Bonus Bunnies

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A city spokesperson told the Detroit Free Press that no such permit has been granted for the Mount Elliott Crushing water tower. The city spokesperson said someone from the Buildings, Safety, Engineering, and Environmental Department would be sent to the property for an inspection and “possible correction order.”

City of Detroit to investigate water tower with Polymarket logo https://t.co/O2n852pQxy

Polymarket and other prediction markets that ventured into sports trading last year maintain that they’re financial platforms governed by federal law.

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Uhh…sure. Replacing fiat dollars with BTC for “value preservation” is like speedballing heroin and cocaine as a valuable tool for maintaining emotional balance. Yeah, you’ll be balanced, on average I guess, except you won’t feel that way ever when you’re swinging between wild extremes and your pulse varies from 40 – 200bpm every other minute and you end up in cardiac arrest. But hey, I know, the world has gone completely and utterly mad, so what else is new?

Just the rumors of this had spurred BTC past $58,000 a token, but then whoops, it crashed again by about $10,000 in a matter of minutes. This is what corporate America wants to put on its balance sheets? A pseudo-asset that they won’t even know the value of any given minute? Speedballing by comparison seems quite the mild, conservative habit to engage in. But the BTC crowd certainly has one thing absolutely right. Having extra fiat money on your balance sheet, especially U.S. dollars, at this point in monetary history, is extremely dangerous, even suicidal. Corporations are going to have to get rid of them real soon, because the U.S. dollar is about to completely implode. And with the U.S. dollar, will go every single other fiat currency in the world in real purchasing power terms.

Once it becomes obvious, it will be too late to do anything about it. It doesn’t matter how great a company you have. If you are interested in preserving your company, there is only one thing you can do. Replace any extra fiat currency stuck on your balance sheet with real money, with gold, now, or you will sink together with all the inflated paper nothing units on your balance sheets.