• Daily Digest
    Bitcoin Crash?

    Daily Digest 1/11 – ‘Prepare to lose all your money’ — regulator’s blunt warning on bitcoin and other cryptocurrencies, ‘New York is not dead, but it is on life support’

    by Daily Digest

    Monday, January 11, 2021, 9:55 AM

Economy

‘Prepare to lose all your money’ — regulator’s blunt warning on bitcoin and other cryptocurrencies (adam)

The U.K.’s financial regulator on Monday issued a very blunt warning about the rise of bitcoin and other cryptocurrencies.

The warning was prompted by firms “offering investments in cryptoassets, or lending or investments linked to cryptoassets, that promise high returns,” the Financial Conduct Authority said.

UK Faces Tighter COVID Restrictions Amid “Extremely Perilous Moment”

Reports about England possibly being hit with even more restrictive lockdown measures amid concerns that people aren’t following the “Tier 4” restrictions closely enough are weighing on the pound Monday, while the world waits to see whether the most COVID-ravaged country in Western Europe will ratchet up restrictions even further.

According to the Telegraph, MPs are discussing rules banning people from different households who are not in the same “support bubble” from exercising together, a decision that would bring the restrictions more closely in line with the first lockdown in March.

‘New York is not dead, but it is on life support’

Andrea Wilhelm gave up her New York City apartment in August – and she’s not sure whether she will ever return.

The 30-year-old software designer loved living in New York – attending Broadway shows, frequenting dog parks, and the serendipitous walks of daily life. For nearly five years, she willingly paid the city’s premium rents and taxes, while commuting to work in another state.

DB Head Credit Strategist: “These Are Not Normal Markets”

After being back from holiday less than a week this year, many interesting themes are developing and I’m increasingly thinking that this is not going to be a low vol dull year. Let me stress that I think economic growth could increasingly get revised up once we hit Q2 onwards and that we could see some pretty major pent up demand once we get into the summer months. So it’s difficult to get too concerned about the economy.

Parler social network drops offline after Amazon pulls support

Parler has dropped offline after Amazon pulled support for its so-called “free speech” social network.

The platform had been reliant on the tech giant’s Amazon Web Services (AWS) cloud computing service to provide its alternative to Twitter.  It is popular among supporters of Donald Trump, although the president is not a user.

Stop Blaming COVID-19 Deaths On Population Density

One of the most persistent myths about the threat of COVID-19 is that it is inextricably linked with population density. Since March, this explanation has shown up in magazine articles and news reports both domestically and internationally. It has appeared in the speeches of mayors and governors and the columns of pundits from across the ideological spectrum.

It has also been thoroughly debunked.

The Inflation Debate That’s Roiling U.S. Markets Faces 2021 Test

They’re still in the minority, but investors and economists who think America is in for a bout of inflation — perhaps a serious one — start the year with some fresh ammunition for their arguments.

Vaccines hold out the prospect of an end to pandemic restrictions that could bring consumers roaring back. It’s what economists call pent-up demand –- a label that applies quite literally right now.

Twitter shares sink after Trump’s account deleted

Twitter Inc. shares were under pressure Monday after the social-media platform deleted President Trump’s account in a move the company said was done to prevent further violence.

Shares of the Palo Alto, Calif.-based company fell more than 10% at the opening bell, erasing more than $2.5 billion from Twitter’s $41 billion market capitalization. Facebook Inc. and Alphabet Inc. were also lower after Trump’s accounts were removed from their platforms

Gold & Silver

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Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”

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20 Comments

  • Mon, Jan 11, 2021 - 12:14pm

    #1

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2233

    10

    And now Ron Paul is blocked by Farcebook

    https://www.citizenfreepress.com/breaking/and-then-they-came-for-ron-paul/

    Glenn Greenwood says,

    Just pass a law that the internet is for liberals only.

    https://twitter.com/ggreenwald/status/1348710901277470721?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1348710901277470721%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.citizenfreepress.com%2Fbreaking%2Fand-then-they-came-for-ron-paul%2F

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  • Mon, Jan 11, 2021 - 1:10pm

    #2

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2233

    8

    Here’s a unique survival strategy built on “resilience”

    I would never phrase this strategy the way this author does because it’s needlessly divisive. But he’s got a good point. We'll never be able to seriously alter our society’s self destructive course no matter what we do or how hard we try. Maybe that could’ve succeeded decades ago. But now it’s too late. The best we can do is get resilient to survive and then be around to rebuild.

    https://www.theburningplatform.com/2021/01/11/calm-down-and-think-strategically/#more-231738

    ...

