OWH Memorial Undead Topic

People who put their retirement savings into it are suicidal now. But did they really think they were so much more clever than everyone else?

 

I feel for them, because they fell for the story that this was new and the future and that most people didn't understand it. They were made to feel special because they were 'in the know', like any other cult. And Matt Damon was promoting it, how can it be bad?

Also, a byproduct of the human fascination with money. I hate money and everything it makes people do.

 

Damn.

 

155 year old Lincoln College closed forever after ransomware attack. COVID also hit them hard, but the ransomware basically put them under.

I have first hand knowledge of the damage this shit causes. Gird your network, all of you. Air gap our backups and test them to make sure they are usable after a loss.

 

Pretty funny.

I don’t see the FED having the appetite to take it that far but I think they’re hoping they can get assets back to pre pandemic levels before they break something.

Then the money printers will be rolling again.

 

Could be worse.

 

I don't think they can, and they know they can't. They've kicked this can down the road as far as they can.

 

One thing at a time. Cool it down and let the market correct.

 

I just have no confidence that they can thread the needle and pull off the soft landing.

 

fed talking about wage inflation is definitely disconcerting that they will go overboard. Finally have real wage growth in this country and that’s a bad thing?

 

Birds are made of magnets, duh.

 

Oh, there's not going to be a soft landing. This is going to crash and burn. I hope we are all ready for it.

 

I wonder how all this crypto and nft stuff going belly up affects things? Billions in "assets" going up in smoke.

 

Don’t have enough funding to hire more vet techs as the ones we have are underpaid and get run ragged, so what’s the solution? Expand the dean’s executive suite and hire some more associate deans! Also remodel the reception area for the 3rd time in 10 years! Is there something in the water higher ed leadership drinks?

 

It isn't just higher ed, it is all big companies. I worked at Travelers for two years, and it is no different there than anywhere else.

 

Can someone explain something to me: I assume this money doesn't just "evaporate", but has been transferred to someone else, more concentrated. Someone has 1 bit coin that she bought for $1000 and sells broken pieces of it to 10 other people for $1000 each piece, so she makes $10,000 dollars. Then bitcoin goes to $1 a whole coin, so those people that bought it for $1000 now have a .10 coin.

So the money is still there, just more concentrated. Is that right? Every time I try to understand economics, the more I think it is all just a big hoax.

 

Brings inflation down. It went up because of the Fed and is coming down because of the Fed

 

Economics aren't a hoax, but fiat money is a hoax

 

yes. Crack. You guys wouldn’t believe what I just went thru with a startup surgical company and decisions by the 3 amigos. Common sense and a little industry knowledge could have saved them 10 million/month since April 2021. What do you do as soon as you get fda approval? You of course hire 5 VPs at 200k/yr, and 15 reps at $135k a year with free health insurance, with no GPO contracts, no training, no market competition research, while unable to get in the door of 95% of the hospitals out there, which are bound by GPO/Idn agreements which may not come up for bidding for 2 years.