ZH: Hedge Fund Returning Client Funds
Canadian Hedge Fund returning hundreds of millions to their clients for fear of calamity. Strong words. The global economy doesn't look good. Money is fleeing fiat and running into crypto. It's like rats on a sinking ship moment. Be aware of your investments. If they're tied to real estate, don't be surprised if 2009 doesn't rear it's ugly head. Zero Hedge commenters routinely crack me up and add to the articles.
What are your thoughts? Please feel free to comment.
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Sheeps
so do you think bitcoins is too high now to invest in? Do you think bitcoins is due for a correction soon? I want to invest in bitcoins but I am afraid right after I buy it will immediately drop to $1000. Thought about ethereum, that might be the one I would go with especially given my limited funds.
I don't give out financial advice but that said. I believe crypto is in it's infancy and without overbearing government regulation, they will continue to grow.
thanks for your input :)
funny that I saw this post, because after I read your post I got on my regular followings on youtube the x22report they talked about this and further elaborated the outlined story here.
Bro I am waiting for the altcoin mass adoption including steem as replacement for facebook ;)
Well said.
thanks have not enough steem to upvote you but next time, i followed you too now!
Followed you as well. Our upvotes are mostly symbolic at this point, unless you dropped fiat into steempower, you have to gather quite a bit of steempower to have a voice with real teeth.
I will buy steem power for sure in next days! I think its worth to do it because I am also a bitshares fan.
I hope you realize that those funds will be locked up once put into steempower. You can powerdown and liquidate, but it will take 13 weeks to liquidate the full amount. Just so you're aware.
I m not here for making fast cash. I want help the project, the people and make longterm profits.
Good to hear. Don't want people making personal mistakes that could be ascribed to me. Love the name.
The trouble is thinking of real estate as an asset - when it's not. It's not even yours anymore if you don't keep up with the taxes. And taxes are doing the same exponential curve skyward as bitcoin. Real estate is more of an investment, like holding your gold in a vault. When the SHTF you might avoid the taxman, but you won't be able to get your gold out of the vault. Lesson being: Keep your real assets with you and pay the damn taxes until you don't have to!
Unless you have the ability to buy properties outright, you're merely a tenant of the banks. And even then, you're a tenant of the state.
True enough. But with a storm coming, a fortified shelter is essential. Who knows what of the banks OR the state will be left standing.
Very much agreed. I know my current location is terrible in a collapse scenario. I've made as many preparations as I can, but not a good place.
Mine's a work in progress. Don't be disheartened. Do what you can. That's all we can do.
While commercial and residential real estate could very well repeat their 2009 performances, timber and agricultural land have traditionally been safer bets. Not everyone needs a bigger, newer house or another mattress store, but everyone needs food and lumber doesn't seem to get any cheaper either.
It appears they are well on their way to repeating 08-09 decline. History continues to repeat itself when they never change the model.
I stumbled onto an episode of "The 80's" on CNN the other night. It was about Greed and the S & L Scandals. The only difference we could see between then and now was that most of the criminals who were exposed in the 80's actually went to prison, albeit for 2-3 year sentences, and oddly not John McCain. (Do an online search for the Keating Five.) Most of the criminals today have given themselves huge bonuses from the bail-out money they've received.
I remember that all going down. Real bankers were actually going to jail. I recall the Keating Five, but i'll have to refresh my memory.
Alan Cranston (Democrat of California), Dennis DeConcini (Democrat of Arizona), John Glenn (Democrat of Ohio), John McCain (Republican of Arizona), and Donald W. Riegle, Jr. (Democrat of Michigan) – were accused of improperly intervening in 1987 on behalf of Charles H. Keating, Jr.
Thanks. The US needs to remove McCain from office already. That warmongering criminal needs to be put to bed.