    My point is that the roots of our current mess go back a long, long time, through a lot of people, many generations, trillions of dollars, and thousands of government programs. The people living fat, dumb and happy under this stupidity today have known only this generational stupidity from birth. Stupidity is normal to them, thus social media.

    Here’s what I want you to get. The way out of this will not happen quickly. It’s not going to happen with a few more meetings down at the VFW hall. No militia will fix any of it, anywhere. No amount of demonstrating will fix this mess. Friends of mine work very hard to “get the right people elected.” That’s not going to fix anything permanently because the system to which they are elected is 1000% corrupt. Now it might slow the decline, as Trump is an example, and if you are doing this kind of work I applaud your passion. But it’s not the final solution any more than pouring a bottle of bleach into the East River will make it drinkable.

    Our country, and our whole world, is going to have to go through a broad bottom before it can rise to greatness again. Our national debt will have to be canceled, most likely through or resulting in war. We’ll have to build another system of wealth creation, not resting on debt based money. People worldwide are going to have to realize that when you sow the seeds of stupidity in any area, personal, financial, cultural, religious, sexual, governmental… you reap destruction.

    When I look into your eyes, I see that you understand there is a huge crash coming. They call it the Great Reset, and they would use it for world enslavement. But we call it the Great Opportunity, the chance to reinstitute personal responsibility, and the freedom such responsible people deserve.

    We have a big problem, though. Between now and the other side of this crash all the useless eaters government has created are going to have to either 1) develop some character and get a job, or 2) be abducted by aliens, or 3) die. Unfortunately, after a useless eater reaches about age 30, they are untrainable and will do nothing more than eat, uselessly, for life, crossing off option number 1. No self respecting alien civilization would have them, nixing number 2. Mr. Gates and company would choose number 3, but even without the elites’ sterilization programs the useless eaters will tragically starve. Regardless the scenario, they have no future without a nanny state, which is self destructing before our eyes.

    It really burns me up seeing the government waste human lives the way they do.

    When I look into your eyes, I also see you cannot stand the thought of letting America go under, admitting defeat. Well, the defeat is long past as it went under decades ago. Millions upon millions of the children of God with unlimited potential have already been born to baby mommas in housing projects and have lived meaningless, wasted lives as government slaves, whose only purpose is to vote ‘D’ in exchange for an EBT card. Millions of them have already died. Tens of millions more never even had a chance at a life outside the womb.

    The dye was cast before you and I were born. I hate it as much as you do, seeing all the wreckage of socialism and not being able to fix the system. I hate it.

    What should you and I do in the mean time, as it might be a few years until the ultimate crash? Well, nothing that you and I do will get rid of the 100 to 150 million being supported by the remaining working people in America. The government is paying these people to live leech lives, on yours and my income, and they are not going to let up. Growing government is all the lot of them know.

    No militia group or training maneuver is going to fix this mess. Neither will taking any physical ground in liberal enclaves.

    We have to wait.

    What for what? Wait for the crash. Even hurry up the crash. Go Galt. Pull your wealth and productivity out of the economy. Go dark. Go underground. Without your productivity, the welfare state dies. Step aside and let the lemmings rush off the cliff. Get out of the cities. Form groups of like minded people, not to take back the government, but to survive and thrive until it has imploded. Remember, even if you succeeded in transforming the government and paying off a hundred trillion in debt and unfunded liabilities, you would still have 100 million useless eaters to feed. Let the crash take care of that for you.

    It might be a few years coming, but it might happen even sooner. The bubbles are everywhere and ready to pop. The stock markets are so high they make Hollywood snobs look sober. National debt and the money supply are rising exponentially. China is practically demanding war, and Taiwan will soon be annexed. Christian persecution is sweeping the world. Stupidity is reaching critical ass.

    Let it happen. The system and the evil people running things deserve it all. The government dependents are going to be disillusioned, then angry, then violent, and then murderous, when they realize they have been duped and used. When the EBT cards stop working, they will burn every Walmart. When the cell network is turned off, they will burn the phone stores. When gasoline runs out, they will burn every gas station. When the police start shooting them in the streets, they will burn every government building...

