(Natural News) Just about every cryptocurrency and digital “asset” is taking a nosedive following the collapse of Terra and Luna, a “stablecoin” duo that were supposed to be pegged to the U.S. dollar.
Ethereum lost 20 percent of its value in just 24 hours while Bitcoin, the original crypto, plunged by 11.24 percent. Luna, meanwhile, lost a whopping 98 percent of its value virtually overnight and is now effectively at zero.
Experts are calling it a “crypto winter” as investors’ worst fears are coming true. It turns out that even so-called stablecoins are not so stable after all, and are leaving many investors penniless.
In one day, more than $200 billion was wiped from the cryptocurrency market as a whole. And all signs point to the legacy stock market doing the exact same thing.
Amazon’s stock value has plummeted by about 30 percent in the past month, and before that, it was Netflix and Facebook. The S&P 500, the Dow, and the Nasdaq are also all down majorly since the start of the year.
“Ethereum has now lost more than half of its value this year, Bitcoin has shed a third of its value since January and Luna with 99 percent of its value wiped out in the last 48 hours with suicide hotlines pinned to the currency’s Reddit page as a result,” reported the Daily Mail (UK).
“Popular digital currency exchange Coinbase warned users could lose all of their money if the company goes bankrupt due to the crash.”
The entire financial system is on the verge of collapse
Throughout the plandemic, record low interest rates combined with prolonged lockdowns and sheer boredom drove many new investors into the markets, both for cryptos and stocks.
Just about everything was going up during that time, so a lot of cash ended up getting dumped into the system. Stablecoins, the world was told, provide safety and security in an otherwise volatile and highly unpredictable crypto environment.
Well, a few years have passed since then and there does not appear to be much stability with some of the stablecoins anymore. And now there are concerns that even Tether, the world’s largest stablecoin, is decoupling from the dollar.
This is a global financial disaster in the making. Many fully expected Wall Street to crash, which now appears to be doing, but cryptos were supposed to be the safe haven alternative to traditional financial markets.
Now, it appears as though there is no safe haven at all, except to bet against the markets and profit the whole way down.
The Nasdaq experienced its sharpest one-day decline since June 2020 right around the time that the crypto-sphere entered meltdown mode.
“The index, which features several high-profile tech companies, finished May 5 trading at $12,317.69, with shopping sites such as Etsy and eBay driving the fall,” the Daily Mail revealed.
“The two companies saw their values drop 16.8 percent and 11.7 percent, respectively, after announcing lower than expected revenue estimates.”
Elon Musk’s Tesla empire fell by 36 percent last month just as the billionaire grifter announced plans to purchase Twitter.
“The electric car manufacturer is now trading at $732 (£600), a dramatic drop from $1145.45 (£937.69) a month ago,” reports explain. “It hit an eight-month low today, briefly dropping below $700.”
Many will recall that Musk heavily pushed his Dogecoin scam, which saw a pump-and-dump last winter. Then, right before Musk was scheduled to appear on Saturday Night Live (SNL), Doge took a tumble and has never recovered.
“The fall of these stocks is fueling fears that the ‘dotcom bubble burst’ of the early 2000s could be about to repeat,” the Daily Mail reported.
More stories like this one can be found at CurrencyCrash.news.
STUDY: Testosterone Treatment Turns Democrat Voters More Conservative.
Increased testosterone levels can cause Democrats to become more conservative in their political affiliation, a recent experiment analyzing voters in U.S. elections found.
The study – Testosterone Administration Induces A Red Shift in Democrats – was published on November 14th, 2021 by Professor Paul Zak, the Director of the Center for Neuroeconomics Studies at Claremont Graduate University.
“His research has made a substantial impact in explaining the variation in human social behaviors and has been cited by other scholars over 18,000 times placing in the top 0.3% of all scholars,” explains his professional biography.
Zak’s latest findings reveal a link between testosterone levels and political preference through analyzing 136 voting-age males throughout the 2012 election season.
“Our results demonstrate that testosterone induces a “red shift” among weakly-affiliated Democrats,” summarized the paper.
Researchers administered synthetic testosterone or placebo to participants who previously disclosed their political affiliations, allowing researchers to track how the hormone affected participants’ politics.
“When weakly affiliated Democrats received additional testosterone, the strength of their party fell by 12 percent and they reported 45 percent warmer feelings towards Republican candidates for president,” explained the study.
“Before the testosterone treatment, we found that weakly affiliated Democrats had 19 percent higher basal testosterone than those who identified strongly with the party,” the study continues, reiterating the correlation between individuals with lower testoreone having left-wing political beliefs.
