Eat bugs, live in a pod, and own nothing
038: Will you make it?
“When you show yourself to the world and display your talents, you naturally stir all kinds of resentment, envy, and other manifestations of insecurity... you cannot spend your life worrying about the petty feelings of others”
― Robert Greene, The 48 Laws of Power
Hey guys shorter Arb Letter today given I am getting slammed in my day job.
*sigh, but these things happen in the road to ultimate size lord-dom, next Arb Letter on Saturday morning.
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MARKETS & CRYPTO
Crypto has had an explosive week so far with many blue chips and select alts pumping back to ranges last seen in 2020 before the broader macro/tech sell off. Rumors of a cease fire and easing tensions in Ukraine have appeared to given select assets a jump start on recoveries (or dead cat bounces).
Equities continue to chop with the 2 and 10 yr notes inverting yesterday for the first time since 2006 sparking serious concerns about the possibility of a recession.
Vietnam, #1 in crypto adoption according to Chainalysis, to create a legal framework for crypto (Blockworks)
Kyrgyzstan will launch its own National #cryptocurrency
A Bermuda court ordered Credit Suisse to pay $555 million in damages to former Georgia Prime Minister Bidzina Ivanishvili
Lionel Messi signs $20m deal with crypto firm Socios to promote digital fan tokens - report
Do Kwon (LUNA CEO): Besides Satoshi, we will be the largest single holder of Bitcoin in the world - him and Michael Saylor about to have mad beef
The yield on the 10-year Treasury note TMUBMUSD10Y, 2.392% traded below the yield on the 2-year Treasury note, inverting for the first time 2006 TMUBMUSD02Y, 2.378% Tuesday afternoon, Bloomberg reported - Bloomberg said the 2-year crossed above the 10-year yield at a level around 2.39%. FactSet showed the 2-year yield at 2.383% versus 2.387% for the 10-year. An inversion of the 2-year/10-year measure of the curve is seen as a reliable indicator of recession.
Blockchain project Ronin said on Tuesday that hackers stole cryptocurrency now worth almost $615 million from its systems, in what would be one of the largest cryptocurrency heists on record. LONDON, March 29 (Reuters)
Bitcoin has led the pack with the crypto pop we’ve seen over the last two weeks. Several notable developments have occurred, including Do Kwon of LUNA buying several tranches of $125M spot, increased number of countries having crypto discussions on legal framework, and most recently this morning, Michael Saylor of Microstrategy announcing that MacroStrategy, a subsidiary of MicroStrategy has closed on a $205M Bitcoin collateralized loan with Silvergate Bank. This is huge lol.
One cannot ignore the speed and velocity of institutional involvement in crypto the past several months. Once this adoption hits peak acceleration we will watch as retail capitulates once again falling into the crypto ecosystem in droves. What is happening right now is that all of the smart big boys are positioning themselves the way they should’ve been last year when we turbo pumped.
They’re getting a second chance to lay the piping to be able to take full advantage of the growth we see in the sector over the coming years. They always win, but in crypto if you do your homework, you will be able to get an edge and hopefully have exposure to what I and many others believe will be the biggest wealth transfer to ever occur. Moving digital.
Make no mistake. Crypto offers one of the few remaining chances to get out from underneath the thumb of the globalist elites that now run the world. Big tech, politicians on both sides here in the U.S. and foreign actors, namely our enemies like China and Russia, are all working in tandem to weaken the United States or sell out to other countries for riches (Hunter Biden, and potentially Joe Biden in Ukraine, big pharma during Covid, military industrial complex in Iraq, and so on…...)
To quote the ever common internet anecdote, things haven’t really been the same since 9/11. Our government no longer serves us, we serve the government (with absurd taxes, 9-5 jobs, and obedience) and they’ve intentionally created an environment that segregates the willing and highlights the resistance or potential problem children (the vax) while spending us into oblivion during the now widely controversial Covid 19 pandemic, destroying the middle and lower classes, and pricing them out of homes, retirement, and much more.
That’s why crime is absurd right now, people are getting desperate, uneasy, and angry at the growing gap between the rich elite and everyone else. The Covid narrative is slowly creeping back again and by creeping I mean being relentlessly shilled by legacy media clowns and institutions, ask yourself why. It’s absolutely comical at this point and well beyond obvious what the original intent of the virus was, where it likely came from, and who orchestrated the entire pandemic to begin with, but that’s another story and half of you probably aren’t ready for that. Dots are there though if you’re willing to critically think.