     

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  • Mon, Jan 11, 2021 - 2:09pm

    #3

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2233

    5

    Acceleration: Farcebook bans all content containing the phrase “stop the steal”

    Yet they hounded Orange Man Bad for 4 years because his election was illegitimate. Hey Dave: they’re not even waiting until January 20 as you predicted.
    https://www.citizenfreepress.com/breaking/facebook-bans-stop-the-steal/

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  • Mon, Jan 11, 2021 - 2:19pm

    #4

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2233

    6

    Acceleration: allegedly Democrats to criminalize any MAGA rallies as domestic terrorism

    Paul Sperry
    @paulsperry_
    ·

    17h

    DEVELOPING: Democrats in both the House and Senate are planning to draft legislation to classify MAGA rallies as "domestic terrorist activity" and require the FBI, DOJ & DHS to take steps to prevent such "domestic terrorism." Sen. Durbin is leading effort along with Rep Schneider

     

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  • Mon, Jan 11, 2021 - 2:36pm

    #5

    sand_puppy

    Status: Platinum Member

    Joined: Apr 13 2011

    Posts: 2548

    21

    Go Dark. Go to Ground.

    I am feeling this also:

    Pull your wealth and productivity out of the economy. Go dark. Go underground. .... Step aside and let the lemmings rush off the cliff. Get out of the cities. ....  survive and thrive until the implosion is completed.

    Give up trying to convince family and friends, calling congressmen, signing petitions, pointing out hypocrisy.   Let the outrage go.

    Look closely at your own small circle.  How do I make it through?

    Get your head down and go quiet.

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  • Mon, Jan 11, 2021 - 3:07pm

    #6

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2233

    3

    Acceleration: Farcebook bans #walkaway movement

    https://humanevents.com/2021/01/08/facebook-bans-conservative-campaign-walkaway/

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  • Mon, Jan 11, 2021 - 4:01pm

    #7
    Chuck in Belize

    Chuck in Belize

    Status: Bronze Member

    Joined: May 23 2020

    Posts: 61

    11

    Accelerating. That's actually GOOD news.

    The more this collapse accelerates, the quicker it'll be over, and the more pieces there'll be to pick up out of all the rubble and carnage.

    It's like the Fed, trying to kick the can on, and on, one more little bit, one more time, buying a little more breathing space ... meanwhile the ultimate damage just gets worse and worse.

    I agree with SP. It's time to "Go Dark" and see to your own well-being and that of your family and those nearest you, that do NOT need any of your life's energy spent on "convincing."  The time for that is over.

    I got myself a copy of "The Art of War" by Sun-Tsu. It's pretty terse and "pithy" but there is Wisdom in these words written hundreds of years ago.

    I also understand Saul Alinsky.

    You can be for damn sure, "They" have read it, too.

    So, here we go. I hope this PP group can stick together, and avoid the self-destructive conflicts that seem to plague nearly every collection of folks, if they allow it to happen. I pray that PP will not be that way. I think it will take conscious effort for all of us, and I'll do my part.

    But I say again, Acceleration is Good. Let's get it over with. It won't be fun. But it's all part of the process that is not under our control. It probably never was.

    Chuck

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  • Mon, Jan 11, 2021 - 4:03pm

    #8

    SagerXX

    Status: Gold Member

    Joined: Feb 11 2009

    Posts: 479

    7

    Reposting here -- cuz it seems appropriate given the current comment thread

    The currently unfolding events signal the end of the US as we knew it.  Yes, yes, there have been plenty of signs since the 90s, accelerating after 9-11, but this is the big one:  the totalitarians are out of the closet and openly heralding their power to rule.  Dissent will be punished.  Biden says he’s going to destroy the NRA.  Free speech ain’t free anymore.  They are endeavoring to destroy small biz.  It’s over.  Not “fading,” not “in decline,” OVER.

    The sooner anybody gets their head around “It’s over,” the sooner they can understand what to do next.  I'll be in the garden...

    VIVA — Sager

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  • Mon, Jan 11, 2021 - 4:04pm

    #9
    FooBarr

    FooBarr

    Status: Member

    Joined: Oct 21 2010

    Posts: 77

    1

    Thanks thc0655, great article....

    Wow, that article sure has some ring to it....

    https://www.theburningplatform.com/2021/01/11/calm-down-and-think-strategically/#more-231738

    Thank god for living in fly-over country.

    Guess nows a good time to go retire old glory and then hoist a Bennington.

     

     

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  • Mon, Jan 11, 2021 - 5:13pm

    Mots

    Mots

    Status: Bronze Member

    Joined: Jun 18 2012

    Posts: 339

    6

    Go Dark go to ground

    Sandpuppy is right.
    My physical address and other contact information is available for anyone who would like to participate in a private net some time. ( just PM me) It has become extremely easy in recent years to get an amateur radio license, and it is also easy for third parties to listen in to debates and interviews over wide geographical areas in text mode, if they are part of the communication group.
    AK4VO

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  • Mon, Jan 11, 2021 - 8:00pm

    #11
    ao

    ao

    Status: Platinum Member

    Joined: Feb 04 2009

    Posts: 1442

    5

    i'm a gemini - i'm going dark some ways and light other ways

    Enjoy yourself, it's later than you think.

