Big Crypto Clubbed Small Dog Barks Loud

 

Big Crypto, aka BTC and ETH took a clubbing last night, but not so much $DOGE, the world's popular and affordable electronic currency. That's only rising, and then some. Here's Zero on the reason for the furry little fella soaring into orbit:

 

But, while the major coins are suffering, the retail-frenzied 'GameStop effect' now seems to be spilling over to digital assets like Dogecoin and Ripple through r/Wallstreetbets’ crypto wing, r/Satoshistreetbets. Jay Hao, CEO of crypto exchange OKEx, told Cointelegraph that there is a deeper cause driving this current phenomenon:

“There is a great sense of injustice about some of the opaque practices of Wall Street and the unfair distribution of wealth. I believe that more and more of society is beginning to wake up to this fact particularly with the K-shape recovery that we are seeing in which high-net-worth individuals have increased their wealth during the pandemic. With more platforms allowing retail investors direct access to invest in equities, we are seeing a democratization of the investment space and more power in the hands of the people.”

Ben Zhou, CEO of cryptocurrency exchange Bybit, told Cointelegraph:

“The recent feats of r/wallstreetbets have made social media and Reddit users realize how powerful a force a decentralized online community can be when they put their mind to it. The ongoing legal troubles of XRP’s parent company Ripple Labs have rinsed out much of the shorts and made the gambit easier to execute, while the jocular nature of DOGE means it’s likable and easy to root for — thus in both cases there was not an immediate selling power to counter the pump.”

And combined with Elon Musk's recent "meme"-ing efforts, that has sent DogeCoin ripping higher...

Higher? Better believe it, with $DOGE hedgefighting against sell resistance in the .070s. My prediction, not that it's worth anything because I'm not a financial advisor and lost all my guns in a boating accident, is that this puppy's set  to run and play. It's left the runway and starting to fly. Moving on?

Buy dips, hold. Don't sell. That's the spirit of the age.

Your Friend,

LSP

Hippies Are Rubbish - A Cautionary Tale

 

Hippies start off well with love, peace and save the planet. Good call, who wants hate, war and a ruined ecosystem. Then they hold a festival, aka freak fayre, and throw all their trash around, wrecking the park. Not so green, but some of them are politicals. Here's a quick real world example, from long ago 'Nam, Cheltenham:

Bullsh*t Nige: "I ain't part of no system!"

LSP: "But Nige, don't you collect a giro? (welfare)"

Nige: "I does."

LSP: "That makes you part of the system, right?"

Nige: "Errrrr... But I got a workshop outside Swindon!"

LSP: "What?"

Nige: "Makes howitzers, nuclear howitzers! And a UFO."

To be fair, Nige wasn't so much a hippy as a lower order biker who lived with Big Frank, a prospect, at the time, for the Wolves Outlaws, or "Wolfies." A friend, PA, said one morning as we srolled through the Regency streets of England's premier spa town, "Imagine. Nige wakes up, 'Frank! I can't tie my boots!' Wheels turn, 'Fkn eat them then!'" I had to laugh.

Well, PA went blue not long afterwards, followed by FT, S, K, SB and others. What a waste of young life! I rebelled, joined the army, left the Glorious Glucesters and became a padre. So there you have it. 

I hope Nige is lording it over copious pints somewhere in 'Nam right now, when not gunning his hog past Imperial Gardens. And yes, hippies are and produce rubbish. They don't wash, either. Just stating the obvious.

Cheers,

LSP

****

BONUS LIVE HIPPY INFOVIDEO

Buy Low Sell High

 

$DOGE had a bullish day hitting .038 with a promise of .04 before falling back to a sturdy .037 and then rising after hours back to .038. Unlike XRP which pumped and dumped 50% over the last two days. By contrast, everyone's favorite dog-faced crypto held its own and then some. Have a look:

Here's the longer picture, before the adorable Shiba  gained in value, again.

Look at that chart. It says standing on the runway ready for take off and 8 million WSB autists look favorably upon this dog. Do the math. So convinced by fundamentals and market sentiment I bought MOAR $DOGE. Look, Blue's trust fund isn't going to build itself. 

