Ways to raise capital for real estate investing…..

[Lance Thompson]

More information on how to read company financial statements……………………..

 

[admin]

And yet another tutorial on how to read a financial statement…………………….

[Lance Thompson]

So now China is developing a State-backed/Non cryptocurrency utilizing Blockchain to compete with Ethereum…….What a bunch of misfits……….It’ll still be “Government-controlled” and people simply do not trust governments. Exactly why Chinese Citizens will continue fleeing to other countries that allow crypto trading so that they can trade them…………They won’t figure it out until they’re light years behind everyone else.

 

[Lance Thompson]

A very significant step forward…………………………………………………

 

 

https://www.cnbc.com/2022/09/16/heres-whats-in-biden-framework-to-regulate-crypto.html

[Lance Thompson]

Yeah………
Had to watch it multiple times because in this short clip they do cover quite a bit of info regarding the growing distance in policy that’s developing between the City of Hong Kong & Mainland China. It’s very interesting……HK’s Secretary for Financial Services & Treasury says here “Yes, HK is definitely a part of China, but we operate as 1 Country with 2 systems. So we have our own financial system, we have our own currency and that’s why we have our own policies……”……..Sounds like they want to break completely away from Beijing’s restrictions and be free to do their own thing. Sounds like they’re sick of Mainland China honestly.

Question is, will that cause any conflict between the City of HK and the Chinese Communist Party (CCP)?…..Will be keeping an eye on that because it may cause a rift between HK and the Mainland. But then again it may not cause any conflict whatsoever…….Mainland China just may want to keep an eye on HK as a model for how to implement successful policies of their own based on HK’s example……Lots of countries seem to be looking to the U.S., Dubai and Europe for guidance on how to implement the best laws & policies on crypto.

[Lance Thompson]

More on the new developments in Hong Kong and in Mainland China. It is also revealed in this videoclip that the big crypto exchanges FTX & Huobi both recently left Hong Kong and bolted to the Caribbean and don’t forget that Justin Sun, the Chinese Founder of Tron crypto picked up stakes and left China about a year ago and moved to Grenada where he became their World Trade Ambassador for Crypto. And then there’s also several exchanges that have left China AND India to move to Dubai because of the crypto-friendly tax structure there.

Some of y’all sitting there like “That’s why Hong Kong is quickly rethinking their position…..No way in h*ll they’re gonna let Black & Brown people reap all the financial and tax benefits of crypto alone without them getting their piece of the pie”………..I don’t disagree with that one iota……You think they’re gonna sit around and let “the moolleys” reap all the benefits??……….Sheeeeiddddd……….

To all my Africans?? Time for the Continent to implement crypto friendly tax laws in our 54 African countries that attract crypto exchanges and and investors to move there for those same benefits. Time for Africa to “play the game” too!

 

[Lance Thompson]

All right…………

We all know that what just went down with FTX is a s–tshow but we’ve got to determine what exactly happened……….

#1. Did FTX go bankrupt because crypto is a scam?……..(as I research more it’s not necessarily looking like this is the case)

or

#2. Did FTX go bankrupt because Sam Bankman-Fried bka SBF mismanaged his company??……..(It’s looking more and more like this is what happened).

 

Let’s listen to a few knowledgeable crypto investors and do some fact-gathering.

 

[Lance Thompson]

Let’s get Bob’s thoughts too on the FTX collapse…………….Keep an eye out for exactly how the U.S. Securities & Exchange Commission reacts as well…………..

 

[Lance Thompson]

Yeah……………………….

Turns out FTX was incorporated in Antiqua and Barbuda and was headquartered in The Bahamas. So you know how it’s gonna “look” right? It’s gonna reflect poorly on “Us”……It’s going to look like this guy Sam Bankman Fried came down to the Bahamas and setup his scam shop right under the noses of these Bahamian moolleys.

The saving grace?

SBF had also setup the FTX.US website for U.S. users so he had done everything necessary to gain the approval of the U.S. SEC and for you guys down there in the Bahamas you should always point to that……”Whoa whoa whoa whoa whoa……Before you go pointing the finger at us, this guy setup his FTX.US website after meeting all of the requirements of the SEC so they look just as bad as us.”

And we all know, the U.S. Government hates being made to look like fools which is why I agree with Bob……Look for heavy U.S. regulations on crypto after this, particularly for exchanges outside of the U.S. Other countries will be joining in with heavier Government oversight as well.

[Lance Thompson]

Whelp…………….

Although he hasn’t yet been “captured” it appears that SBF was detected by Bahamian authorities attempting to escape to Dubai. Apparently they have him cornered and unable to escape. Now extradite his a** to the U.S. so we can give him the Bernie Madoff 40 year “Go & die in prison” sentence……………

Score 1 for the Bahamian moolleys!!

[Lance Thompson]

More perspective on the FTX collapse……………..

 

 

[Lance Thompson]

An even more interesting point-of-view from Bob……………………………….

 

[Lance Thompson]

More interesting thoughts from Michael Saylor of Microstrategy, one of the biggest holders of Bitcoin on the planet…….Very few companies own more Bitcoin than Microstrategy……..

 

 

[Lance Thompson]

Okay,

So the Good Senator from Wyoming can at least lay out for us where her joint legislation put forth back in June, 2022 with a 2nd U.S. Senator would have protected and “will” protect investors in the General Public from another FTX debacle………………..

 

[Lance Thompson]

I know this doesn’t worry most because most of us invested in crypto moved our coins out of whatever exchange they were on and into a cold storage wallet days ago…….(I’m sure most have)……But for anybody who has their coins still sitting on an exchange this move right here has to raise eyebrows because the industry has 2 Shining Stars among exchanges………

1. Coinbase

&

2. Binance

So if CZ (Founder & CEO of Binance) had done something like this 6 months ago? No big deal……But to do it at a time like right now where people are already jittery about the future of the industry? It makes people wonder……For any of you young people who were too young to invest back during the 2008 Real Estate Market Crash which led to the collapse of Lehman Brothers Bank? That was the first time in MY lifetime where I saw what they were talking about regarding the Wall Street term “contagion”…….Contagion is where the collapse of one of the Big Boys causes the collapse of many other firms throughout the industry simply because so many of those big & small companies have been investing in each other and “lending” each other money. They love becoming creditors to the bigger companies because they consider that a guaranteed loan repayment & profit. So when one of the Big Boys goes down? So do many other companies. They brought Dick Fuld, the CEO of Lehman up on Capitol Hill for a Congressional Hearing back in 2008 after that collapse and Congress announced 2 days ago that Sam Bankman-Fried will be brought up on the Hill for his spanking……I mean “Hearing” sometime in early December……..That’s gonna be bloody……You gonna see some highly upset Congresspeople expressing more than their fair share of anger because not only did many of their constituents lose money, so did many of them!……The underlying sentiment towards SBF??……”You punk mf……I was planning to retire on my FTT coin investment!”

Hopefully this is nothing…….Still will have to keep an eye on it.