Jim Lewis ⚒ @Galactic_Trader
1h
Why did they think this was a good idea?
A driver fills up his car while the sign on the pump reads 'Dear Costumers! You can purchase only 2 liters of fuel at the regulated price!'
Price caps lead to shortages ... it's gonna get worse in Europe.
Re: News Ahead
Posted: Sat Dec 03, 2022 7:47 pm
by Ogee
Maxine Waters
@RepMaxineWaters
.@SBF_FTX, we appreciate that you've been candid in your discussions about what happened at #FTX. Your willingness to talk to the public will help the company's customers, investors, and others. To that end, we would welcome your participation in our hearing on the 13th.
(Reminder that Bernie Madoff was arrested within 24 hrs of his fraud being uncovered)
(Maxine Waters, top recipient of SBF political donations, is leading the investigation into FTX, and meanwhile telling him how awesome he is on Twitter)
Re: Price caps lead to shortages
Posted: Sat Dec 03, 2022 8:00 pm
by Ogee
Ogee wrote: Sat Dec 03, 2022 7:37 pm
#00BF00]Jim Lewis ⚒ @Galactic_Trader
1h
Why did they think this was a good idea?
A driver fills up his car while the sign on the pump reads 'Dear Costumers! You can purchase only 2 liters of fuel at the regulated price!'
Price caps lead to shortages ... it's gonna get worse in Europe.
(Reuters)
Russia: price cap is 'dangerous' and will not curb demand for our oil
Russia said on Saturday it would continue to find buyers for its oil, despite what it said was a "dangerous" attempt by Western governments to introduce a price cap on its oil exports.
A coalition of Western countries led by the G7 group of nations agreed on Friday to cap the price of Russian seaborne oil at $60 a barrel, as they aim to limit Moscow's revenues and curb its ability to finance its invasion of Ukraine.
Russian President Vladimir Putin and high-ranking Kremlin officials have repeatedly said that they will not supply oil to countries that implement the price cap.
In comments published on Telegram, Russia's embassy in the United States criticised what it said was the "reshaping" of free market principles and reiterated that its oil would continue to be in demand despite the measures.
"Steps like these will inevitably result in increasing uncertainty and imposing higher costs for raw materials' consumers," it said.
"Regardless of the current flirtations with the dangerous and illegitimate instrument, we are confident that Russian oil will continue to be in demand."
The G7 price cap will allow non-EU countries to continue importing seaborne Russian crude oil, but it will prohibit shipping, insurance and re-insurance companies from handling cargoes of Russian crude around the globe, unless it is sold for less than the price cap.
Re: News Ahead
Posted: Sun Dec 04, 2022 9:33 am
by Jedidiah
Re: News Ahead
Posted: Sun Dec 04, 2022 8:12 pm
by Ogee
Ogee wrote: Sat Dec 03, 2022 7:47 pm
Maxine Waters
@RepMaxineWaters
.@SBF_FTX, we appreciate that you've been candid in your discussions about what happened at #FTX. Your willingness to talk to the public will help the company's customers, investors, and others. To that end, we would welcome your participation in our hearing on the 13th.
(Reminder that Bernie Madoff was arrested within 24 hrs of his fraud being uncovered)
(Maxine Waters, top recipient of SBF political donations, is leading the investigation into FTX, and meanwhile telling him how awesome he is on Twitter)
(Sweet deal, steal $9 billion but donate $1 billion to the party in power and avoid arrest, nice)
Russia: price cap is 'dangerous' and will not curb demand for our oil
The G7 price cap will allow non-EU countries to continue importing seaborne Russian crude oil, but it will prohibit shipping, insurance and re-insurance companies from handling cargoes of Russian crude around the globe, unless it is sold for less than the price cap.
'RUSSIA WON'T ACCEPT $60 PRICE CAP ON ITS OIL, KREMILIN SAYS; RUSSIA WILL NOT SELL OIL TO COUNTRIES IMPLEMENTING PRICE CAP'
'RUSSIA WARNS IT WILL CUT OFF OIL SUPPLY TO EU, SAYS OIL PRICE CAP WILL CAUSE DISTRUPTION AND CAUSE OIL PRICES TO SPIKE'
EU Metaverse Party
Posted: Sun Dec 04, 2022 8:24 pm
by Ogee
Were you at the $400,000 EU metaverse party??
No, neither was anyone else.
Only six people bothered to log in. Amazingly, the entire debacle cost a whopping $400,000, or $66,667 a head.
SBF and FTX
Posted: Mon Dec 05, 2022 7:54 pm
by Ogee
NEWS MAKER @NEWS_MAKER
18h
FTX Founder Sam Bankman-Fried Says He Can’t Account for Billions Sent to Alameda,
Entrepreneur says he had little insight into workings of trading firm even though he owned 90% of it.
Brillant, SBF took in cash from investors and gave out not bitcoin but bitcoin 'tokens' (magic beans) that were neither backed by bitcoin nor cash because the $9B he took in was transferred to Alameda where SBF says he lost track of it, despite the fact that he owned 90% of Alameda. No idea where the money's gone (except that £1B went to the Dems) which is presumably why he's still walking around free.
⚒
⚒