@puppbaby two images to consider
Regulators are trying to kill leveraged and inverse ETFs!
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SOL
- Power VS Force
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Re: Regulators are trying to kill leveraged and inverse ETFs!
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply
The end is always near; its the beginning and how you live each moment that counts the most
The end is always near; its the beginning and how you live each moment that counts the most
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bpcw
- Black Belt
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Re: Regulators are trying to kill leveraged and inverse ETFs!
I occasionally take a look at comments on etoro platform.
Definitely appears there is much more gloom, the buy the dip comments seem to have dried up and confidence has risen amongst those shorting or on the side lines with predictions of massive downside and charts from crashes going back to the 1970's etc. It was similar Mar 2020!
Definitely appears there is much more gloom, the buy the dip comments seem to have dried up and confidence has risen amongst those shorting or on the side lines with predictions of massive downside and charts from crashes going back to the 1970's etc. It was similar Mar 2020!
The person without the Spirit does not accept the things that come from the Spirit of God but considers them foolishness, and cannot understand them because they are discerned only through the Spirit.
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Eric
- Advanced
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Re: Regulators are trying to kill leveraged and inverse ETFs!
Ha! Good thing I got busy at work and didn't get to do this...
Today is the last day for public comment. If you've got something to say about restricting or banning leveraged and inverse etfs, now is the time to say it.
-FOMOing in is how the masses loose their asses.
-"forget bitcoin, focus on your balls......." -Stefk
-Misinformation: noun, information that is true and correct and might lead people towards freedom and autonomy instead of tyranny and slavery.
-"forget bitcoin, focus on your balls......." -Stefk
-Misinformation: noun, information that is true and correct and might lead people towards freedom and autonomy instead of tyranny and slavery.
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Budge
- Black Belt
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Re: Regulators are trying to kill leveraged and inverse ETFs!
Not all the regulators have their eyes on:
"Credit Unions and Banking Groups Warn of “Devastating Consequences” of a U.S Central Bank Digital Currency"
"The letter was sent on May 25, one day before the Committee convened a hearing on “Digital Assets and the Future of Finance: Examining the Benefits and Risks of a U.S. Central Bank Digital Currency.” That hearing took testimony from only one witness, Lael Brainard, the Vice Chair of the Federal Reserve."
“Private money is created through financial intermediation by banks and credit unions– the process in which financial institutions take deposits and lend out and invest those deposits. Private money is used by financial institutions to provide funding for businesses and consumers and thus supports economic growth. Introducing a CBDC would be a deliberate decision to shift some volume of private money to public money, with potentially devastating consequences for the cost and availability of credit for consumers and businesses. In sum, the savings of businesses and consumers would no longer fund the assets of banks – primarily, loans – but instead would fund the assets of the Federal Reserve – primarily securities issued by the Treasury Department, Fannie Mae, and Freddie Mac.”
In a similar vein, the letter warns:
“In effect, a CBDC will serve as an advantaged competitor to retail bank deposits that will move money away from banks and into accounts at the Federal Reserve where the funds cannot be lent back into the economy. These deposit accounts represent 71% of bank funding today. Losing this critical funding source would undermine the economics of the banking business model, severely restricting credit availability, increasing the cost of credit, and causing a slowdown of the economy. ABA estimates that even a CBDC where accounts were capped at $5,000 per ‘end user’ could result in $720 billion in deposits leaving the banking system.”
Last year, Saule Omarova was put forward as FJB’s nominee (who are we kidding? The nominee of whoever has the hand up the back of this dummy) to head the Office of the Comptroller of the Currency, the regulator of national banks (those that operate across state lines). Thankfully she withdrew her nomination. Just as well:
"In October of last year, the Vanderbilt Law Review published a 69-page paper by Omarova in which she proposed not just a Central Bank Digital Currency but a hair-raising, radical restructuring of the Fed that would include the following:
(1) Move all commercial bank deposits from commercial banks to so-called FedAccounts at the Federal Reserve;
(2) Allow the Fed, in “extreme and rare circumstances, when the Fed is unable to control inflation by raising interest rates,” to confiscate deposits from these FedAccounts in order to tighten monetary policy;
(3) Allow the most Wall Street-conflicted regional Fed bank in the country, the New York Fed, when there are “rises in market value at rates suggestive of a bubble trend,” such as with technology stocks today, to “short these securities, thereby putting downward pressure on their prices”;
(4) Eliminate the Federal Deposit Insurance Corporation (FDIC) that insures bank deposits in the U.S. and that prevents panic runs on banks;
(5) Consolidate all bank regulatory functions at the OCC – which Omarova was nominated to head.
