What is the oligarchy that runs the US trying to do?
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice. For informational purposes only.
https://www.podbean.com/wlei/pb-w9b7w-173ce0c
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice. For informational purposes only.
https://www.podbean.com/wlei/pb-cu2p8-173b2cb
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice. For informational purposes only.
Screenshot from CoinMarketCap at approximately 3:57pm EST 11/11/24
By Stan Szymanski
Bitcoin (BTC) is up over $8,000 in the last 24 hours. Let that sink in for a minute.
Maybe we should be thankful to see such monetary wonderment and opulence taking place during the historic times we are living through.
I’m cynical… I should be and so should you.
Most cryptocurrency exchanges rely on the ‘StableCoins’ of USDT (Tether) and USDC (the ‘digital dollar’) to settle crypto trades and receive capital from the banking system.
Years ago I thought it was interesting to hear the Bitcoin was ‘digital gold’. Hearing that BTC could not be compromised and that only 21 million would every be mined gave me hope for a system of ‘sound money’. My message to you today is…
POOF! Those ideas are gone…I’m going to share some interesting findings on why there is no way that this ends well…
While it might be true that Satoshi Nakomoto will only ‘mint’ 21 million Bitcoin, it doesn’t mean that there aren’t other shadowy forces at work to allegedly manipulate the price of the beloved ‘coin’. And when it is up $8,000 in one day, wouldn’t it be a great day to talk about it?
Is Bitcoin Price Discovery Genuine?
In October 2019 John Griffin and Amen Shams published a writing titled ‘Is Bitcoin Really Un-tethered?’ The gist of the 119 page paper can be summarized by reading its abstract:
…’This paper investigates whether Tether, a digital currency pegged to the U.S. dollar, influenced Bitcoin and other cryptocurrency prices during the 2017 boom. Using algorithms to analyze blockchain data, we find that purchases with Tether are timed following market downturns and result in sizable in- creases in Bitcoin prices. The flow is attributable to one entity, clusters be- low round prices, induces asymmetric autocorrelations in Bitcoin, and sug- gests insufficient Tether reserves before month-ends. Rather than demand from cash investors, these patterns are most consistent with the supply-based hypothesis of unbacked digital money inflating cryptocurrency prices.’…(Is Bitcoin Really Un-Tethered?)
The authors are basically saying that, as I understand it: When Bitcoin has a downturn in price…Tether prints unbacked Tether ‘coins’, even when there is a lack of cash buyers, resulting in a recovery of the Bitcoin price.
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Since the presidential election Bitcoin has been on a tear higher. But right before the election, BTC had fallen from around $72,800 on 10/30/24 down to $67,360 on 11/4/24. In less than a week Bitcoin is roughly $20,000 higher…
So we have looked into one facet of the story on why Bitcoin is higher. Maybe it was/is a ‘Trump trade’…but maybe it had some help-a lot of help perhaps…
Then we have the matter of Tether being used as collateral for derivatives trades:
…’Trabucco (quantitative trader at Alameda Research) also noted “heightened volumes” across all cryptocurrency trading venues over the past few weeks (in 2021) combined with “the ability to use USDT (Tether) as collateral for an increasing number of derivatives products” (emphasis added) as additional reasons for tether’s substantial supply growth….Notably, trading volumes for markets quoted in USDT continue to surpass bitcoin-quoted pairs, which used to be where most trading volume concentrated…For Tether, all of these combined market dynamics “have led to an increase in creation”, Trabucco said.’…(Coindesk 1/11/21)
Not to mention the coin is (allegedly) created out of thin air as well as receiving demand from the derivatives market.
Here is the biggest investment manager in the world getting involved in the same arena as Tether:
…’Blackrock, the world’s largest asset manager, has dropped a new bombshell on the market. It aims to have its BUIDL token adopted as collateral in derivative products. In partnership with Securitize, the company is already in talks with the market’s leading exchanges, such as Binance, OKX and Deribit. (The Crypto Gateway (10/18/24))
And now almost anyone can create their own derivative trade through the Opium Network:
…’Opium is a protocol for creating, settling, and trading any decentralised derivative.’… (Opium Network-misspelled word maintained for integrity)
In Opium’s ‘Terms and Conditions’ it states that it is ‘a beta version of a new financial system’. Apparently one cannot be a citizen of the US, Canada or Japan nor can you use a VPN…so if you are an American citizen reading this, if it were me, I personally would not agree to the Opium Network Terms and Conditions. This is not financial advice; consult a financial advisor.
