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originally posted by: nerbot
Shall I get your coat?
Your movie seems to have finished.
originally posted by: igloo
I think a lot of the fun of this thread is the lateral thinking and pattern recognition. Some of us seem to enjoy that, larp or not. It's also the adventure, not just the destination.
originally posted by: socialmediaclown
a reply to: nerbot
There's going to be collateral damage alright. The whole middle class!
But those who saw this coming years ago and understand the deeper implications of it ...are readily prepared.
originally posted by: 13Kiwi20qYes
a reply to: 13Kiwi20qYes
When Democrats had the House majority, they refused to ask any tough questions about: → The origins of COVID → The 13 service members we lost in Afghanistan → The $1,000,000 payment from China to the Biden family No more coverups. Republicans are getting to the truth.
originally posted by: pheonix358
I am wondering if instead of Trump getting arrested ... that it is Biden who is arrested.
Now that would be a powerful shot heard around the world.
It makes sense to me. Can you arrest a sitting President? Yes for Treason.
P
originally posted by: igloo
a reply to: Robbo2006
I can do it if you want, though don't have much audience.
Done.
Oswald/Kerry
US President Joe Biden released the government’s economic report on Monday, in which Bitcoin plays a major role. BTC is mentioned as many as 75 times in the report, which attempts to denigrate Bitcoin and promote a Central Bank Digital Currency (CBDC) of the United States as the better solution.
First, the report cites that Bitcoin does not meet the characteristics of a unit of account because the values of goods and services are not denominated in BTC, but in US dollars, and a conversion is required. Addressing the question of whether Bitcoin can serve as a medium of exchange, the White House writes that BTC is “not as effective a medium of exchange” as the US dollar.
In complete contrast, the report states that a Central Bank Digital Currency (CBDC) represents the possibility of introducing a digital form of money. “While operating under the supervision of a trusted authority, both these mechanisms have the potential to realize many of the benefits that crypto asset developers have promised,” the report states and further explains:
The crypto space has seen several shocking incidents recently. There have been enforcement actions, crypto hacks, and the sudden closure of 3 crypto-friendly banks; Silvergate, Silicon Valley, and Signature.
A new incident has once again shocked the industry as a crypto payment processor SpankPay, announced that it is shutting down its services. The parent firm SpankChain cites a hostile banking environment for the service closure.
If the United States government really is implementing "Operation Choke Point 2.0," it will hurt financial stability and may have contributed to the collapse of Silicon Valley Bank, according to Donald Trump’s former acting White House chief of staff, Mick Mulvaney.
“I don’t want to think that the government would actually do that,” Mulvaney said in a March 22 Bloomberg interview in reference to the rumored operation. He did however recall attending hearings on the original Operation Choke Point — a government initiative that aimed to limit certain industries’ access to U.S. banking services.
The Federal Reserve is raising its key interest rate 0.25 percentage point, underscoring central bankers' commitment to fighting inflation even if that heightens the financial pressure on the the country's banks.
PacWest is the next bank in focus: it says it secured a $1.4 billion line of credit after clients withdrew about 20% of the bank's deposits since the start of this year. It also has opted not to raise additional capital.