Using Veritas to Construct the "Per…

29-04-2017 Hits:82213 BoomBustBlog Reggie Middleton

Using Veritas to Construct the "Perfect" Digital Investment Portfolio" & How to Value "Hard to Value" tokens, Pt 1

The golden grail of investing is to find that investable asset that provides the greatest reward with the least risk. Alas, despite how commonsensical that precept seems to be, many...

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The Veritas 2017 Token Offering Summary …

15-04-2017 Hits:77822 BoomBustBlog Reggie Middleton

The Veritas 2017 Token Offering Summary Available For Download and Sharing

The Veritas Offering Summary is now available for download, which packs all the information about Veritas in a single page. A step by step guide to purchasing Veritas can be downloaded here.

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What Happens When the Fund Fee Fight Hit…

10-04-2017 Hits:77395 BoomBustBlog Reggie Middleton

What Happens When the Fund Fee Fight Hits the Blockchain

A hedge fund recently made news by securitizing its LP units as Ethereum-based tokens and selling them as tradeable (thereby liquid) assets. This brings technology to the VC industry that...

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Veritaseum: The ICO That's Ushering in t…

07-04-2017 Hits:82135 BoomBustBlog Reggie Middleton

Veritaseum: The ICO That's Ushering in the Era of P2P Capital Markets

Veritaseum is in the process of building peer-to-peer capital markets that enable financial and value market participants to deal directly with each other on a counterparty risk-free basis in lieu...

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This Is Ground Zero for the 2017 Veritas…

03-04-2017 Hits:78729 BoomBustBlog Reggie Middleton

This Is Ground Zero for the 2017 Veritas Offering. Are You Ready to Get Your Key to the P2P Capital Markets?

This is the link to the Veritas Crowdsale landing page. Here is where you will be able to buy the Veritas ICO when it is launched in mid-April. Below, please...

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What is the Value Proposition For Verita…

01-04-2017 Hits:81017 BoomBustBlog Reggie Middleton

What is the Value Proposition For Veritas, Veritaseum's Software Token?

 A YouTube commenter asked a very good question that we will like to take some time to answer. The question was, verbatim: I've watched your video and gone through the slides. The exchange...

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This Real Estate Bubble, Like Some Relat…

28-03-2017 Hits:47899 BoomBustBlog Reggie Middleton

This Real Estate Bubble, Like Some Relationships, Is Complicated...

CNBC reports US home prices rise 5.9 percent to 31-month high in January according to S&P CoreLogic Case-Shiller. This puts the 20 city index close to an all time high, including...

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Bloomberg Chimes In With My Warnings As …

28-03-2017 Hits:79729 BoomBustBlog Reggie Middleton

Bloomberg Chimes In With My Warnings As Landlords Offer First Time Ever Concessions to Retail Renters

Over the last quarter I've been warning about the significant weakness in retailers and the retail real estate that most occupy (links supplied below). Now, Bloomberg reports: Manhattan Landlords Are Offering...

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Our Apple Analysis This Week - This Comp…

27-03-2017 Hits:79245 BoomBustBlog Reggie Middleton

Our Apple Analysis This Week - This Company Is Not What Most Think It IS

We will releasing our Apple forensic analysis and valuation this week for subscribers (click here to subscribe - lowest tier is the same as a Netflix subscription). As can be...

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The Country's First Newly Elected Lame D…

27-03-2017 Hits:79799 BoomBustBlog Reggie Middleton

The Country's First Newly Elected Lame Duck President Will Cause Massive Reversal Of Speculative Gains

Note: Subscribers should reference  the paywall material here for stocks that should give a good risk/reward scenario for bearish trades. The Trump administration's legislative outlook is effectively a political desert, with...

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Sears Finally Throws In The Towel Exactl…

22-03-2017 Hits:84802 BoomBustBlog Reggie Middleton

Sears Finally Throws In The Towel Exactly When I Predicted "has ‘substantial doubt’ about its future"

My prediction of Sears collapsing once interest rates started ticking upwards was absolutely on point.

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The Transformation of Television in Amer…

21-03-2017 Hits:81733 BoomBustBlog Reggie Middleton

The Transformation of Television in America and Worldwide

TV has changed more in the past 10 years than it has since it's inception nearly 100 years ago This change is profound, and the primary benefactors look and act...

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Below is a transcript of the letter to Paulson from the ABA, and the red font is Paulson’s unofficial reply (this is a joke)…

 

Our bankers are, understandably, very upset by the action. Among the critical questions raised by today’s announcement are the following:

1.     While the action is temporary, how will you address the perception by the market that money market mutual funds now have a permanent implicit government guaranty - much like Fannie Mae and Freddie Mac did? Address it! We will promote the notion, just like Fannie Mae and Freddie Mac!

2.     Banks face a wide range of regulation and examination because of their FDIC insurance to ensure their safety and soundness. What equivalent regulation and examination will be placed on guaranteed money market funds? How will the government ensure the safety of its guaranty without equivalent regulation? Uhh!!! We didn’t really think about that!

3.     How will you keep corporations from taking unreasonable advantage of the lower cost of funding provided by the guaranty by moving more and more of their financing to commercial paper in these funds? We didn’t think about that either, but sounds like a damn good idea, doesn’t it?

4.     Will there be any limit on the amount an individual or institution can put in a guaranteed fund and still be covered by the guaranty, or will an individual or institution be able to have millions of dollars guaranteed by the government in a single fund? Million here, billion there, is there any difference. Seriously now…

5.     The guaranteed funds will generally contain commercial paper of large, AAA-rated companies. Those companies will now have a funding advantage because of the guaranty. Funds will be moved from bank deposits to the guaranteed funds driving down interest rates large companies will need to pay. Shhh!!! Don’t say that so loud, someone might hear you. Really! Since banks are the traditional lenders to smaller businesses, less credit will be available for small businesses. How will this impact on small business lending be addressed? F*ck ‘em! The little bastards. Aren’t they the one’s who read those blogs that bad mouth the government! We cater to the big boys, exclusively.

6.     The FDIC fund consists of tens of billions of dollars paid by banks over the years, plus the interest the fund has earned. While the announcement says that fees will be charged for the guaranty, those fees will not fund the guaranty program in any material way. Unlike the FDIC fund, which is pre-funded by banks and then backed in the first instance by the almost $1.5 trillion in bank capital, this new guaranty program is in the first instance a direct tax-payer funded program. How is that fair to the banking industry and what precedents are being set? All is fair in love and war, baby!

7.     What is the exit strategy? How do you remove the guaranty at the end of the temporary period without causing severe market disruptions? We’ll worry about that when the market disrupts. Look how well it worked with the credit crisis.

8.     Will the guaranteed funds have some type of obligation to serve their communities, equivalent to the Community Reinvestment Act, which applies to banks? What’s wrong with you? You didn’t hear me when I said F*ck ‘em the first time?

 

While we understand this program was put together in great haste under emergency circumstances, we respectfully suggest these and other questions need to be answered immediately, before the program is finalized and any further long term harm is done to our banking industry and the economy.