Ways to raise capital for real estate investing…..

[Lance Thompson]

More thoughts from an industry expert on “expected contagion”……………………….

 

https://www.cnbc.com/2022/11/17/crypto-firm-multicoin-says-contagion-fallout-from-ftx-will-continue.html

[Lance Thompson]

Yeah……………….

Wall Street Journal shows us what made The Bahamas so “appealing” to FTX to make them want to setup their Worldwide Headquarters there…….The Bahamas passed the DARE Act which was official regulatory framework for how crypto was to be classified & taxed there…….The problem??……..They didn’t actually “enforce” the law.

Ha!!  🙂

Some of y’all sitting there like “Yep……that’s our Black & Brown countries…….You dig deep enough you’ll always find an angle or loophole of bribery, corruption or stealing somewhere won’t you??”

Now……Does this make us look as bad as I thought it did?? I’m having a little bit of a change of heart……The Bahamas pulled off what hardly no other “Industrialized” country could……They lured the 3rd Largest Crypto Company on Planet Earth to setup their headquarters there…….They gave up “the farm” to do it by looking the other way regarding Sam’s shady way of doing business and to he and his corrupt Executives that were all sexually involved and sleeping with each other (which is a whole other conversation)……But no matter what they gave up to lure SBF there they pulled it off!! Eazy-E said that “All publicity whether positive or negative is good publicity”. If Bahamas pulled THIS off, how many other big companies may they eventually lure there??

So to all of our African countries, none of us are really in love with the idea of allowing these companies to get away with murder in order to setup shop in your countries……But as long as they’re hiring people that look like us for some “meaningful jobs”??…….(meaningful being the key word)…….I’m down for it.

 

[Lance Thompson]

Yeah…………

CZ……Founder of Binance is working to legitimize the crypto industry……..He’s working to put crypto on the same level as traditional World banks. People in the industry like him are the ones who really p*$$ off crypto critics like Dr. Nouriel Roubini cause him and several others doing good works like this are the reason why the industry will never die……………..

 

 

https://news.bitcoin.com/binance-launches-billion-dollar-crypto-industry-recovery-fund-to-restore-confidence-after-ftx-meltdown/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

[Lance Thompson]

FTX contagion claims its latest victim……….Also, looks like the FTX Congressional Hearing will be on Thursday, December 1st. Will post it here once it is uploaded onto YouTube.

https://www.cnbc.com/2022/11/28/blockfi-files-for-bankruptcy-as-ftx-fallout-spreads.html

[Lance Thompson]

As promised,

The FTX Senatorial Hearing which was uploaded minutes ago. One thing that gives a few of us a “Whew!!” moment is when Senator Stabenow from Michigan makes note that Ledger X which I didn’t even know was Owned by FTX has been found to have a solvent balance sheet and responsible management…….God is good. Because more than a few have their coins stored on the Ledger Nano X cold storage wallet……I’m quite sure there were measures in place to make sure nothing would have happened to the coins stored on those wallets (or at least that’s my hope) but it’s good for it to be made public by the Senators on this Committee that those who hold their coins in those storage wallets have nothing to worry about.

The Hearing is about 2 & 1/2 hours long so be sure to listen to it when you have time on your hands or check it out while multitasking if multitasking is something you’re good at. Enjoy…………………………

 

[Lance Thompson]

Probably shouldn’t give him any airtime on here but ahhhhh what the hell……Here’s the actual Sam Bankman-Fried interview from last night with Andrew Ross Sorkin on CNBC…………….

 

[Lance Thompson]

Last clip I’m gonna share about this subject…..I think that Jim Cramer from CNBC summarizes the Sam Bankman-Fried interview up very accurately in this 3 & 1/2 quick minutes……SBF spent a good deal of his interview time talking about “his intent” and also talking about how there were things taking place within FTX “he wasn’t aware of” and as Cramer points out, that’s irrelevant. I’ll have to go back and look at the records but I seem to remember that Ken Lay from Enron stated a similar defense when Enron collapsed and that guy took his final breath in a prison cell so good luck with that one.

Take notice that he wants to try to litigate his case from the Bahamas cause he knows the second he steps foot on U.S. soil they’ll be slapping a brand new pair of handcuffs on him fresh off the assembly line. Thus the reason why it was so important for Bahamian authorities to catch him while he attempted to escape to Dubai where they have no extradition agreement with the U.S……..He can’t feel even slightly secure there in the Bahamas (and he shouldn’t)…….They’ll buy-&-sell his 1970s Afro wearing a## faster than an Usain Bolt 100-Yard Dash…….And for nothing more than a ham sandwich……..Metaphorically?? I don’t doubt if Harvey Dent isn’t somewhere talking to The Dark Knight right now about bringing him back here just like Lau the Accountant when Batman said “If I get him here can you get him to talk??”………..”I’ll get him to sing!!”

There’s no way he feels secure on that island…..He has to be looking over his shoulder and I bet he’s having a tough time sleeping anymore than a couple of hours a night…………..

 

[Lance Thompson]

Very interesting interview yesterday with Shark Tank’s Kevin O’Leary who was a paid spokesperson for FTX who will be called to testify before Congress on the collapse next week.