By early November, Omarova was facing even more controversy when it was revealed that she had called the very industry that she had been nominated to supervise the “quintessential a**hole industry” in a 2019 Canadian feature documentary. Omarova eventually withdrew her nomination after it became clear she did not have the votes to be confirmed."
https://wallstreetonparade.com/2022/05/ ... -currency/
All this from "the idiots guide on how to destroy a country in the blink of an eye".
"Credit Unions and Banking Groups Warn of “Devastating Consequences” of a U.S Central Bank Digital Currency"
"The letter was sent on May 25, one day before the Committee convened a hearing on “Digital Assets and the Future of Finance: Examining the Benefits and Risks of a U.S. Central Bank Digital Currency.” That hearing took testimony from only one witness, Lael Brainard, the Vice Chair of the Federal Reserve."
“Private money is created through financial intermediation by banks and credit unions– the process in which financial institutions take deposits and lend out and invest those deposits. Private money is used by financial institutions to provide funding for businesses and consumers and thus supports economic growth. Introducing a CBDC would be a deliberate decision to shift some volume of private money to public money, with potentially devastating consequences for the cost and availability of credit for consumers and businesses. In sum, the savings of businesses and consumers would no longer fund the assets of banks – primarily, loans – but instead would fund the assets of the Federal Reserve – primarily securities issued by the Treasury Department, Fannie Mae, and Freddie Mac.”
In a similar vein, the letter warns:
“In effect, a CBDC will serve as an advantaged competitor to retail bank deposits that will move money away from banks and into accounts at the Federal Reserve where the funds cannot be lent back into the economy. These deposit accounts represent 71% of bank funding today. Losing this critical funding source would undermine the economics of the banking business model, severely restricting credit availability, increasing the cost of credit, and causing a slowdown of the economy. ABA estimates that even a CBDC where accounts were capped at $5,000 per ‘end user’ could result in $720 billion in deposits leaving the banking system.”
Last year, Saule Omarova was put forward as FJB’s nominee (who are we kidding? The nominee of whoever has the hand up the back of this dummy) to head the Office of the Comptroller of the Currency, the regulator of national banks (those that operate across state lines). Thankfully she withdrew her nomination. Just as well:
"In October of last year, the Vanderbilt Law Review published a 69-page paper by Omarova in which she proposed not just a Central Bank Digital Currency but a hair-raising, radical restructuring of the Fed that would include the following:
(1) Move all commercial bank deposits from commercial banks to so-called FedAccounts at the Federal Reserve;
(2) Allow the Fed, in “extreme and rare circumstances, when the Fed is unable to control inflation by raising interest rates,” to confiscate deposits from these FedAccounts in order to tighten monetary policy;
(3) Allow the most Wall Street-conflicted regional Fed bank in the country, the New York Fed, when there are “rises in market value at rates suggestive of a bubble trend,” such as with technology stocks today, to “short these securities, thereby putting downward pressure on their prices”;
(4) Eliminate the Federal Deposit Insurance Corporation (FDIC) that insures bank deposits in the U.S. and that prevents panic runs on banks;
(5) Consolidate all bank regulatory functions at the OCC – which Omarova was nominated to head.
By early November, Omarova was facing even more controversy when it was revealed that she had called the very industry that she had been nominated to supervise the “quintessential a**hole industry” in a 2019 Canadian feature documentary. Omarova eventually withdrew her nomination after it became clear she did not have the votes to be confirmed."
https://wallstreetonparade.com/2022/05/ ... -currency/
All this from "the idiots guide on how to destroy a country in the blink of an eye".
..whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government..