Weekly Weigh In: TradeOgre Still Down, The Police State Forming, Extreme Meritocracy & Argentinian Ways
Tradeogre, an open, retro and unregulated cryptocurrency exchange has been down for a number of weeks now–many assuming that they have lost their money that was sitting on exchange, permanently. The news has been sudden for crypto traders with the site crashing down, with no words, no releases, no assurances…. In fact, I’ve read the Terms and Conditions of Tradeogre (wondering how they can operate since there’s a hotbed of privacy coins which government hates) and it clearly states that they’re not liable in the least [meaning it’s likely that people could have lost everything].
Confusion remains on what has happened but it seems to be linked to a lawsuit regarding one individuals’ stolen Bitcoin.
Some are unsure whether this means the exchange will resume operations, or whether this is simply a cover to exterminate it.
Some surmise that this is a coordinated or even inside attack on Monero, the private cryptocurrency. RapperBot one of the largest DDoS botnets has been taken down by the DoJ, allegedly, they used their malware to mine Monero on others’ devices.
There are now NINETEEN STATES set to activate their National Guard to assist ICE in deportations! This is a huge bit of news. Some say that, "Every last state in America needs to do this and if they don't, they're traitors“
It is incredibly easy to see how committed the average American is to creating a police state in front of them, overlooking the fact that this police state may be directed towards themselves in due course. People often forget that government jobs don’t get cut in the United States, instead, they create the job task to justify their existence.
I came across some interesting research whereby 80% of all crimes are committed by people with 3+ prior arrests.
In addition to the chart above, the statistic of 13/50 (whereby 13% of the American population commit 50% of the serious crimes) is also getting attention. Funnily enough, many interviews with black people who are asked about what should be done about this statistical finding, they all suggest to lock them up, isolate them or worse.
I have written about the importance of IQ and how it relates to immigration with some depth (join as a member for reading!) which makes it clear as day that at least from a financial/economic standpoint immigration only makes sense if it:
- Comes from a High IQ country (Canada, UK, Australia, Netherlands, Norway, Japan, Korea)
- Is strictly for employment purposes (but with no family involved; only single individuals)
- Requires a minimum amount of wealth and income, far above the standards of high GDP countries (Monaco is a good example).
These are the only solutions for bringing in productive individuals–the rest is a net drain on society, the treasury and over time, the culture.
I’m therefore bouncing between the following dilemma on how I feel about the longevity of the USA:
“The terrible problems of the United States are not solvable and thats an uncomfortable reality” & “they’re easily solvable, but the solution is terribly uncomfortable”
Milei’s Argentina, in all of its glorious promises, libertarian theatre and flashy headlines continues to prove itself to be a nothing burger. What do I think of Milei? He’s an Israeli-possessed (Unz.com has great articles on his origins and affiliations) fucked-up looking wolf in sheep’s clothing, masquerading as a beacon of freedom for not only Argentina but for the Americas. After a slew of contradictions, hypocrisies and lies… they hammered home the reality that nothing will really change when they had lately tried to roll over a number of government bonds at an astonishing 69% coupon rate.
Unfortunately for them, only 61% of the expected bonds were sold, signalling that investors are predicting either a default or inflation exceeding 69% in the near future for the South American nation. Chances are, the IMF is licking their lips for another bailout, this time, with the gas/oil and agriculture fields in their purview.
"No country has ever offered a yield higher than 30% on its bonds and avoided default, hyperinflation, or an IMF bail-out within the next three years"
I loved the place, but they simply can’t escape trouble…
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