Adrian Huber

149 posts

Adrian Huber

Adrian Huber

@AdrianH84372001

mature still curious and open minded interested in travelling, nature, architecture arts and crypto

Katılım Nisan 2021
11 Takip Edilen19 Takipçiler
Adrian Huber
Adrian Huber@AdrianH84372001·
@MoonLamboio May be the chances grow over the next 10 years…. And then.. I always predicted it….😜
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Moon Lambo
Moon Lambo@MoonLamboio·
$XRP will hit a new all time high and melt faces, just FYI.
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Omid Malekan
Omid Malekan@malekanoms·
I waited a few days to post this out of respect, but I have a different take on the legacy of Charlie Munger. His passing has inspired a lot of coverage on his partnership with Warren Buffet, much of it fawning, painting the duo not just as great investors, but also good people, and thus great capitalists. I push back on the latter claim, at least in the Emmersonian sense of capitalism, where meritocracy and fair play lead to “those who do good doing well.” Munger and Buffet would have lost most of their wealth in 2008. Most people remember their role in the Great Financial Crisis as the rescuers of Goldman Sachs, making a timely investment that would net billions. But Berkshire Hathaway went into that crisis heavily exposed to imperlied companies. Names like Wells Fargo and Amex made up 40% of its portfolio, and additional exposure came from its insurance holdings. The market knew all of this and responded by cutting the value of Berkshire’s own stock in half. Things could have really spiraled for the duo—Buffet himself predicted the crash could have been worse than 1929—and that, as the saying goes, is how a capitalist cookie crumbles. In my definition of capitalism, those who live by the speculative sword can also die by it. Buffett and Munger made a lot of money on the way up but stood to lose badly on the way down. But that’s not how things work, at least not for the kind of people who have the Treasury Secretary on speed dial. The kinder interpretation of Buffett and Munger’s role in the subsequent intervention goes like this: Concerned about the impact of the deepening crisis on everyone, they reached out to their contacts in government and convinced them to “do the right thing.” There’s even a famous anecdote of a late night phone call from Warren Buffet to Hank Paulson. The powers that be responded, and the economy was saved. Here’s a different interpretation: a politically connected billionaire on the verge of losing his shirt called a government official—one who used to be the CEO of the company he now owned a chunk of—and convinced him to use taxpayer funds to prop up the stock market, particularly his stocks. The facts of what happened aren’t in dispute, Secretary Paulson rallied other policymakers into investing hundreds of billions of dollars into companies like Goldman, Wells Fargo, and American Express. Small businesses and individuals who were also in distress got nothing. History now views the bailouts as the correct course of action, but history is written by the winners. As if to remind everyone of this, Munger would later go on an epic rant, telling ordinary people that they should be grateful for the bailouts, but also against government handouts. Handouts are for the losers. Campaigning directly for policymakers to intervene wasn’t Warren Buffett’s only contribution to the government response. He also went on CNBC after making the Goldman deal—but before congress decided to bail out the banks—and said “If I didn't think the government was going to act, I would not be doing anything this week. I might be trying to undo things this week.” Buffett and Munger are two of the most studied investors in history. Book stores used to have entire sections dedicated to them. When people like that threaten to start “undoing things” politicians listen. A skeptic might argue that everyone would have suffered if the invisible hand of capitalism had not been checked by Washington. I agree. But there are different kinds of rescues, some meant for shareholders and executives, others for savers and homeowners. Two years after the crisis, unemployment still hovered around 10% and America suffered a record number of foreclosures. Wall Street enjoyed record revenues and paid out record compensation. Part of my frustration over all of this is personal. I knew people who had fallen on hard times back then and were struggling to keep up with their mortgage payments. Exhausted