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    Daily Digest 4/14 – U.S. Health Officials Continue Pause Of J&J Vaccine, Coinbase, A Bitcoin Startup, Goes Public. Is Crypto Really The ‘Future Of Finance’?

    by Daily Digest

    Wednesday, April 14, 2021, 11:13 AM

Economy

Coinbase, A Bitcoin Startup, Goes Public. Is Crypto Really The ‘Future Of Finance’?

Coinbase, a San Francisco startup that allows people to buy and sell digital currency, became the first major cryptocurrency company to go public when it made its stock market debut on Wednesday.

Trading began around $381 a share, pushing the company’s valuation close to $100 billion. That’s about what Facebook was worth when it had its initial public offering in 2012.

China’s Digital Yuan Won’t Topple Dollar, BOJ Official Says

A senior Bank of Japan official played down the potential for China’s digital yuan to threaten the dollar’s position as the world’s main reserve currency.

“The dollar’s status as the key global currency won’t change so easily,” said Kazushige Kamiyama, head of the BOJ’s payment systems department and the person in charge of looking into a virtual Japanese currency. “In fact, the dollar’s advantage may strengthen further if the U.S. goes with digitalization.”

U.S. Health Officials Continue Pause Of Johnson & Johnson Vaccine

An expert advisory committee to the Centers for Disease Control and Prevention decided Wednesday it needed more time to consider whether to recommend to resume administering the COVID-19 vaccine made by Johnson & Johnson.

The committee’s emergency meeting took place less than 36 hours after the CDC and the Food and Drug Administration called for a voluntary pause after receiving reports of serious side effects seen in six women who had received the Johnson & Johnson vaccine.

US housing market is nearly 4M homes short of buyer demand

The U.S. housing market is 3.8 million single-family homes short of what is needed to meet the country’s demand, according to a new analysis by mortgage-finance company Freddie Mac.

The estimate represents a 52% rise in the nation’s home shortage compared with 2018, the first time Freddie Mac quantified the shortfall.

Nearly 25% Of UK ‘COVID Deaths’ Were Not Directly Caused By Virus

As the people of England and Wales celebrate the end – or at least the beginning of the end – of the COVID restrictions that have stifled the economy for more than a year, new data from the Office of National Statistics have illustrated a startling conclusion: nearly 25% of registered COVID-19 deaths actually aren’t being killed by the virus, something that we have been discussing here at Zero Hedge since we first pointed out that motorcycle accident deaths were being labeled “COVID deaths” in Florida.

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4 Comments

  • Fri, Apr 16, 2021 - 12:28pm

    #1

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2432

    7

    It has definitely become a religion

     

    https://twitter.com/_Mrtdogg/status/1382969320213520384

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  • Fri, Apr 16, 2021 - 4:45pm

    #2
    ezlxq1949

    ezlxq1949

    Status: Bronze Member

    Joined: Apr 29 2009

    Posts: 412

    2

    When is a field of study a religion?

    Kurt Cobb wrote this in 2008:

    You can tell whether a field of study is a religion if you question its premises and the response you get is not careful consideration but an attempt to shout you down (without answering your critique), to demean you by saying you don't understand and finally to eject you from whatever cocktail party you managed to start this catfight in.

    Well worth reading the rest of his blog post.

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  • Fri, Apr 16, 2021 - 7:00pm

    Mots

    Mots

    Status: Silver Member

    Joined: Jun 18 2012

    Posts: 416

    2

    When is a field of study a religion?

    this is a very interesting question, and line of thought that prompts several observations:

    1. in our history, most fields of study began or consisted primarily as religion.  Rational thought following the collapse of Rome was preserved in religious sects during the dark ages, for example.  I think that most fields of study started as religion.  A good example are the early mathematicians who treated early discoveries of arithmetic as magical knowledge.  Some were burned at the stake because of this.

    2. the ones who are the most humane and interested in truth often are religious "believers."   I noticed this in law school, where the only people who believed in "truth" were the fellow scientists (who "believed" in a discoverable, objective reality) and the devout religious people.  Most others seemed to revel in the fact that truth does not exist and that as a result, power and privilege is something to be finagled at every turn for personal gain, as a reason for living.  For them, truth is determined by the winner, or biggest dog.  This is not a mere passing thought or observation but is an organizing principle that explains what is happening to our world.  We should master this concept and distinguishing feature of people.  That is, the search for "truth" is an important dividing line between a minority of (what I call) rational thinkers, and the sheeple.  It is very useful to keep this in mind when trying to communicate with those who will not hear and mutter (or scream) CNN talking points and the epithet "conspiracy theorist!!" at us when we try to communicate.

    3. the "tribe" at PP in my opinion is a rare self selected group of truth seekers.  I suggest that some of us should create a religion in view of the above for use by the majority of adults who cannot live with uncertainty, and for the young children who will believe something else as an alternative based on social media directed by the elite and commercial advertisers.

    4.  A good religion will inspire adherents to study their neighborhood, the plants and animals, agriculture, energy sources and provide a credential (a grade/advancement) to encourage formal study of the basic sciences.  Archdruidry provides this (study 3 basic sciences and local biology to progress) but has too much superstition for my tastes.
    I suggest that we should actively replace the dying culture of religion and camaraderie with new festivals based on the seasons, which could be part of a more useful religion.  My wife and I are establishing an annual winter lights parade festival (winter solstice occurs Dec 22 here next year) where we parade/dance down the street to a park, wearing brightly lit costumes, along with upbeat, loud music filling the street (think of Disney Light Parade).  We are enlisting young people to build bright, LED/neon light costumes while teaching them the basics of electricity.  How many of you hold celebrations in the fall after the harvest has been brought in?  let's configure something of maximum benefit for the sake of our children and grandchildren.

    As part of our resilience preparation and prosperity work, we should include new, more appropriate festivals and teach new mythologies (to replace or modify Santa Claus/Easter Bunny) to the very young to help guide them to the new paradigm.  Lets not abandon them to the globalist elite that wants to mold a new feudal underclass that "will own nothing and be happy" based on their control of crass commercialism and desire to make everyone a rentier dependent on them.

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  • Fri, Apr 16, 2021 - 10:37pm

    Mpup

    Mpup

    Status: Bronze Member

    Joined: Mar 01 2020

    Posts: 174

    0

    Field of Study

    One may lead a horse (and person) to water, but it is only in partaking the water (and Word) that one is refreshed.  Daily study and refreshment brings forth a field that flourishes.

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