PF Europe-Med Activity: SAM509 NE from Dhabi and arrived on 1117 from Tel Aviv stop of about 2h30m-very high-level AC dis, Hungarian AF HUAF706 Falcon 7X on ground at Beirut from Budapest, Royal Saudi AF RSF1280 A330 heading back to Riyadh from Souda Bay, Crete depart-about 4h 15m on ground, German AF GAF689 GL5T back to Bonn after about 5h on ground at Cairo Int'l, VV100 US Navy G5 on descent for Naples from Kochi, India depart and departed New Delhi yesterday after arriving on 1116 from Souda Bay, Crete, REDEYE6 E-8C Joint STARS trackin' over eastern Poland and Belgina AF BAF73 returning to Brussels from Madrid depart and about 6h on ground
>VV100 on descent for Naples from Kochi, India depart and departed New Delhi yesterday after arriving on 1116
Finishing this
US Secretary of Navy on five-day visit to India, to inspect INS Vikrant
https://www.business-standard.com/article/current-affairs/us-secretary-of-navy-on-five-day-visit-to-india-to-inspect-ins-vikrant-122111800822_1.html
Not many meals missed by this fat SOB
Moroccan AF FRV1315 G5 landed at Westchester Airport NY about 30m ago from Rabat depart-German AF GAF878 A321 Neo (less than 1 year old) inbound from Bonn departure earlier today-probably headed to Dulles Int'l
>>17781223 pb Genesis suspends withdrawals
FTX’s Latest Casualties: Federally Insured Crypto Banks
On August 1 of this year, we penned this headline at Wall Street On Parade: Brace Yourself for Federally-Insured Bank Failures Caused by Crypto. Our research for that article was so stomach-churning and frightening that we emailed the article to key staff for the Senators who sit on the Senate Banking Committee. One of the banks we researched for that article was Silvergate Bank. We wrote:
“FDIC-insured Silvergate Bank is part of the publicly-traded Silvergate Capital Corp., (ticker SI). Silvergate’s website says this about its hot pursuit of crypto: ‘We began pursuing digital currency customers in 2013 and have been deliberate in our approach to serving this community since then. Today, we have 1,300+ digital currency and fintech customers that are using our platform daily to grow and scale their businesses.’ “Silvergate Capital’s 10-K (annual report) for the year ending Dec 31, 2021 that it filed with the Securities and Exchange Commission acknowledged this about the crypto market that it has so deliberately decided to pursue: ‘The characteristics of digital currency have been, and may in the future continue to be, exploited to facilitate illegal activity such as fraud, money laundering, tax evasion and ransomware scams; if any of our customers do so or are alleged to have done so, it could adversely affect us…’ “Silvergate’s 10-K also states that ‘Deposits from digital currency exchanges represent approximately 58.0% of the Bank’s overall deposits and are held by approximately 94 exchanges.’
“Let’s pause for a moment to digest that last statement: More than half of a federally-insured bank’s deposits are tied to crypto while federal regulators are twiddling their thumbs and letting it happen. This news comes despite the fact that legendary investor Warren Buffet has called the largest cryptocurrency, Bitcoin, ‘rat poison squared’; global economist, Nouriel Roubini, told the Senate Banking Committee in 2018 that ‘Crypto is the Mother of All Scams and (Now Busted) Bubbles While Blockchain Is The Most Over-Hyped Technology Ever, No Better than a Spreadsheet/Database.’ More recently, Bill Gates, co-founder of Microsoft, one of the most valuable tech companies in the world, stated that cryptocurrencies are ‘100% based on greater fool theory.’ And just this past June 1, more than 1,600 scientists and software engineers wrote to Committee chairs in Congress to warn that both crypto and blockchain are shams.”
https://wallstreetonparade.com/2022/11/ftxs-latest-casualties-federally-insured-crypto-banks/