FTX has recovered $7.3B in assets, will consider rebooting exchange by Turner Wright SOURCE: Cointelegraph

 

Texas Bill Would Create State-Issued Gold-Backed Digital Currency by Michael Maharrey SOURCE: Schiff Gold

"In practice, individuals would be able to purchase digital currency from the state. The state would then use the money to purchase gold that would be held in the Texas Bullion Depository or another secure vault. Individuals would be able to redeem their digital currency for dollars or gold."

Social credit Brazilian style: All UBI recipients must be vaxxed by Mark E. Jeftovic SOURCE: The Bombthrower

 Scene from the movie Brazil

The Hierarchy of Money and the Case for $8,000 Gold By Jan Nieuwenhuijs SOURCE: gainesvillecoins.com

 

India Takes A Leading Role In De-Dollarization by Raúl Ilargi Meijer SOURCE: The Automatic Earth

Indian Ambassador to Russia Kanwal Sibal:

“Lately, the discourse from Washington has changed and India is no longer being asked to stop buying oil from Russia. In a recent visit to India, the US Treasury Secretary actually said that India can buy discounted oil from Russia as much as it wants so long as western tankers and insurance companies are not used.”

Hawley Introduces 'PELOSI Act' To Stop Insider Trading In Congress by Tyler Durden SOURCE: Zero Hedge

"In March of 2021, the Pelosis scored $1.95 million on Microsoft call options less than two weeks before the tech giant secured a $22 billion contract to supply US Army combat troops with augmented reality headsets, while in January of the same year, Paul Pelosi bought up to $1 million of Tesla calls before the Biden administration announced plans to push electric vehicles."

Open Madness in Global Bond Markets: Got Gold? By Matthew Piepenburg SOURCE: Gold Switzerland

 

Global Currency: The Dollar Ain't Going Nowhere

The Real Estate Crash Has Started (How Bad Will It Get?)

The Contagion: Fallout and Lessons from FTX and SBF by Scott Hill SOURCE: bombthrower.com

HOW CAN CRYPTOCURRENCY INVESTORS FEEL COMFORTABLE READING stuff LIKE THIS

Know how to move your Crypto off an exchange and onto your wallet. Practice doing it so that you can remove your funds when things go poorly.

During the FTX collapse, the people that could remove their Crypto the day that things started looking bad kept their coins. Others lost theirs.
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Adams at Bankless has coined a phrase that I think explains how to think of exchanges at the moment:

Think of an exchange like a public restroom. Go in, do your business, and get out.

Nigeria Limits ATM Withdrawals To $45 Per Day To Force Govt-Controlled Digital Payments by Tyler Durden SOURCE: Zero Hedge

"In April, leading cryptocurrency exchange KuCoin noted that 35% of the adult population in Nigeria - roughly 34 million adults aged 18-60, own bitcoin or other cryptocurrencies. But when it came to the country's Central Bank Digital Currency (CBDC), the eNaira, it was a massive failure."

A Grand Unified Theory of the FTX Disaster by Mathew Crawford SOURCE: Rounding the Earch Newsletter

 

"You're An Absolute Fraud": CME CEO Terry Duffy Recalls First Meeting Sam Bankman-Fried In March 2022 SOURCE: Zero Hedge