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  • Mon, Jan 11, 2021 - 8:14pm

    #12
    wotthecurtains

    wotthecurtains

    Status: Bronze Member

    Joined: Feb 27 2020

    Posts: 237

    9

    Go Dark go to ground

    I have been thinking about this in the context of "the next stage".

     

    Right now, you will get eye rolls if you talk about ivermectin or untested vaccines, but the same government and media that has your friends and family in a state of covid terror can create a darker caricature of those who don't follow the narrative.

    I worry we will see a time when offering to help a stranger/acquaintance/co-worker even with unorthodox advice could become a hazard.

    Chris talked about the govt behaving like an abusive lover a while back.  It got me thinking about a conversation I had years ago where a bunch of guys talked about times they had seen a woman threatened by a man in public where it was clear they were in a relationship.

    The question was, did you intervene and what happened...  Most of the men reported that then they confronted the abusive man, they found themselves fighting both him and the girlfriend who rushed to her abusers defence.

     

    If Chris' analogy is correct, you might go from being a weirdo today to being perceived as a real threat tomorrow if things get bad enough for people.   I don't predict this, but its something I plan to keep an eye out for.

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  • Tue, Jan 12, 2021 - 4:57am

    #13
    Nate

    Nate

    Status: Silver Member

    Joined: May 05 2009

    Posts: 501

    5

    History repeats

    Below is a link tracing the growth of Nazi Germany in the 1930's.  Change some of the words (like Nazi = progressive or Jew = Trump supporter) and some of the 'leaders'  names and we can see where this is going.

    https://encyclopedia.ushmm.org/content/en/article/german-police-in-the-nazi-state

    Echoing SP, Go Dark, Go Underground,  Go Galt.

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  • Tue, Jan 12, 2021 - 8:58am

    #14

    davefairtex

    Status: Member

    Joined: Sep 03 2008

    Posts: 2293

    5

    numbers matter

    So while I get the whole Jew = Trump supporter thing, realize the number of Jews in Germany were quite small in relation to the overall population.  Hitler was smart to pick on them.  There just weren't many of them.  You could actually ship them all off to camps without affecting the country much.

    The number of Trump supporters, on the other hand, is massive.

    What's more, we have this thing called the National Guard.  Trump-voter states have their own mini-armies, controlled by their Trump-voter-elected governors, and (I'm guessing) the Guard is also comprised of mostly Trump voters.  Do we imagine these Trump-voter soldiers will follow orders from Biden/Harris to shoot their own families in those Trump-voter states?

    The gang in charge is scared of Trump voters.  They don't want them talking.  Or voting.  Or doing anything.  Tweeting.  Posting.

    Every act I see from the gang screams to me: "we are terrified of Trump's voters."  None of the stuff they are doing codes as "brave and uncaring."  It's all driven by extreme fear.

    I'm not quite sure why.  Maybe they have a plan they know won't go over well with Trump voters.

    Regardless, I do not believe that the Nazi Germany recipe will work here.   Too many, too well armed, and - National Guard.

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  • Tue, Jan 12, 2021 - 9:56am

    #15

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2233

    3

    Various shades in the Thin Blue Line, and Democratic hypocrisy

    https://www.zerohedge.com/political/capitol-police-officers-suspended-over-dozen-investigated-supporting-capitol

    Several Capitol Police officers have been suspended and seventeen are under investigation for supporting a largely pro-Trump cadre of demonstrators who were allowed in to the US Capitol building last week, where they ran amok and posed for pictures while protesting the Electoral College vote count.

    Their actions, amid an otherwise civil protest, have upstaged allegations of election fraud and sparked a massive cancel campaign against all things MAGA - including Twitter alternative Parler. Congressional Democrats, meanwhile, have capitalized on the chaos to either impeach or censure Trump for 'instigating' the incursion...

    ...

    Meanwhile, thanks to the small group of (mostly) Trump supporters who breached the building, police officers and an Army psyops officer are under investigation for their participation in last week's demonstration - whether or not they were involved in the 'storming' of the Capitol.

    In Seattle, interim police chief Adrian Diaz confirmed that at least two officers had been placed on administrative leave and referred to internal investigations after the department received social media posts showing the officers in Washington. Residents of Troy, N.H., have also called for the resignation of Police Chief Dave Ellis after an interview he gave placed him at the pro-Trump rally.

