Dear Professor Kaufman,
Wealth is evaporating (invisibly).
Loans made based on future earnings gone to zero.
Jobs lost, economic activity disappeared as workers are locked down at home.
Transactions do not occur.
No sales or profits to repay loans for homes, cars, colleges, credit cards…. endless debt.
Banks going bankrupt by derivatives gambling.
Communist infestation of leaders and employees...
Weak bank regulation.
Invalid bank risk measuring.
Inevitable banking troubles.
Federal Reserve Bank been buying junk paper since 2008, now moving into corporate bonds and even stocks, indexes.
Bail out every stupid decision by left wing businesses, debtors, governments, cities, states,…
Socialism, communism has arrived.
Crypto-currencies are global currencies designed for money laundering, drug trafficking, human trafficking, prostitution, Epstein Weinstein global empire of crime.
January I was thinking while walking that it would be a good time to buy gold, finally after decades in the doldrums.
Land is harder to buy,
millionaires already bought the good land,
but with left wing cities and states increasingly dysfunctional with riots, looting, crime, defund police,….
time to head for the hills,
survive off the grid on what ever little piece of land you can find.
The system is crashing.
Vultures circling USA,
divided multi-cultural jungle Biden Obama.
Fake impeachments, pandemics, Russia hoax, Ukraine hoax,
designed to distract you from your wealth being stolen.
I am starting to look more seriously at bitcoin and other crypto-currencies.
Trying to understand the math
and computer programming.
Is it safe?
An alternative to the dollar ?????
How to stop criminals?
USA doomed to another civil war?
North Korea Is Expanding Its Monero Mining Operations
North Korea is stepping up mining of the privacy coin monero as the regime continues its efforts to circumvent sanctions.
U.S. cybersecurity firm Recorded Future said in a report Sunday
that network traffic for monero (XMR) mining
that had originated from North Korean IP ranges had increased by "at least tenfold" since May 2019,
making it the most popular digital asset to mine and surpassing the regime's mining activity for bitcoin (BTC).
The report attributes the changing preference for monero to the fact XMR mining can take place on non-specialized machines,
such as conventional computers,
which lowers operating costs and negates the need to import mining rigs from abroad.
Monero transactions are also anonymous,
making it easier for North Korea to "evade attempts to track funds"
as well as circumvent sanctions imposed on the regime by the U.S.
and the U.N. Security Council, according to Recorded Future.
"We assess that cryptocurrencies are a valuable tool for North Korea as an independent,
loosely regulated source of revenue generation,
but also as a means for moving and using illicitly obtained funds,"
Recorded Future's report said the regime's mining activity had been obfuscated with proxy IP addresses,
Monero has been used by North Korea since at least August 2017 when operatives involved in the WannaCry attack exchanged extorted bitcoin into monero.
Monero is the preferred cryptocurrency for many illicit and criminal organizations.