>Cryptocurrency will replace the dollar and be backed by gold/silver.
The blockchain technology will be used to securitize hard assets. Crypto's are shit.
POTUS administration bans cruises from traveling to Cuba — leaving passengers high and dry
Planning a cruise to Cuba? You’re likely out of luck.
The U.S. government will no longer allow cruise ships to travel from American ports to Cuba, as part of a new series of travel-related sanctions announced Tuesday. The restrictions were implemented in response to the Cuban government’s continued support for Venezuelan leader Nicolas Maduro, the Miami Herald reported MNI, -6.10% .
“As a result of the rule on display on the Federal Register today, cruise ships as well as recreational and pleasure vessels are prohibited from departing the U.S. on temporary sojourn to Cuba effective tomorrow,” a Commerce Department spokesperson told MarketWatch late Tuesday.
Representatives for the Treasury Department, which also regulates travel between the U.S. and Cuba, did not return request for comment.
An administration official also told the Miami Herald that the policy change was made because the Cuban government directly profited off cruise companies, as the companies had to pay fees to dock in the country. Most of the country’s ports are controlled by Cuba’s military, the official said.
The Cruise Line Industry Association said that the U.S. policy change came without warning and has forced cruise lines to eliminate all Cuba destinations from their itineraries effective immediately, affecting roughly 800,000 passenger bookings that are scheduled or already underway. “While this situation is completely beyond our control, we are genuinely sorry for all cruise line guests who were looking forward to their previously booked itineraries to Cuba,” the organization said in an emailed statement.
Americans gained the ability to cruise to Cuba in 2015 when President Obama’s administration began allowing cruise lines to get people-to-people licenses to travel to the Caribbean country, according to travel website Cruise Critic. The Department of Treasury said Tuesday that it would no longer authorize these specific licenses that allowed for certain forms of educational travel to Cuba.
People can still travel to the country, though they must be visiting Cuba for a specific, authorize reason, such as to visit family or for journalistic purposes.
The Treasury Department did include a “grandfathering” provision in the policy change, which would allow consumers who had completed at least one travel-related transaction prior to Jun 5, such as purchasing a flight, to still go on their trip. That provision did not extend to cruise lines.
https://www.marketwatch.com/story/trump-administration-bans-cruises-from-traveling-to-cuba-leaving-passengers-high-and-dry-2019-06-05
NextEra Energy Chair/Pres/CEO sold $3.07m in shares-June 6
NextEra Energy, Inc. (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets. Its segments include FPL and NEER. Florida Power & Light Company (FPL) is a rate-regulated electric utility engaged primarily in the generation, transmission, distribution and sale of electric energy in Florida. NEER is a diversified clean energy company with a business strategy that emphasizes the development, acquisition and operation of long-term contracted assets with a focus on renewable projects. NEER owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
https://www.marketscreener.com/NEXTERA-ENERGY-INC-6337180/company/
https://www.secform4.com/insider-trading/753308.htm
to go with these. This is how they do it.
not for you fren…you already know
o7
Who/What are Primary Dealers?
Primary dealers are banks and securities broker-dealers that trade in U.S. Government securities with the Federal Reserve Bank of New York (FRBNY). On behalf of the Federal Reserve System, the FRBNY Open Market Desk engages in the trades in order to implement monetary policy. The purchase of Government securities in the secondary market by the Open Market Desk adds reserves to the banking system; the sale of securities drains reserves.
The primary dealer system was established by the FRBNY in 1960 and began with 18 primary dealers. In 1988, the number of dealers grew to a peak of 46. As of November 2016 there were 23 primary dealers. The most important reason for the decreasing number of dealers is consolidation, as Government securities trading firms have merged or refocused their core lines of business.
https://www.treasury.gov/resource-center/data-chart-center/quarterly-refunding/Pages/primary-dealers.aspx
Repurchase Agreement (Repo)
What Is a Repurchase Agreement?
A repurchase agreement (repo) is a form of short-term borrowing for dealers in government securities. In the case of a repo, a dealer sells government securities to investors, usually on an overnight basis, and buys them back the following day.
For the party selling the security and agreeing to repurchase it in the future, it is a repo; for the party on the other end of the transaction, buying the security and agreeing to sell in the future, it is a reverse repurchase agreement.
Repos are typically used to raise short-term capital.
Understanding Repurchase Agreement (REPO)
Repurchase agreements are generally considered safe investments because the security in question functions as collateral, which is why most agreements involve U.S. Treasury bonds. Classified as a money-market instrument, a repurchase agreement functions in effect as a short-term, collateral-backed, interest-bearing loan. The buyer acts as a short-term lender, while the seller acts as a short-term borrower. The securities being sold are the collateral. Thus the goals of both parties, secured funding and liquidity, are met.
Repurchase agreements can take place between a variety of parties. The Federal Reserve enters into repurchase agreements to regulate the money supply and bank reserves. Individuals normally use these agreements to finance the purchase of debt securities or other investments. Repurchase agreements are strictly short-term investments, and their maturity period is called the "rate," the "term" or the "tenor."
Despite the similarities to collateralized loans, repos are actual purchases. However, since the buyer only has temporary ownership of the security, these agreements are often treated as loans for tax and accounting purposes. In the case of bankruptcy, in most cases repo investors can sell their collateral. This is another distinction between repo and collateralized loans; in the case of most collateralized loans, bankrupt investors would be subject to an automatic stay.
moar at the link provided.
https://www.investopedia.com/terms/r/repurchaseagreement.asp
this is a good site to learn moar as well
from 2014
Banks Withdrawing from Repo Market
The Wall Street Journal reports that banks have become much less active participants in the repo market, which is a critical source of short-term liquidity for big investors.
Repo was a major focus of concern during the crisis. The Fed halted a run on the repo market when it provided guarantees to money market funds in September 2008 after the Reserve Fund “broke the buck,” leading customers to pull funds out of other money market funds.
For newbies, large investors use repo rather than park funds with banks. Deposits are guaranteed only up to $250,000 per account, and even though there are services that will break up deposits and distribute them among small banks, those can handle wealthy individuals, not major institutional players.
With “repo,” which is short for “sale with agreement to repurchase,” an investor with securities can turn them into cash on a short-term basis by selling them (say overnight or for a week) with the said agreement to buy them back at a higher price, which amounts to getting a short-term loan, with the bonds pledged as collateral. The reason this arrangements appeals to lenders like money market funds is that they see the loan with collateral (a high quality bond, ideally Treasuries) as more secure than an deposit at a bank in excess of the guaranteed level. The graphic from the Wall Street Journal gives a simplified idea of how this arrangement normally works: see cap #2
https://www.nakedcapitalism.com/2014/08/banks-withdrawing-repo-market.html
finally got my hat the other day.
if they were 'released' for it after the term of the exchange then yes, but I posit they were not which is why it went linear in 2017.
no one knows for sure. Sure got smacked down right after the EO's were put in though.
ty anon, saved
>So, bitcoin proper isn't truly fungible.
don't disagree however you are making the assumption there was not an alternative plan in place to circumnavigate it.
My opinion is that the coins attached to the chain now are not worth anything, private key or not. The current system requires conversion into FIAT currency-until this is fixed I remain unconvinced. But that's why we all have the freedom to express our views.
Too many bad actors that make/made it suspect at this point. The Mt. Gox problem(s)was why I never waded into that arena. Plus the transaction times were horrible-then.
wonder if they will trace the same route as in last november.