It’s a collector’s market now for Ripple. Some rare bottles are selling for hundreds of dollars.

here is another reason to stay out of the crypto market.

https://www.jacksonhewitt.com/tax-help/tax-tips-topics/personal-finance-savings/how-is-cryptocurrency-taxed/?utm_campaign=2024_JHT2039_Cryptocurrency&utm_medium=email&utm_source=Eloqua&elq_c=4073320

Synopsys:
Your crypto transactions are likely already tracked and yes you have to treat them like a stock so every transaction better be documented and reported.

I had to google it too. "XRP is a cryptocurrency and token Ripple Labs uses to facilitate transactions on its network"

You could have just watched the video I posted two or three posts up for a cogent explanation.

Fed losses breach $100 billion as interest costs rise

NEW YORK, Sept 15 (Reuters) - Federal Reserve losses breached the $100 billion mark, central bank data released on Thursday showed, and they're likely to go a lot higher before the red ink stops.

Continue reading:
https://www.reuters.com/markets/us/fed- ... 023-09-15/

‘Unconscionable’: Baby boomers are becoming homeless at a rate ‘not seen since the Great Depression’ — here’s what’s driving this terrible trend

Many baby boomers across the country are now coming to terms with the hard reality that working for your entire adult life is no longer enough to guarantee you’ll have a roof over your head in your later years.

Continue reading:
https://finance.yahoo.com/news/unconsci ... 00310.html

yep...this is very smart

Annnnd its gone.
So it begins. Again. The next wave of bank failures….starts….now. First republic? 6b.
This wave there will be many. Heads up ladies and gentleman. The trolls will argue. And misdirect the message. But facts are, well facts.

Did you mean Republic First?

Bank failure is common; back in teh 80's it was roughly two financial institutions per week (7 days) going under. Nobody talked about it back then, because the "media" didn't report on it as much.

Now, we have barely any financial institutions failing in comparison to what many think was the greatest decade ever, and the town criers act like it's the sign of the apocalypse. Go outside, throw a baseball, life is good, open a credit union account.

Its not me im concerned for. Its the ones who think their money is safe in banks. Some will be fine. Some will get rekt

I heard this was gonna happen on a Nickleback Album…..Im convinced.

A guy with a lot of money is saying

"Speaking with CNBC on Tuesday, Sternlicht says he thinks that primary real estate lenders - community and regional banks - are about to get whacked.

"You're going to see a regional bank fail every day, or not — every week, maybe two a week," he said, adding that Fed Chair Jerome Powell's ongoing rate hikes will continue to have consequences for the real estate sector.

"He's got a hard task with a blunt tool, and the consequence is the real estate markets are taking it on the chin because rates rose so fast. We could have handled this, but we couldn't handle it this fast," he said. "The 1.9 trillion of real estate loans, that's a fragile animal right now."

https://www.zerohedge.com/economics/wat ... -economist

Way to stay on task jukk. Good job being the bridge that separates the adventurers from the trolls on such an overlooked, and concerning situation. And the trolls are many here. And they pollute the message with silly comments and questions. Deliberately. Like making a joke when their lost, to relieve the tension of the unknown outcome, although odds are the outcome is bleak. They still wont focus on the impending scenario thats en route already. But its their choice to do so