Let's see how this play works out, and I tell you, I'm holding, diamond, to the Moon.

Your Pal,

LSP

*****

BONUS TRACK

Note Doge at 203:

Space Rock - Seven by Seven

 

Just for kix. Rock on,

LSP

The Peasants Are Stonking

 

How dare they! Unruly serfs launched a massive bull raid on shorted stock today, and value skyrocketed as Hedgefund millionaire socialists scrambled to cover their positions. KABOOM. Gamestop, GME, went from a trifling 17 bucks a share to $292 at the sound of the bell today.

So what? So a lot, because elite billionaires gambled a lot of money on rubbish companies like GME going down in value. Borrow those shares at their stupidly low price, sell them, knowing in your fiscal genius that they'll decline in value, buy them back, return them to the lender and pocket the difference. 

There it is, going short, and how very awesome, let's make money out of failing businesses. Iniquitous, eh?  All hail our asset-stripping overlords. But not so fast.

What if people piled into GME and stocks like it, and drove the price up? You know, like Blackberry, Blockbuster, microcaps and on. Then all of a sudden the genius shorters have to make good on their deal and buy those shares back at massive loss. Welcome to margin calls and utter disaster.

No wonder the /rwallstreetbets Discord server was taken down this evening. But lo and behold, the portal's up again and it looks like the djinn's outta the bottle. Let's see what tomorrow brings. 

That in mind, here at the Compound we have a simple and hopefully compelling message to retail investors. Hold the Line.

Or Stick it to the Man,

LSP

Battle Flag

 

Here's my Uncle at Eton, sometime in the '60s. I post this because: 1. It's awesome and 2. It's awesome. 

That said, he was a Democrat, the party of the Old South and States Rights, of the Republic, and he flew the flag. Respect. Would he do that today or would he be holding up the Rainbow Ensign, the battle flag of the new Democrat Party?

Libs say he would and I turn to them and reply, "You're utterly deluded, if not driven insane by Satan, which you probably are." They gnash their teeth and stomp away. Sometimes they begin to moan and shout.

Floreat,

LSP

Follow The Science

Are you old enough to remember the catchy if smug election slogan follow the science? Here at the Compound we're all about science and discovered some startling scientific facts.

This is a woman. Science.

And this is an honest politician. Go on, ask Science.

Look, this isn't a baby. Thanks, Science.

And hey, here's a free and fair election, with no cheating, courtesy Science.

Compelling, eh? Check out this science.

Good old Science,

LSP

The Time Has Come For You To Choose

 

What's it to be, kleptocrat korporate kommies or drain the swamp MAGA? Your call, punters.

What can we say? Time has come for you to choose, better get it right.

Love,

LSP

And They're Back! Stand Firm

No, not the legendary space rock outfit Hawkwind, but Stand Firm in Faith. Good work, kids, back better and more compelling than ever before.

Well done, Team, more is more.

Space is Deep,

LSP

SPACE ROCK

We love Space Rock at the Compound, and hope you do too. Asgardia, uplifting in a high orbit Rhodesian kind of way. But of course Space is Deep, right?

Ad Astra,

LSP

Moonscape

Thanks for the photo, LL. Advance to contact?

Your Pal,

LSP

Lawyers Guns And Money

All I've been doing since Sunday is talking to lawyers and bankers. Why? Because a couple of local libs figured they could take a lot of cash out of one of our frozen bank accounts. You know, just take it, and then what, hole up on the Brazos, like no one would notice?

Their malfeasance, literal skulduggery and mutiny is back under control and calm, and cash, is back where it should be.

Libs, don't even think of trying it on again. 

Your Buddy,

LSP

Spirit Of The Age

Well, well. Your android replica's playing up again but hey, Spirit of the Age.

Your Old Friend,

LSP

Warrior Interlude

Greek Legion Forever,

LSP

Europe And The Faith And Brexit

Hillaire Belloc famously wrote that "Europe is the Faith." He had a point, the ethics, philosophy and culture of Europe, its way of life, was shaped by Christianity. 

