hh

A couple of comments about today's market dump: 1. Oh, the sheer RETARDNESS of dumping Nvidia stock due to the DeepSeek CCP psyop, when admittedly DeepSeek has been trained using... NVIDIA CHIPS. If anything, DeepSeek proves that Nvidia chips can do even more than previously thought, and consolidates their monopoly. 2. The sheer stupidity of those babbling on about wHErE's YouR raTIoNaL INveSt00r n0w, EH? all over the internets. "Rational" as in the much touted "rational actor/investor" doesn't mean "an actor who never voluntarily incurs a monetary loss when making decisions in life". It simply means an actor who makes decisions based on their SUBJECTIVE self-interest IN THE MOMENT. I've never found much use for this concept, other than to cause me to look at actions I cannot comprehend and make an effort to try to put me in the other person's shoes and see the world the way they see it and try to make sense of their calculation, which is NEVER numerical.

OH NOES IZ A EMUHRGINCEE 😂🤡 Just go away old man.

One thing about the "reserve" kerfuffle. What they've announced so far, is no "reserve". It's a "stockpile". A reserve in the sense we are all discussing, and Trump willingly (and probably misleadingly) implied all along, is 1. held by the monetary authority, 2. specifically used to back up currency value by balancing external payments A stockpile is a quantity of whatever stuff kept in stock, to be deployed in case of a shortage or "market disruption". That is, a market price manipulation mechanism. I think that fits very precisely the whole "American crypto" discourse, and does not preclude the addition of BTC to the actual reserve. It's just probably that he can't do it by executive order. I've posted many times about the "Prudential treatment of cryptoasset exposures" by the Bank for International Settlements". That will be the mechanism, but it's up to the Fed, by definition. https://www.bis.org/bcbs/publ/d545.htm