Hindenburg Research Announces $1,000,000 Bounty For Details On Tether’s Backing

[Sig]

I'm no bond expert, but doesn't the government set the overnight lending rate, and all rates are based on this?

When it tries to sell treasuries and there aren't enough buyers, no problem, the FED buys up whatever it needs to, right? So how is this fair pricing?

Doesn't the FED also openly buy corporate bonds as well? Its not too difficult to buy something for a small interest rate when you know the FED will buy it back from you. When its a risk free trade, you don't know the actual price.

I was referring to the corporate bond market, not treasuries.

If this concept that the Fed is controlling all interest rates on company bonds and would buy them back at any time was true than they would all have an interest rate below 2% right now. That's not the case at all, corporate bonds trade at a wide variety of rates all the way up to and beyond 40%. No one is forcing anyone to sell one bond at a 3% yield and another at a 12% yield, that's entirely market forces. I will certainly concede that the base rate is based on treasuries, i.e. if the 20 year treasury rate was 7% right now, that would be the new base for corporate bonds and they would all trade up from there. However that's a far cry from the fed controlling the corporate bond market and this concept that there are no market forces at work in setting interest rates in the bond market.

 

[Sig]

it was John Maynard Keynes who said that quote.

Sounds like it should be a Buffet quote though, doesn't it Thanks for keeping me honest, you're right.

 

[newwurldmn]

Sounds like it should be a Buffet quote though, doesn't it Thanks for keeping me honest, you're right.

i'm sure he's said something similar (probably accompanied with a chuckle).

 

[Trader Curt]

By using crypto, we are voting with our wallets. We are telling the government that we don't like their system any more and that they can shove it up their ass.

Dude, shake my hand man!

 

[patek643]

He was responding to my post where I said "you can't really effectively short the thing because if it actually imploded your counterparty would probably implode too and you'd end up with little or nothing". What part of that don't you get? You can technically short anything if you can find some one to take the other side of your trade, that doesn't mean they'll be able to pay out when they lose.

We were having an adult discussion about the best way to short tether without excessive counterparty risk. If you'd like to act like an adult as well then feel free to join in the discussion, but at this point not even you seem to know what you're trying to accomplish and you're actively destroying value rather than creating it.

This is what you said here in this post:

https://www.elitetrader.com/et/posts/5476788

"It would be nice to short Tether itself since it could fail without causing a contagion".

Now you are saying you can't short it because it would cause a contagion if it failed and so your counterparty would default and you can't collect? You just contradicted yourself.

Are you going to act as an adult and admit you were wrong? Explain how you add value by being wrong. Let us all hear your nonsensical explanation.

 

[patek643]

You explicitly said that I never said collect, I clearly showed you were wrong. My main objective is not only be able to short but end up with money at my bank.

Chill pill does wonders, you know

Show us all the post where I explicitly said that you never said collect and quote it. I only have 6 posts as of this post, it shouldn't be hard.

You can't because you are lying. Caught you again.

 

[Sig]

This is what you said here in this post:

https://www.elitetrader.com/et/posts/5476788

"It would be nice to short Tether itself since it could fail without causing a contagion".

Now you are saying you can't short it because it would cause a contagion if it failed and so your counterparty would default and you can't collect? You just contradicted yourself.

Are you going to act as an adult and admit you were wrong? Explain how you add value by being wrong. Let us all hear your nonsensical explanation.

Seriously, what is your point and want are you trying to accomplish again? Do you even have any idea?

 

[patek643]

Seriously, what is your point and want are you trying to accomplish again? Do you even have any idea?

Before I say my point, I'll note that since you did not or could not address the points in my post here:

https://www.elitetrader.com/et/posts/5477315

In your reply above, you admit that you are wrong.

My point is very simple although you have problems grasping that very simple concept: One can short Tether directly.

And it's "what are you trying to accomplish" not "want". The next time you get flustered and can't respond try to at least type correctly.

 

[RedDuke]

Before I say my point, I'll note that since you did not or could not address the points in my post here:

https://www.elitetrader.com/et/posts/5477315

In your reply above, you admit that you are wrong.

My point is very simple although you have problems grasping that very simple concept: One can short Tether directly.

And it's "what are you trying to accomplish" not "want". The next time you get flustered and can't respond try to at least type correctly.

Please enlighten us here, how can you short Tether and be sure the other side will pay. Would love to know this.

 

[Sig]

Before I say my point, I'll note that since you did not or could not address the points in my post here:

https://www.elitetrader.com/et/posts/5477315

In your reply above, you admit that you are wrong.

My point is very simple although you have problems grasping that very simple concept: One can short Tether directly.

And it's "what are you trying to accomplish" not "want". The next time you get flustered and can't respond try to at least type correctly.

What is your problem? No one ever said you couldn't short Tether directly, it's just not possible to do so with any assurance of your counterparty. It's possible for a counterparty to fail to deliver in a Tether transaction without driving someone in an adjacent space like a miner to zero. This is all so obvious that it's almost embarrassing for you that it requires saying. We all agree you can short Tether, but the only ways you can do so now is either imperfect or exposes you to huge counterparty risk which was the discussion the adults in the room were having before you jumped in with the moronic trolling. So what were you trying to accomplish again?