Diane you have written a very good crypto piece, well researched. I like your basis - Greed - because all cryptos are fake (except Bitcoin which has a store of value in 29 million coins). Sure, they have stored value (cash) but it apparently isn't enough to withstand a Run (Biance). And how much would Bitcoins be really worth if those electronic pieces were liquidated?
Very interesting . Even more interesting and inexplicable is how the Ontario Teachers Pension Fund was allowed to, and did invest 95 million dollars of pension funds into the FX fund because it wanted to be perceived as “forward looking” in its investment policy . This was hard on the heels of the multi million dollar CPP investment into the failing retailer Nieman Marcus, moments before the latter filed for bankruptcy. One wonders if the Canadian governments are getting the message at any level . All pension moneys lost due to repeated recklessness and negligence ; when you put a clown in office , the kingdom becomes a circus.
Diane you have written a very good crypto piece, well researched. I like your basis - Greed - because all cryptos are fake (except Bitcoin which has a store of value in 29 million coins). Sure, they have stored value (cash) but it apparently isn't enough to withstand a Run (Biance). And how much would Bitcoins be really worth if those electronic pieces were liquidated?
Very interesting . Even more interesting and inexplicable is how the Ontario Teachers Pension Fund was allowed to, and did invest 95 million dollars of pension funds into the FX fund because it wanted to be perceived as “forward looking” in its investment policy . This was hard on the heels of the multi million dollar CPP investment into the failing retailer Nieman Marcus, moments before the latter filed for bankruptcy. One wonders if the Canadian governments are getting the message at any level . All pension moneys lost due to repeated recklessness and negligence ; when you put a clown in office , the kingdom becomes a circus.
The actual amount invested into failing retailer Nieman Marcus by the CPP , was 6 billion dollars , all of which was written off .
FTX , apologies !
Thank You for clarity in the calamity. Shared.
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