While the effects of testosterone waned with individuals who were staunch Democrats or weak Republicans, “our findings provide evidence that neuroactive hormones affect political preferences,” posits the study.
The study comes amidst an ongoing discussion about declining testosterone levels in the U.S. and mainstream media outlets such as The New York Times attacking Fox News host Tucker Carlson for addressing the issue in a recent documentary.
The unearthed link between hormones and political ideology also follows scientists floating “morality pills” as a method to enforce COVID-19 mandate compliance.
Elon Musk Slams Democrats As ‘Party of Division And Hate,’ Warns Of ‘Dirty Trick Campaign’
Billionaire Tesla CEO Elon Musk on Twitter Wednesday called the Democrat Party one of “division & hate” and predicted that they will conduct a “dirty tricks campaign” against him over his recent announcement that he would be voting for the Republican Party in the 2024 election.
In the tweet, Musk explained that he had typically voted for Democrats before because they were kind.
Now, Musk says the party has become one of division, hate, and dirty tricks.
“In the past, I voted Democrat, because they were (mostly) the kindness party. But they have become the party of division and hate, so I can no longer support them and will vote Republican,” Musk wrote.
In the past I voted Democrat, because they were (mostly) the kindness party.
But they have become the party of division & hate, so I can no longer support them and will vote Republican.
Now, watch their dirty tricks campaign against me unfold … 🍿
— Elon Musk (@elonmusk) May 18, 2022
Musk said that he expects the Democrats to conduct a “dirty tricks” campaign against him.
“Now, watch their dirty tricks campaign against me unfold,” he said, adding a popcorn emoji.
The tweet came shortly after Musk had said “political attacks on me will escalate dramatically in coming months” in a separate tweet.
Political attacks on me will escalate dramatically in coming months
— Elon Musk (@elonmusk) May 18, 2022
Valiant News previously reported that Musk declared that he will vote Republican at the next election, despite having always voted for Democrats in the past during a live recording of the All-In Podcast on Monday.
When Musk was asked about why he was so invested in purchasing Twitter and turning it into a private company, he argued that there was a serious need for a digital town square that is inclusive, politically balanced, and transparent about their algorithms.
“Why is one tweet doing well? Why is another tweet not?” he asked. “Is it the algorithm? Did someone manually intervene? Why are some accounts banned with no recourse apparently?” Musk continued.
Musk said that the current reality was that Twitter has a “very far-left” bias, which could not continue.
— The Post Millennial (@TPostMillennial) May 17, 2022
“I would class myself as a moderate, neither Republican nor Democrat, and in fact I have voted overwhelmingly for Democrats, overwhelmingly,” he added.
Musk’s purchase of Twitter is currently on hold, pending an investigation into the levels of fake and spambot accounts on the platform, but confirmed that he was still “committed” to buying it.
Eric Swalwell Says Aborting Your Child Is ‘Like Deciding Which Career You Want To Pursue’
Rep. Eric Swalwelll (D-CA) stated on Wednesday that the decision for a mother to abort her child is like deciding which job opportunity to pursue.
“You know, we are talking about a decision that is so personal, and one that families and individuals with their families and their friends make oftentimes at the kitchen table,” Swalwell said.
“It’s one of those few decisions in your life that will require you to consult with your friends and your family,” Swalwell continued. “It’s like deciding what career you’re going to pursue, whether you’re gonna have a family, who you’re going to marry.”
Democrat Rep. Eric Swalwell: Deciding to have an abortion is “like deciding what career you’re going to pursue” pic.twitter.com/NKj1O3bo7B
— RNC Research (@RNCResearch) May 18, 2022
Swalwell was the subject of scorn on social media this week after he implied a church shooter that authorities have described as a Chinese nationalist motivated by anti-Taiwanese sentiment was an agent of the GOP.
“Sorry @housegop that the parishioners hog-tied your boy,” Swalwell tweeted. “#SorryNotSorry.”
“The suspect is a man from China who the FBI has opened a hate crime investigation into because he allegedly targeted the parishioners based on their Taiwanese identity,” journalist Andy Ngo replied to Swalwell. “Given your past personal connections to a Chinese Communist spy, it’s more likely the suspect was ‘your boy.’”
The suspect is a man from China who the FBI has opened a hate crime investigation into because he allegedly targeted the parishioners based on their Taiwanese identity. Given your past personal connections to a Chinese Communist spy, it’s more likely the suspect was “your boy.”
— Andy Ngô 🏳️🌈 (@MrAndyNgo) May 16, 2022
The Supreme Court is reportedly poised to overturn the 1974 case of Roe v. Wade, enraging left-wing activists.
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