In their own words, it looks like the derivative exchanges are in the process of creating a ‘new financial system’. Maybe because the old one is dying…
At medium.com Andrey Belyakov states:
…’Opium protocol can be utilized to create exchanges, trading instruments and any tickers. What’s more, it takes you only 20 minutes to do all that — it has never been so easy, inexpensive and quick to start trading and using derivatives.’…(medium.com)
The crypto derivative exchanges are using USDT (Tether) and USDC (the ‘digital dollar’) as the vehicle for receiving dollars into the exchange and for settling derivatives trades done within the exchange.
Derivatives can have a lot more risk (and potential return) than many ‘traditional’ investments. I personally only wanted limited options and futures exposure during my career as a financial representative and CFP-mainly because I wanted my customers to keep their money and I wanted to keep them as customers. Most people do not know that outside of hedging a position for a commodity that you already own (like a farmer and his crop)-derivatives are fraught with high risk. And it looks like many more ‘investors’ are involving themselves in the derivatives markets. And now fiat-based cryptocurrencies can be used for collateral for these types of trades.
…’Tether created a cryptocurrency that is fully backed 1:1 by deposits of fiat currencies like the US dollar, the euro, or the yen. This makes Tether a fiat-based stablecoin, which differs from other stablecoins such as crypto-collateralized stablecoins, which use cryptocurrency reserves as collateral.’…(blockchain.com)
USDT (Tether) is a ‘fiat based’ stablecoin. Tether’s largest competitor, USDC, is also a fiat-based ‘StableCoin’:
…’USDC is backed 100% by cash and highly liquid cash-equivalent assets. The majority of the USDC reserve is held in the Circle Reserve Fund (USDXX), an SEC-registered 2a-7 government money market fund. Daily, independent, third-party reporting on the Circle Reserve Fund portfolio is publicly available via BlackRock.’…(USDC)
So the cryptocurrency collateral that is underpinning a substantial portion of the derivatives market is fiat-backed. That means that the majority of the assets that anchor the collateral are invested in T-bills, Overnight Reverse Repurchase Agreements and Money Markets. If Tether or USDC received a big enough redemption request at one time, the StableCoin(s) would have no option but to sell off the supporting fiat assets to make the redeemers of the StableCoin whole. That might be really hard to do with a great big redemption request during a time of higher short term interest rates that would cause fixed income assets (T-Bills etc) to be sold at a loss (does anyone remember Silicon Valley Bank in 2023 and their bonds?).
What kind of trading volume and activity might one see at a crypto based derivatives exchange?
I went to coinmarketcap.com and took a look at some of the volume that these exchanges are doing in a 24 hour period. One exchange, Bitget, traded derivatives in value of 16 times its held assets during a 24 hour period of time:
Photo credit: CoinMarketCap
Isn’t that a little eye opening?
How much leverage can be used in these transactions?
…’On specific trading pairs, like BTC/USDT, Bitget allows leverage reading of up to 125x, which means that you can open a position worth 125 times the margin you post. Of course, this also means that the slightest move against your position will liquidate you, and you will lose your funds.’…(CryptoPotato)
If crypto derivative exchanges allow for the use of margin at up to 125 times the underlying assets that support the trade, that gives the trader an incredible upside and a catastrophic downside to every transaction they engage in. Ask any broker who saw the carnage that the wrong side of margin trading can cause…Examples: October 1987, March 2000 and the GFC (Great Financial Crisis) of. 2008. By the way-is your brokerage account a ‘cash’ account or a ‘margin’ account? Did you know that when you open an account some brokerages just give you a ‘margin’ account if you do not specify? Now would be the time to call your broker and check on that. This is not financial advice.
Is it possible that the incredible run up that we have seen in Bitcoin in the previous 24 hours (and since the US election) is due at least partially, to potentially massive amounts of margin borrowing involving historically very volatile assets such as Bitcoin and cryptocurrencies such as Tether and USDC? If so, what happens when a trade goes against a substantial part of the derivatives market and extensive and enormous margin calls result?
It could be big. It could be HUGE. It could have implications for the entire financial system.
Tether was able to survive redemptions of $10 billion in 2022 and basically hold on to its $1 peg. What if Tether had to meet redemptions of $30 billion or $50 billion? Could it hold onto its ‘stable’ coin price? I don’t think so. What would that do to the underlying markets in Treasuries and Money Markets for instance if margin calls around the world from derivatives trades going the wrong way had to be settled under duress?
