Father in law tells me the Spanish press is beating the drums of war.
I've observed th same thing in Germany and in the U.S.
It's a decent probability that war is coming. The financial system needs it after all.
Science doesn't advance relying on consensus.
We'd still be lightning our houses with gas lamps and use horses for transportation, if consensus was required.
Consensus is an enemy if the scientific method.
Somebody tell the idiot DeGrass Tyson
MSTR chart is tracking Bitcoin for the most part. Pros over a spot ETF: Comes with a productive business attached. Cons over a spot ETF: Carries some debt, can go bust
FTX was a πΏ moment.
SVB isπΏ moment.
If you've got your custody all figured, you sleep like a baby while fiat land does fiat things and watch from the sidelines. WTF πΏπΏπΏ
I do wonder how much faster a bank run unfolds in the age of social media and the internet compared to the old days, where rapid communications wasn't a thing.
Naivly, I'd think much faster.