Apple: Using cash is “clearly reckless”

https://blog.vexl.it/apple-using-cash-is-clearly-reckless-77e2a519a3bc

Test messages will be sent to all TVs, radios and mobile phones

FEMA is coordinating with the Federal Communications Commission to carry out the test at approximately 2:20 p.m. ET on Wednesday, Oct. 4.

https://themessenger.com/news/emergency-alert-system-test-october

Large banks would be required to maintain a minimum amount of eligible long-term debt equal to the greater of 6 percent of risk weighted assets, 3.5 percent of average total consolidated assets, and for banks subject to the supplementary leverage ratio, 2.5 percent of total leverage exposure under the supplementary leverage ratio.  Additionally, the proposal would: 

• Prohibit large banks from engaging in certain activities that could complicate their resolution; and
• Disincentivize banks from holding long-term debt issued by other banks to reduce interconnectedness.

Because large banks generally pose less risk than the largest and most complex banks, the proposed requirement would be calibrated at a lower level relative to existing requirements for the eight largest and most complex banks.  Under existing rules, the largest and most complex banks are subject to total loss-absorbing capacity (TLAC) requirements, including minimum and buffer requirements, as well as a long-term debt requirement.  Under the proposal, a large bank with total assets of $100 billion or more that is not one of the largest and most complex banks would not be subject to TLAC requirements. 

https://www.fdic.gov/news/fact-sheets/ltd-resolution-8-29-23.html

US Court paves way for first Spot #Bitcoin ETF after Grayscale wins lawsuit against SEC, Bloomberg reports.

The figures highlight a significant development, as only 5.8% of the total Bitcoin supply is presently held on exchanges. This marks a historic low for the pioneer cryptocurrency’s top market cap asset, a level not witnessed since the heady days of December 17, 2017.

Evergrande shares plunge as much as 87% as trading resumes after 17 months

https://www.msn.com/en-us/money/markets/evergrande-shares-plunge-as-much-as-87-as-trading-resumes-after-17-months/ar-AA1fReBV

China’s Worsening Economic Slowdown Is Rippling Across the Globe

https://time.com/6308850/china-economy-slowdown-global-effects/

https://www.federalreserve.gov/newsevents/speech/powell20230825a.htm (see conclusion)

= Fed has no idea what they are doing 
= we are all screwed soon
= they are just throwing salami at the wall and seeing what sticks

"Timber!!!..."

1729 - Voltaire said that all fiat money returns to its intrinsic value which is ZERO.

Watch Venezuela, Lebanon, Turkey and others recently to see it happening in action.

https://youtu.be/rrXRH0rN0A0?si=gs6vbaeCcmbPAlZ8

Delve into Michael Saylor's profound insights on Bitcoin and its revolutionary impact on the concept of ownership and property. From the unique nature of Bitcoin as the only true property one can own without fear of confiscation to its distinction from the broader crypto world, Saylor paints a vivid picture of its significance in the 21st century. Discover how Bitcoin stands as a beacon of hope in a world where physical assets can be seized, and learn about its recognition as a legitimate digital commodity by global institutions. 

About Michael Saylor: Michael J. Saylor is an American entrepreneur and business executive, who co-founded and leads MicroStrategy, a company that provides business intelligence, mobile software, and cloud-based services.

And the water conspiracy theory is debunked by AI here

I just debunked the 1st governor's bill signing misinformation by asking AI here

The only things that have made my left eyebrow go up slightly in all of this …. Is the turning on/off of water aspect by the utilities….. AND the state governor signing a bill giving him authority to appropriate the land in a natural disaster just ONE WEEK prior….  Those 2 coincidences alone merit an investigation.  (of course I don’t believe in space lasers or the school personnel being evil by either sending the kids home early…).

Now the lack of sirens can be explained by simple manager incompetence. I believe that guy recently resigned in the face of accusations.

Your thoughts?

p.s. - As for Oprah, I think people are really stretching trying to implicate rich locals as being behind such a disaster.