Why? Well its quite simple. To force you to become more dependent on the government (few elite) and their power. That’s literally socialism, and that’s the end goal, make no mistake.
To be unaware of the change that is taking place is not an option, because the chances it physically impacts you soon are very high. Food shortages, hyper inflation, supply chain breakdowns, war, and soon election unrest, will test the mental fortitude of our entire country.
With some slight optimism about the situation in Ukraine over the last 72 hours, many are looking to see if there will be an actual cease fire or agreement completed. Various reports indicate Russian forces have pulled back in several regions and are now focusing on the separatist zone of Donbass, the initial piece of land that Putin was so dedicated to seceding from Ukraine. The Hunter Biden Ukraine story is exploding once again given the recent updates surrounding his contract with Burisma and the fact that the FBI allegedly has “lost” his laptop. Former President Trump urged Vladimir Putin to opine on the supposed arrangement this week.
A top legal analyst at CNN said it is possible President Biden's son Hunter could be indicted by the U.S. government following an investigation into his foreign business dealings.
The Justice Department is reportedly continuing to look into potential illegal lobbying allegations against a consulting firm tied to Ukrainian energy company Burisma, a company Hunter Biden once sat on the board of.
"There is a realistic chance this could result in federal charges," Honig said. "Of course, then we'd be in unprecedented political territory not legal territory but a situation of having potentially the Department of Justice prosecuting and trying to imprison the son of the president."
To be perfectly honest with my readers, there is no doubt in my mind that Hunter Biden potentially Joe, were involved in money laundering or other illicit activity in Ukraine and potentially China (more coming out on that everyday). Not a shred of doubt. Might even explain why our politicians are so fucking hell bent on sending troops in and escalating, potentially some elements of blackmail or extortion at play with multiple politicians, including Zelensky himself.The media has spent more time analyzing Will Smith's hissy fit than the Ghislaine Maxwell trial, Waukesha massacre and Hunter Biden combined.
Another friendly reminder to try and think for yourself during these times, nothing is as it seems, I assure you and I fully get that you may disagree with some of my commentary/thoughts. That’s normal, you should. But the fact is, at this point the conspiracy theorists and critical thinkers are starting to get just about everything right. Why is Covid coming back? Why are government agencies admitting numbers were fudged and exaggerated? Why is there such a massive shift of focus to Ukraine? What happened to the Covid coverage when the war started? Why are we getting fuzzy info at best out of Ukraine?
Russian and Ukrainian delegations were meeting in Istanbul, Turkey, for a fresh round of peace talks as fighting continued across Ukraine on Tuesday.
GOP Sen. Susan Collins will vote to confirm SCOTUS nominee Jackson
Solomon Island’s Prime Minister Manasseh Sogavare has strongly defended his nation's right to seek security deals with China - on top of existing infrastructure and other select business investments in past weeks.
A leaked draft agreement has signaled that China could deploy troops to the Solomon Islands - and could potentially seek to establish a naval base there.
Europe has mounting fears Moscow will turn off natural gas supplies
Uganda's military has killed 309 people in an eight-month-old operation against cattle rustling in a northeast region rich in minerals including gold, limestone and potentially oil, the armed forces said. KAMPALA, March 30 (Reuters)
President Zelensky caught up with Biden Wednesday
Latest reports this morning indicated that there may actually be a lull in the fighting in Ukraine, with Russian troops pulling back in certain regions. Whether this is due by necessity (getting their ass beat) or if it is a strategic decision, remains to be revealed.
Ukraine’s military said it had detected withdrawals around the cities, and U.S. Gen. Tod Wolters, commander of the U.S. European Command, said that is “exactly what we see.” The Russian advance on Kyiv had stalled in recent weeks, but missile strikes have battered the city and left shortages of food, water and other necessities for a population of almost 3 million people.
Ukrainian President Volodymyr Zelensky has said his country was prepared to declare its neutrality, as Moscow has demanded, and was open to working out a compromise over the contested eastern region of Donbas over the next 15 years (USA TODAY)
See you guys Saturday morning for a breakdown on my top alt coin projects for 2022. Do you agree with my spicy takes? Let me know in the comments.
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*DISCLAIMER - None of this is financial advice, it is important that you do your own research and make your own investment decisions. I am just a 29 year old former trader and current sales/technology/brand building professional looking to make it like anybody else. Because I have built such a massive digital network building Arbitrage Andy & Arb Letter, Arb Letter looks to leverage that information and sentiment for you to make informed decisions that cut through the noise of legacy media and news.