WORST DESTRUCTION OF WEALTH IN MODERN HISTORY! THIS IS WHAT HAPPENS NEXT!!

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Hey E.T Fam! Happy Thursday to you all. I just wanted to check in and deliver a post mortem on what went down with the Fed yesterday. It seems that they have decided to take a hawkish approach when it comes to the interest rates. Jerome Powell announced that interest rates will be increased 75 basis points – although prior to the decision he promised us that a 75 BPS increase was off the table, but here we are. Aside from that, one of the biggest VC funds in crypto 3AC has imploded due to them failing to meet their lender’s margin calls.

Not to mention Celsius has become insolvent. We’re still waiting to see the end result of the negative windfall, but it’s looking like things could get a bit apocalyptic for a brief period. However, you all know that there is always light at the end of the tunnel. Join me as I give my thoughts on the market and what happens next. Talk to you all soon!

00:00 - Intro
01:27 - Is this good or bad?
01:41 - FOMC meeting aftermath
02:48 - 3AC downfall
03:42 - Anatomy of a disaster
06:49 - What it means
08:07 - Less credit equals less money in the system
08:59 - Rekt
10:32 - It isn't always about the money
11:38 - You can't outsmart the market
13:07 - Kill list
14:34 - Optimism resides in the bear market
15:08 - CZ goin turbo during the bear
16:27 - Outro

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DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR