moose_is_loose

People are afraid for their economic security

I'll put my cards on the table, I think this is going to hurt anyone who gets caught up in it. Once the wave from the coming credit shock hits the economy, people will be forced to sell assets just to have liquidity. Crypto will be one of the assets that gets sold first. The cynical side of me says, this is just big fish luring in buyers so they can get out before it is impossible.

This is really brilliantly done. Like if I could rant at Jerome Powell but in documentary form.

Look into HSBC and Ping An

Possible that they've come to some sort of arrangement. Sometimes the left hand hand isn't aware of what the right hand is doing (regulators on either side of the Atlantic are unaware of what is going on across the pond.) Given the tech war, it's hard to imagine a more sensitive institution.

I doubt they'll be allowed to complete it due the tech restrictions and it's partial Chinese ownership (Ping An).

It would be a mistake to for them to underestimate how much anger there is going to be over this. Particularly given the whole socialism for me but not for thee feel the whole episode has.