Enter the European Union, the continent's bold postwar attempt to reinvent itself as a pan-national superstate governed by... what? Certainly not Belloc's Faith, there's no mention, for example, of Christianity much less Catholicism in the EU Constitution.

Instead we find a utopian vision of unprecedented personal freedom seen in terms of radical autonomy, of Crowley's do what thou wilt shall be the whole of the law. The fulfillment, if you like, of the liberal project which takes the Enlightenment as its start line only to be ruled over, ironically enough, by unelected bureaucrats in Brussels.

No. 10

Of course there's no room for God in the above equation, how could there be? How dare a so-called deity set limits on my self-expression? And so we find ourselves faced with "bake the cake or go to jail" in the US or "better get trans or lose your job" in the UK. Tolerance, it seems, is a one way street and the Paris Statement makes the point. Read it here.

The UK voted against this, whether deliberately or not. It said no to the secularist, antichrist, false Europe and yes to national sovereignty. Will England realize this in a return to the Faith?

Archbishop of Canterbury Justin Welby

Probably not if the Church of England has anything to do with it; you see, they took the wrong step years ago. Let's pray something will fill the vacuum other than Islam.

Your Pal,

LSP 

Come Back Weather Underground All Is Forgiven

The national convention of the Democratic Socialists of America 🤷‍♂️ pic.twitter.com/ozsqlkJG8Y

— Amir Sariaslan (@AmirSariaslan) August 4, 2019

Have you been following the Democratic Socialists of America? Come back, Weather Underground, all is forgiven. In the meanwhile there's Beto. He wants to be President of the most powerful country in the world, ever. But he's a furry.

More on this later.

Bombs in the cellar,

LSP

Turn Of The Screw

Turn of the screw, as in Epstein starts giving up Clinton state secrets and Comey sings under that good old Horowitz method? We wish, but no, it was all about driving to Waco to get staples out and x-rays on the hip to make sure everything was Trump Train according to plan.

Apparently it was, "Nothing crazy down there," observed an attractive radiologist before sending me upstairs to the staple shop. I grinned back, she was reassuring, and headed out to the next date with destiny.

A bored staple mechanic asked me to "stand over there," so I hopped over to a naugahyde examining couch and stood there, wondering what to do. "Look, I can't take them out if your shorts are in the way." I sorted that out, she set to with a handy pair of pliers and out they popped.

Then another medical professional swung by and gave me the run down. Nothing crazy down there, just three enormous screws holding my bone together. Start putting weight on the leg, exercise the muscles but listen to your body and sure, you can ride again if you're stupid. Do the screws go away? "No, you've bought them, they're yours."

I liked her for that and cleverly didn't say, "Yes, Ma'am, but aren't they a gift from Baylor to the Church?" And that was that. The Recruit wheeled me out of there and taxied us back to the Compound. 

And no, we didn't stop at Waco's fabled Silos. Why? Because they're overpriced rubbish. On a different and happier theme, the youngster ships out to Benning late August.

And that was troublesome to me, hurry up Army! But it's turned out for the best, as it goes. 

Stand firm against Satan's New World Order,

LSP

Musical Interlude

Heh. Typical. Rock on boys, even though you're pushing, ahem, 60.

Uplifting, right?

Your Old Friend,

LSP

Upside Down

The Russia probe's at an end, no indictments apparently. It has to hurt to be MSNBC. Don't say Maddow.

Your Pal,

LSP

Behold The Grinning Satans

Check out these satans grinning it up as they sign their baby killing law into effect in New York. Just one of some 13 other states getting ready to advocate murdering a baby at the point of birth.

All in the name of what? Freedom, of course, the freedom to be absolute No Gods No Masters in control of yourself and your baby, which you've just murdered. Well you can't get much freer than that; state sanction to kill your kids and throw off the tyranny of biology. 

Go on then, break the chains of oppression, wimmyn, but what will you say when the child you've killed looks you in the face in the timeless instant of eternity? Bad second of forever, but take heart.

Remember the repentant thief and throw the first stone, then go away and sin no more.

Sermon aside, what's with the Dems boosting full Moloch all of a sudden. Is this strategy or Satan overplaying his hand? Serious question.

Your friend,

LSP