- The Daily Ninja
- Posts
- The Financial Wars Have Begun
The Financial Wars Have Begun
Trezor Stops Supporting A Promising Project, Chase Locked Up My Funds, Blackrock Has Started The Financial Wars and More Updates on X...
The Daily Ninja 10/9/24
๐ Digibite's decentralized nature, lack of ICO or pre-mined coins, and volunteer-driven development make it one of the most secure and resistant blockchains against 51% attacks or hacks.
๐ With 15-second block times (40x faster than Bitcoin) and five cryptographic algorithms, Digibite enables 4x more transactions per second with very small fees and real-time difficulty adjustment.
๐ป Digibite allows secure mining on any device using five different algorithms, making cryptocurrency mining accessible to average users without requiring expensive ASIC equipment.
๐ก๏ธ The blockchain's ability to create immutable records positions Digibite as a potential solution for securing data and preventing deep fakes or information manipulation.
๐ซ Trezor, a major hardware wallet provider, has discontinued support for Digibite and plans to delist it, potentially due to pressure from government entities.
๐ฆ Chase Bank's fraud protection can mistakenly lock up accounts, even for business owners with substantial funds, highlighting the importance of having multiple bank accounts at different institutions to maintain access to funds.
๐ฐ To protect against potential banking crises, diversify accounts up to FDIC insurance limits of $250,000 per person or $500,000 per couple at different banks.
๐ฎ The Economic Ninja predicts a massive banking crisis similar to 2008 is imminent in 2025, especially after the upcoming election, advising viewers to prepare by diversifying their banking.
๐ณ Using credit cards instead of debit cards offers better fraud protection, as credit card companies can more easily fix fraudulent charges.
๐ซ Viewers are warned about scammers impersonating the Economic Ninja, emphasizing that he will never ask for money or invest on behalf of others.
๐ฆ BlackRock, the world's largest asset manager, is secretly preparing for a potential US dollar collapse by launching a fund to back a new stablecoin created by Ethanol Labs, which will be backed by BlackRock's tokenized assets.
๐ฐ Gold and silver prices have surged nearly 30% this year, outperforming equities and bonds, as inflation rises and investors seek safe haven investments.
๐ Mortgage rates are increasing despite Fed rate cuts, with the 30-year rate spiking 25 basis points last Friday, while banks tighten lending rules and FHA delinquencies rise.
๐ฒ Lumber and meat processing companies are allegedly colluding to artificially inflate prices, causing builders to lose money on unsold homes, according to McDonald's lawsuit against Tyson Foods and others.
๐ผ The current economic situation is compared to the Great Depression, with rising unemployment and foreclosures, though during the Great Depression, three out of four people still had jobs.
Here are some of my most recent updates:
Go out and crush it!
The Ninja is OUT!