by endless harassment from collection agents, they decided to call a government hotline for struggling homeowners. To their dismay, the agent who picked up was an employee of their bank. The reconciliation offer that she made barely moved the needle. Their bank? Wells Fargo, the beloved Berkshire holding that got $25b in direct bailout money and another $25b in special tax break the year before. The same bank that would soon be caught laundering money for Mexican drug cartels, then be embroiled in a historic fake account scandal. Buffett and Munger were among its biggest shareholders the entire time. Fifteen years later, the legacy of that period lives on in our politics. Both the progressive Occupy Wall Street movement and the conservative Tea Party movement began as a response to the bailouts, and perhaps the only thing the populist right and woke left agree on is the fact that the economy is rigged. The two most distrusted institutions in America are Congress and banking. Charlie Munger was a vocal critic of crypto, a different kind of financial system that people like me believe will someday replace the legacy financial system and all its baggage. He paid Bitcoin a surprising amount of attention and used a lot of four-letter words to describe it—sometimes in the same interview where he boasted about his beloved Wells Fargo. The more generous interpretation of his disdain is that he didn’t understand crypto or its disruptive potential. Here’s a different interpretation: he understood it all too well.
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Mr. Huber🔥🦅🔥
Mr. Huber🔥🦅🔥@Leerzeit·
Charles Gasparino is a moron. But he is my moron!
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Adrian Huber
Adrian Huber@AdrianH84372001·
@Leerzeit @Swissquote Oh yes unfortunately I am stuck with them and wonder that they treat eth different despite……..!!!
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WallStreetBulls
WallStreetBulls@w_thejazz·
🚨‼️📢IMPORTANT ALERT: XRP PRICE IS GOING BACK TO .50 cents … GET READY
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Adrian Huber
Adrian Huber@AdrianH84372001·
@OccupyDemocrats he could have also answered that Women's rights to make their own desicions is much more important than my age... but mega and fox people would not be able to understand as always the real issues
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Occupy Democrats
Occupy Democrats@OccupyDemocrats·
BREAKING: President Biden totally destroys hack Fox News reporter Peter Doocy for trying to nail him with a gotcha question and unleashes cold hard facts on him. This is EXACTLY how you combat Fox's avalanche of lies.... "President Biden, why do you think it is in this election season that voters—" began Doocy. "Why do you think it is I always take your questions?" interjected Biden playfully, putting his hand on Doocy's shoulder. "It's a good one, I've got two good ones," responded a slightly flustered Doocy. "Why do you think it is that people should be more concerned about abortion access than your age?" "I don't think it's a comparable comparison," Biden responded to the inane, loaded question. "Why do you think it is that you're trailing Trump in all these swings state polls?" asked Doocy. "Because you don't read the polls!" said Biden. "There are ten polls. Eight of them I'm beating him in those states. Eight of them. You guys only do two. CNN and New York Times. Check it out. Check it out!" "We'll get you a copy of all of those polls," Biden added. This is exactly how you deal with Fox News and its relentless propaganda. Their lies never stand up in the face of scrutiny. Call them out and move on. Please retweet and ❤️ if you are proudly voting for Joe Biden in 2024 — and consider joining the growing exodus to Tribel, a new pro-democracy social network that is exploding in popularity because Twitter and Facebook are trying to stop its growth — which is only making Tribel grow even faster. Please follow us on Tribel to get all of our breaking news alerts sent straight to your phone or computer by clicking the following link: tribel.app.link/okwPIHYCIqb
Occupy Democrats tweet media
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Mr. Huber🔥🦅🔥
Mr. Huber🔥🦅🔥@Leerzeit·
You can't buy a product if you don't know what it is. If you buy a product without knowing how it will turn out or what it will be exactly, then you are not buying the product but investing in the building of it.
Mr. Huber🔥🦅🔥 tweet media
steven sprague@skswave