One of the most important tips he gave was regarding this Circle crypto which as of right now is going for only around $.42 cents per coin and is available for purchase on the U.S. exchanges of Crypto.com and Gemini. Apparently it’s been showing outstanding growth and the best things I can see about it is that there’s only 42.6 Million Circle tokens in circulation AND it’s on the Ethereum Network/Ecosystem which is a HUGE plus. Matic & Chilliz are also on the Ethereum Network/Ecosystem which is why I like those 2 as well. What I have found it that most of the coins that have more than 1 billion in circulation really don’t have as much potential for an increase in value. If you look at Bitcoin there are only 21 million of them in circulation and only 122 million Ethereum in circulation and once Bitcoin halves the circulating supply will be 1/2 the number of tokens that are currently in circulation. That’s a big reason why those 2 tokens have so much potential for growth and Circle has even fewer tokens in circulation than Ethereum!………(just fyi). Nowadays a coin has to have 1 billion or fewer for me to think about putting serious money into it. Now if it’s got 20, 30, 40, 50 billion coins in circulation? I might throw $100 into it. But that’s just my own way of operating. You can always decide what works for you. CoinMarketCap will always disclose the number of tokens in circulation for each particular crypto.

They go into great detail and depth in this interview so you’ll find it quite interesting.

[Lance Thompson]

Yeah……………..

Think that even Stevie Wonder saw that Bahamian authorities arresting Sam Bankman-Fried and turning him over to U.S. Law Enforcement was just a matter of time. The U.S. is simply too big of an ally/trading partner with the Bahamas for them to be able to resist what President Biden was willing to offer (I’m betting). SBF’s bank account was down to $100k according to him too?? Bruh?!?!…….He had no value to them anymore……My bet is that for the past few weeks Poppa Joe (President Biden) has been on the phone with PM Davis basically like “My Man……tell me what product you need more of from the U.S.” and it was a done deal. Same type of back-alley deals that were made to get WNBA player Brittney Griner out of a Russian prison and back over to the U.S. (in addition to Russian arms dealer we gave up for her). Now what makes no sense to many is why SBF kept hiding out in the Bahamas like they were going to shield or protect him from the inevitable……He’d have been much better off not doing any tv or YouTube interviews, flying back over to the U.S. and just “lawyering-up” as they say in law enforcement. Oh and for those who want a very keen insight into the kinds of back-alley deals that go on between the U.S. Government and other governments for both us and those governments to get what they want and to avert certain crises?? Checkout the movie Thirteen Days starring Kevin Costner, Bruce Greenwood and Kevin Culp. It’s a movie that goes into painstaking details about just how “close” the U.S. & Russia came to going to nuclear war during the Cuban Missile Crisis and the great lengths President JFK and AG RFK had to go to in order to prevent it. For those who are curious about the dangers of nuclear war? In addition to looking up the carnage caused by the atomic bombs we dropped on Hiroshima & Nagasaki, Japan back in 1945, that movie Thirteen Days revealed that back then Russia had this one nuclear missile that if just ONE had hit the U.S. it would have killed 80 million Americans. And if I’m not mistaken from Cuba it would have taken less than 5 minutes for the missile to get here.

Anyway, checkout the details of what the SEC is charging SBF with……..I think I’ve heard that the DOJ may also be charging him with bank fraud, wire fraud and mail fraud. They’re talking about him spending a minimum of about 70 years in prison (if convicted).

 

[Lance Thompson]

The movie Thirteen Days……………………………………

 

[Lance Thompson]

Many of you smell it……I smell it……We all smell it……..Crypto appears to be on the verge of a massive bullrun. And that’s exactly why I’m sending out this video, to help us all remain grounded and realistic. What do I think is responsible for the bullrun?? Your guess is as good as mine but I think that it’s probably a multitude of issues……The Economy and the monthly jobs reports are are doing “better than expected”, while it’s not crashing back down, inflation is coming back down to Earth month-to-month which means what?? That the Federal Reserve is raising interest rates “slower” and will eventually begin lowering them which will be a major plus for crypto. But here’s one thing I’ve only heard mentioned by a few market pundits. I think the arrest and extradition of Sam Bankman-Fried back to the U.S. combined with the FTX debacle not causing Congress and the SEC to pass too many “aggressively restrictive laws” as a reaction did a lot to restore confidence to the crypto market.

Probably a combination of everything mentioned. But have no illusions……2023 is about to be a special year for cryptocurrency Good People…………………

 

[Lance Thompson]

The XRP and the LBRY SEC court cases have been watched by investors with baited-breath for at least the last 2 or 3 years because whether or not “certain” cryptocurrencies are ruled as a security vs. a commodity is going to have a major impact on what coins remain listed on U.S. crypto exchanges and which ones end up getting delisted.

Bitcoin was ruled a commodity by the SEC several years ago and has been out of danger and exempt for quite some time, but many other alt-coins have been at-risk. Check out this clip to get more information……………………..

 

[Lance Thompson]

Y’all sitting there like “Ya don’t say??……….As if they have a choice………..” While he and his family now reside in the U.S., the commentator Bob is originally from China so he knows all of the ins-&-outs of the CCP (Chinese Communist Party)…………………..

 

 

 

[Lance Thompson]

If you’ve ever seen the movie The Big Short you’ll remember the character named Mark Baum who was the Owner of Frontpoint Capital played by the actor Steve Carell. Well this is who that real-life person was based on and he’s a guy by the name of Steve Eisman and he was on CNBC yesterday giving his thoughts about the recent bank closures of Silvergate Bank, Silicon Valley Bank and also on the current crisis involving Credit Suisse. Enjoy.

 

[Lance Thompson]

Vlad does a very insightful interview with real estate investor and entrepreneur Robert Kiyosaki who is the author of the book Rich Dad, Poor Dad a couple of weeks ago. Enjoy………………………..