⬆️ @Nonilex

>> Top crypto execs have tried to mobilize the industry behind #Trump, who has reciprocated by praising digital currencies & hosting execs

If Trump wins, #crypto will be the defining crisis of this decade, just like #SavingsAndLoan #CreditDefaultSwap #GlobalFinancialMeltdown crises of past decades

Trump will leave the economy in a wreck for the #Democratic president of 2028 to clean up, if there is a new election then

Otherwise, it’d be #oligarchs plundering #US, just like #Russia

#15yrsago Mexico to fingerprint mobile-phone owners https://web.archive.org/web/20081218201523/https://www.google.com/hostednews/ap/article/ALeqM5hbIC6ZYe2A2fSIe1q-1dnh4TphiwD94VK6K81

#15yrsago Last days of an NYC library https://www.drivenbyboredom.com/2008/12/11/the-donnell-library-center-a-eulogy-in-pictures/

#15yrsago UK culture secretary: “Screw the facts, I’m extending copyright anyway” https://www.openrightsgroup.org/blog/screw-the-evidence-says-burnham-lets-extend-copyright-term-anyway/

#15yrsago What the hell is a #CreditDefaultSwap? https://web.archive.org/web/20090421013937/https://www.thisamericanlife.org/radio_episode.aspx?episode=365

#15yrsago @eff (cautiously) optimistic at record labels’ offering of a #BlanketLicense to universities https://www.eff.org/deeplinks/2008/12/labels-open-collective-licensing-campus

6/

from #TheBigShort (2015), regarding credit default swaps which were used to bet on the collapsing housing market / mortgage backed securities:

"let me put it this way: I'm standing in front of a burning house, and I'm offering you fire insurance on it."

#CreditDefaultSwap #CreditDefaultSwaps

https://youtu.be/3hG4X5iTK8M?t=200