I believe that we are in, and heading further into perilous times. I believe that one way to look at Bitcoin going up 10% in one 24 hour period is just another way of saying that the United States Dollar just lost value on the world stage. After all, Bitcoin is priced in US Dollars and Bitcoin just went up 10%…that means it takes 10% more US Dollars to buy the same amount of BTC. No matter what the DXY (dollar index) says-the dollar is -losing- value and standing. The whole world is eschewing the dollar-hence the ascension of the BRICS. Two and a half years ago I wrote about how the late Rob Kirby opined that crypto that was being used in trade settlement at the time of the beginning of the Ukrainian war-apparently to circumvent the US sanctions. But the use of BTC to settle trade between countries could be an act of war against the US Dollar as well. This is why I said in the title of today’s writing that the Dollar was down against Bitcoin which is an entity that has been used for trade settlement. I believe that dubiously issued ‘StableCoins’ that are allowed to be the assurance and pledge that is the foundation for part of the gargantuan derivatives market is a real problem for the integrity of said market and for all peoples. I believe that a problem in the derivatives market is an inherent problem for the US Bond market and therefore -all- markets. Perilous times indeed..can this end well? No way.
BTW, Tether is being investigated by the DOJ; allegedly for fraud. If Tether has acted fraudulently can the price action of Bitcoin be genuine? Not only Bitcoin, but all of these new derivative exchanges could be built on a house of cards known as Tether. Can this end well? IMHO-No way.
What is the average person to do? We all need to make sure that we have food, water (and a way to filter and store), shelter, energy, protection and communications (not your cell phone). Consider physical precious metals (not paper) that pose no counter risk to you. Be out of debt to the extent you can. Most importantly know Jesus Christ as your Lord and Savior because ‘God will make a way where there seems to be no way’.
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Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice. For informational purposes only.
https://disswire.com/leaked-documents-confirm-pfizers-covid-vaccine-was-a-bio-weapon/
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice. For informational purposes only.
https://www.theburningplatform.com/2024/11/10/dr-mike-yeadons-austrian-testimony/
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice. For informational purposes only.
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice. For informational purposes only.
From the article…’Now, a brave whistleblower within the ranks of one of the biggest vaccine manufacturers, has finally exposed an array of ingredients, including human fetuses, that were included in the deadly shots.’…
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice. For informational purposes only.
From the article…’The Biopharmaceutical Complex wishes for this strain to fully adapt to humans so they can roll out bird flu mRNA injections developed by Moderna, or CEPI-funded H5N1 replicon (self-amplifying) shots.’…
https://substack.com/home/post/p-151392651
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice. For informational purposes only.
https://old.bitchute.com/video/mMGHTcEnk4Yy/
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice. For informational purposes only.
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice. For informational purposes only.
https://www.podbean.com/wlei/pb-c5ncr-172b686
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice. For informational purposes only.
The Encouraging Angels Podcast with Stan Szymanski | EA Livestream 11/1/24-‘I Hope You Have What You Need’
https://www.podbean.com/wlei/pb-v5zm4-17276d8
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice. For informational purposes only.
…’“And I say also unto thee, That thou art Peter, and upon this rock I will build my church; and the gates of hell shall not prevail against it.”…
Matthew 16:18 KJV
https://bible.com/bible/1/mat.16.18.KJV
https://disswire.com/bill-gates-demands-new-one-world-religion-to-accommodate-ai/
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice. For informational purposes only.
Please continue giving to the relief organizations such as Samaritan’s Purse and Grindstone Ministries. The gubbamint is out to lunch and apparently not coming back to work. People -seriously- need help.
https://x.com/DisrespectedThe/status/1851707358759526683
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice. For informational purposes only.
https://childrenshealthdefense.org/defender/gates-foundation-diplomatic-immunity-kenya/
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice. For informational purposes only.
https://www.care.com/c/how-to-get-paid-to-be-a-family-caregiver/
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice. For informational purposes only.
https://www.podbean.com/wlei/pb-yx6qg-171fed4
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice. For informational purposes only.
Consider this information.
https://usawatchdog.com/desperate-deep-state-wants-war-martial-law-martin-armstrong/
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice. For informational purposes only.
All Rights Reserved.
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