    On Monday, the police force in Anne Arundel County, Md., announced that it has suspended an officer with pay as the agency works with federal authorities to determine what involvement the officer may have had. -WaPo

    In short, a subset of mostly peaceful protesters, and what appears to be a group of Capitol Police officers who supported their cause, are responsible for another potential Trump impeachment, the death of Parler, and 'sanctions' by corporate donors against GOP lawmakers who supported the Electoral College challenge, as part of a mass cancel campaign.

    Lastly - let's not forget that on Bill Clinton's final day in office, he commuted the sentences of a pair of radical leftists who bombed the US Capitol building in 1983 in an effort to kill GOP lawmakers. Who lobbied for their release? none other than Rep. Jerry Nadler (D-NY).

    If only cancel culture was a thing back then - and of course, the parties involved had been reversed.

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  • Tue, Jan 12, 2021 - 9:58am

    #16
    MarkM

    MarkM

    Status: Gold Member

    Joined: Jul 22 2008

    Posts: 469

    0

    Too well armed

    I believe that will be addressed early on in the Biden administration...with potentially disastrous results.

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  • Tue, Jan 12, 2021 - 10:16am

    #17

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 303

    1

    Will Ron Paul Be "Hedged"?

    All the ballyhoo about the oppressed right-wing of the political circus is just neo-counterculture trash. No one cries for Ralph Nader or Chris Hedges far as I can tell, and Assange is still twisting in the wind. Maybe this is why:

    "The appeal of the movement lies in the high ideals its radicals preach, the promise of a moral, Christian nation, the promise of a renewal. Its darker aims--seen in calls for widespread repression of nonbelievers; frequent use of the death penalty; legalization of abortion, even in case of rape and incest; and the dismantling of public education--will, if achieved, alienate many who support them. But this combination of a disciplined, well-financed radical core and tens of millions of Americans who, discontent and anxious, yearn for a vague, revitalized "Christian nation," is a potent new force in American politics. Dominionists wait only for a fiscal, social or political crisis, a moment of upheaval in the form of an economic meltdown or another terrorist stride on American soil, to move to reconfigure the political system. Such a crisis could unleash a public clamor for drastic new national security measures and draconian reforms to safeguard the nation. Widespread discontent and fear, stoked and manipulated by dominionists and their sympathizers, could be used by these radicals to sweep aside the objections of beleaguered moderates in Congress and the courts, those clinging to a bankrupt and discredited liberalism, to establish an American theocracy, a Christian fascism." --excerpted from American Fascists; The Christian Right and the War on America. (Free Press, 2006 by Chris Hedges)

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  • Tue, Jan 12, 2021 - 10:26am

    #18

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 303

    2

    Prepare to loose your "custodial" money

    Put a Fib on BTC from the Oct '20 period and BTC is still above 61.8. Spillt milk.

    But you absolutely can loose your money if to leave your crypto in the hands of the same crypes that have control of your dixie. How do we define madness again?

    "If you don't hold your keys, you don't have your coin"-Anton A.

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  • Tue, Jan 12, 2021 - 6:01pm

    Mohammed Mast

    Mohammed Mast

    Status: Gold Member

    Joined: May 17 2017

    Posts: 1198

    0

    Just pass a Law

    There is no need to pass a law that the Internet is for liberals only.

    The Internet providers make it de facto a liberals only need apply platform.

    Fahrenheit 451 2021 style. You will be happy.

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  • Thu, Jan 14, 2021 - 11:17am

    #20
    AcadieQuebec

    AcadieQuebec

    Status: Member

    Joined: Feb 25 2020

    Posts: 33

    0

    ElectroRAT Malware Drains Cryptocurrency Wallets?

    Not familiar with cryptocurrencies but this 'RAT' (Remote Access Trojan horse) is worth knowing about.
    Cross-Platform ElectroRAT Malware Drains Cryptocurrency Wallets

    Cross-Platform ElectroRAT Malware Drains Cryptocurrency Wallets

    Security researchers have discovered a new remote access trojan (RAT) used to empty the cryptocurrency wallets of thousands of Windows, Linux, and macOS users.

    Named ElectroRAT after being discovered in December (my edit: 2020), the cross-platform RAT malware is written in Golang and it was used as part of a campaign that has been targeting cryptocurrency users since the start of 2020.

    Thousands infected within a year

    The attackers behind the ElectroRAT operation created and injected their RAT into custom Electron applications made to look and behave like cryptocurrency trade management tools (Jamm​ and eTrade​) and as a cryptocurrency poker app (DaoPoker).

    After being launched on a victim’s computer, these apps would show a foreground user interface designed to divert the victims’ attention from the malicious ElectroRAT background process. (...)
    _________________

    Maybe this is another reason to be concerned about cryptocurrencies as a store of value....

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