@Leerzeit @Ripple This is not an investment contract it is a software license purchase agreement

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John E Deaton
John E Deaton@JohnEDeaton1·
“This is a clear statement from a federal agency that the SEC broke the law.” Ever since the @Ripple lawsuit, the @SECGov has consistently NOT followed the law. A federal judge literally stated that the SEC’s enforcement lawyers, and the leadership they report to, are not only hypocrites, but they also “lack a faithful allegiance to the law.” It was an incredible statement for a federal judge to make. I was shocked at the little attention MSM paid to such a shocking statement. Here’s what I can say with great conviction: Today, the SEC does more to hurt investors than it does to protect investors. It has become both an inept and corrupt organization. Full stop.
Jake Chervinsky@jchervinsky

This is huge. The GAO reviewed SAB 121, an illogical anti-crypto accounting bulletin issued by the SEC last March, and found that it's a "rule" under the CRA and APA. The SEC didn't comply with either. This is a clear statement from a federal agency that the SEC broke the law.

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Mr. Huber🔥🦅🔥
Mr. Huber🔥🦅🔥@Leerzeit·
It's inevitable 🤷🏻‍♂️
Mr. Huber🔥🦅🔥 tweet media
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Adrian Huber
Adrian Huber@AdrianH84372001·
@Leerzeit i think while he is writing everything in front of a mirror to know what he should be writing. His reaction just proves that you hit him on the right spot.
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Brian Krassenstein
Brian Krassenstein@krassenstein·
Robert De Niro’s full statement on Trump. Please read and let me know your thoughts: I’ve spent a lot of time studying bad men.  I’ve examined their characteristics, their mannerisms, the utter banality of their cruelty. Yet there’s something different about Donald Trump. When I look at him, I don’t see a bad man. Truly. I see an evil one. Over the years, I’ve met gangsters here and there. This guy tries to be one, but he can’t quite pull it off. There’s such a thing as “honor among thieves.” Yes, even criminals usually have a sense of right and wrong.  Whether they do the right thing or not is a different story — but — they have a moral code, however warped. Donald Trump does not. He’s a wannabe tough guy with no morals or ethics. No sense of right or wrong. No regard for anyone but himself — not the people he was supposed to lead and protect, not the people he does business with, not the people who follow him, blindly and loyally, not even the people who consider themselves his “friends.” He has contempt for all of them. We New Yorkers got to know him over the years that he poisoned the atmosphere and littered our city with monuments to his ego.  We knew first hand that this was someone who should never be considered for leadership.  We tried to warn the world in 2016. The repercussions of his turbulent presidency divided America and rattled New York City beyond imagination.  Remember how we were jolted by crisis in early 2020, as a virus swept the world. We lived with Donald Trump’s bombastic behavior every day on the national stage, and we suffered as we saw our neighbors piling up in body bags. The man who was supposed to protect this country put it in peril, because of his recklessness and impulsiveness. It was like an abusive father ruling the family by fear and violent behavior.  That was the consequence of New York’s warning getting ignored. Next time, we know it will be worse. Make no mistake: the twice-impeached, 4-time indicted Donald Trump is still a fool. But we can’t let our fellow Americans write him off like one. Evil thrives in the shadow of dismissive mockery, which is why we must take the danger of Donald Trump very seriously. So today we issue another warning. From this place where Abraham Lincoln spoke — right here in the beating heart of New York — to the rest of America: This is our last chance. Democracy won’t survive the return of a wannabe dictator. And it won’t overcome evil if we are divided. So what do we do about it?  I know I’m preaching to the choir here.  What we’re doing today is valuable, but we have to take today into tomorrow – take it outside these walls.   We have to reach out to the half of our country who have ignored the hazards of Trump and, for whatever reason, support elevating him back into the White House.  They’re not stupid, and we must not condemn them for making a stupid choice.  Our future doesn’t just depend on us. It depends on them. Let’s reach out to Trump’s followers with respect.  Let’s not talk about “democracy.”  “Democracy” may be our holy grail, but to others it is just a word, a concept, and in their embrace of Trump, they’ve already turned their backs on it.  Let’s talk about right and wrong.  Let’s talk about humanity.  Let’s talk about kindness.  Security for our world.  Safety for our families.  Decency.  Let’s welcome them back.  We won’t get them all, but we can get enough to end the nightmare of Trump, and fulfill the mission of this “Stop Trump Summit.”
Brian Krassenstein tweet media
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Mr. Huber🔥🦅🔥
Mr. Huber🔥🦅🔥@Leerzeit·
He learned it from the big boys. In the US this is actually considered a patriotic act. But remember to always delete the excel file containing your bribe accounting.
Mr. Huber🔥🦅🔥 tweet media
⚯ Michel de Cryptadamus ⚯@Cryptadamist

🧵1/Ω Things I Learned From Caroline Ellison's Testimony That CoinDesk Has Declined to Mention, a Thread: 1. The billion dollars that SBF had to bribe Chinese officials to give back was held on Huobi and OKX.

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Adrian Huber
Adrian Huber@AdrianH84372001·
@Belisarius2020 I can't help myself but the past few years have mostly shown to me that good news have resulted after short gains in lower prices thereafter what a logic! security or not 😅
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Digital Asset Investor
Digital Asset Investor@digitalassetbuy·
Pragma New York 9/29 WOW There is so much in this clip. Lubin even addresses @ripple WOW WOW WOW WOW. This is almost like the bad guy finally reveals himself. WOW WOW WOW.🍿👀🍿👀🍿👀🍿👀🍿👀What in the hell is going on???? @StevenNerayoff @JohnEDeaton1
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