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European banks are a disaster waiting to happen. The 10 biggest banks in Europe are all trading at a price to book of less than 1. This is bigger than just credit suisse. If they mismanage this too badly it will all come down like dominos.

Lawyers who make their living from frivolous lawsuits should be named and shamed. They do as much damage to a community as drug dealers. One lawyer in a small town can go broke, but two can make a killing.

But Europe's banks are a freaking disaster waiting to happen. All the biggest banks in Europe have P/B ratios less than 1. Essentially no one believes their financial statements and the market thinks they are hiding losses

If you want to pretend a bunch of dudes on a street corner shooting dice constitutes real economic output, that's on you. As far as "investment" vehicles, I think CFDs should be banned. If you want to invest in a futures contract that has appropriate financial backing that should be up to you...

It's very relevant if you don't want to value a deli at $100 million. Nobody buys a 747 or apartment building in Bitcoin. Speculative gambling is not real business. What percentage of those transactions were with retailers? Industrial suppliers? Paid rent to a landlord?

This example is interesting because it misses the same thing that many people do when looking at Bitcoin: alternatives Assuming your ridiculous scenario happens and hundreds of millions are dying due to lack of transportation to move food, there are still options: 1) Have the starving people...

Just because someone owns a tanker truck, doesn't mean that they are "backing" the price of the commodity they are trucking. The fact the people have to keep using these vague associations to claim widespread support show just how weak the price support for Bitcoin is. A more sensible way to...

But you are just changing the subject. You made some specific statements about what was "backing" Bitcoin. I'm pointing out the the only people backing it are they people willing to buy it. There are plenty of others willing collect money as an intermediary, or to be the next FTX. I will...

The Mississippi Company was once worth the modern day equivalent of 6 TRILLION dollars.

Unless they are making offers to buy Bitcoin then they're not "backing it". It's really that simple. Hahaha! Nothing says fraud free like a new crypto firm failing every five minutes. So a long as you perfectly generate your keys, never use a computer with any security flaws whatsoever...

No. It doesn't count because those aren't features that people want. I don't want to be able to move $50k on a Sunday and have it instantly settle. I'm not buying drugs or paying a ransom. If I buy a car, I'll get a bank check and then it's only payable to one party. I'm not going to get...

Except that Trudeau can confiscate your money on a whim.

Hahaha. I would think the point is whether you can afford to eat, not if you "still have your Bitcoin.". Who gives a crap if you still have it if it crashes to $0.10 ? Bitcoin is extremely risky. In every way that matters.

There are lots of other things besides the weather that drive cost. Existing stockpiles, transport costs, supply/demand for industrial uses, recessions, wars, exploding pipelines, etc. Spend a couple minutes seriously thinking about what you would want to monitor to even start a model.

Nowhere close to safe. Look at what happened to holders of Russian ADRs.

There's a sucker born every minute. Sure all the doom-mongering climate weirdos have been consistently wrong for two decades but it's SCIENCE! Nothing like hiding your data , your methodology and constantly shifting your goalposts. As for Citadel, the article sounds like a commissioned PR...

Irons knocks it out of the park in that role. I love how that character downplays what he knows in that scene, but can then list all major financial crisis for 100 years off the top of his head:

Read "How to smell a rat" Also read this web site https://whitecollarfraud.com/crazy-eddie/crazy-eddie-fraud/

How do they lose money? People keep giving them money to lose. After GameStop, who still wants anything to do with them except Citadel?

It. Already. Happened. How hard is that to understand? Anybody saying otherwise is simply not worth listening to, since they believe in changing the definition of commonly accepted terms at the drop of a hat. Whatever they have to say literally has no meaning.