the > employees stated. “I’ve actually thought of this a lot," the person said. "I don’t know if you have watched ‘Squid Game,’ but they put you in teams and they pit you against each other. And then they just watch and it’s brutal. And then even the people who win the prize in the end … they’re so unhappy. That is literally network TV.”
Silver wasn’t part of the job massacre. He left the site in 2023. …
(yeah Silver bugged out to go make a buck telling conservatives what they want to hear)
A concise summary of what the EO actually says, what it means, how it is to be implemented, and some knowledgeable speculation about where it may lead to.
Tesla’s market capitalization was all smoke and mirrors before Elno started propping up T****. Now, there’s a breeze blowing and all those suckers who invested in it are seeing through the illusion.
I don’t understand why it hasn’t self corrected. Isn’t that what the market is supposed to do? The cars are not any more reliable than others on the market (if anything, less) and they sell a fraction of the big car companies yet are valued at 5-10x their price.
It’s definitely in the zone of conspiracy-theory: but any time a potent destroyer of western democracy (and that’s got to include musk inc) is financially propped-up (failing business ventures saved, political campaigns funded, Deutsche Bank loans made good…) one suspects international money flows. Mostly via putin or Saudi, one suspects.
That and the idea being floated for 100% tariffs by Canada on Teslas.
That’s what they tell us, but we got to remember… the markets are not “free” things… they are based on the actions of people, sometimes lots and lots of people, who are not “rational” actors, as the right wing economists love to pretend, but… you know, people.
The Free market ideology is a lie and always has been, it’s just that markets are vast and complicated institutions, so they seem pretty opaque.
They shouldn’t stop there. This is Musk, make it 420%.
The Invisible Hand clutches it’s Invisible Pearls!
I suggest 1488%.
That point comes up a lot during this short interview with Robert Reich:
