Do you rest your confidence in crypto?

Every generation needs a revolution - an entrepreneurial revolution

I am more of a conservative type  I do not We invest in stuff that can grow and are scalable.   We invest in stocks because they can increase in value:   revenues and profitability and have functional values for society as food medicine and shelter.   

But crypto which is supposed to be limited in number ony 20 m, does not fulfill any of that     It can not be a means of paying on line;   (G cash is more practical)   

Hence we see FTX a company of young kids, engaged in a different kind of relationship, based in Bahamas being able to dupe countless companies of their billions

Hence collapse of FTX and other bankruptcies that are crypto related do not come as surprise.   A fellow prof tried to convince me to invest in China crypto.   Buffet is against crypto, central banks are against crypto   

Are you in favor of crypto?

Credit Suisse Bank crisis - how it is going to affect the world finances.

Every generation needs a revolution - an entrepreneurial revolution

A venerable Swiss bank is facing trouble   Possible collapse -  big loss and possible illiquidity

The video explains the challenge

Doomsayer - world wide recession in 2023

Every generation needs a revolution - an entrepreneurial revolution

Many experts:   Robert Kiyosaki, banks (BoA) World Bank  many YT videos predict of impending world wide recession due to China problem with Covid, world wide inflation due to US Fed increase of interest

rates, impending illiquidity of big banks (due  to countries saddled with huge deficits and debt to to GDP ratio which incudes Japan and USA (over 100% - Phil at  60+ still looks healthy

We still do not know for sure how true these predictions are (but even Feng Shui experts seem to affirm that 2023 is going to be bad.)

But we must be resilient and dig in defensively:    hold on to commodities - gold and silver and  real estate.   Currency may be worthless   We can end up like Nigeria or Venenzuela  (In Venenzuela, a Big Mac cost millions)

https://www.worldbank.org/en/news/press-release/2022/09/15/risk-of-global-recession-in-2023-rises-amid-simultaneous-rate-hikes