When I warned about chokepoint a month ago, I didn’t think in a million years that they would go 100x further and actually take down the top 3 crypto-facing banks. It’s breathtaking. And this wasn’t an accident. It was a demolition https://t.co/HacUQfUWWF
— nic carter (@nic__carter) March 13, 2023
A government inspector shows up. The property needs major updates or it will have to be condemned. The property owner cannot afford to get the property up to code. And the inhabitants must move and be relocated for their own safety.
This is the way the government works.
The government sets up broad rules and regulations — selectively enforces them — and creates a situation where the outcome they need is achieved. They skirt direct accountability and public ire but achieve the action needed.
Market conditions are the set-up
As market conditions begin to tighten, businesses that are discretionary and speculative suffer
Keep reading this article on Cointelegraph.com.