The High Stakes action has slowed down in recent weeks with players like Tom “durrrr” Dwan and Patrik Antonius absent from the big, online games. However, this doesn’t mean that the tables have been totally vacant. Players like Ziigmund and Brian Hastings have been going at it this week at the $500/$1000 Pot-Limit Omaha tables on Full Tilt Poker. Brian Hastings has been suffering quite the downswing this year. Information about his recent downswing can be found here: Brian Townsend Facing Massive Downswing.
The bad luck continues for Hastings as can be seen in last week’s biggest pot in online poker. Ziigmund raised on the button to $3,000 with AhQc7d5c and was three-bet to $9,000 by Hastings’ double-suited AsJh6h4s. Ziigmund made the call and saw the Jd4c2h flop come down. This flop gave him a gutshot straight draw while giving Hastings two-pair, jacks and fours. Ziigmund check-called Hastings’ $13,000 bet and hit a pair of aces & a flush draw on the Ac river. Unfortunately for him, Hastings also hit the ace, giving him top two-pair. Ziigmund check-raised Hastings all-in and Hastings quickly called. The pot inflated to $208,999. Ziigmund was looking for any non-jack club or three to help him improve. His wish was granted on the turn when the 9c hit, giving him the pot and elongating Hastings’ downswing.
The next largest pot of last week happened during the same session between Ziigmund and Hastings. With effective stacks of $200,000 and Ziigmund on the button, he would raise to $3,000 with his AsAc9h6h and Hastings would flat. The AdQd5s flop was huge for Ziigmund, giving him a set of aces. Hastings check-called a pot-sized bet of $6,000 and saw the Qc turn drop. Ziigmund had a full-house and was almost fearless in his betting as Hastings check-called another pot-sized bet. A Js landed on the river. Again, Hastings check-called a pot-sized bet of $54,000. He saw the news of the full house and mucked his hand. The $161,999.50 pot was Ziigmund’s.
The session, however, was not all Ziigmund’s. Hastings also won a huge pot in …
With $13.7 Trillion in globally negative yielding debt, we are treading on new territory, never previously seen by humanity … ever, in commerce.
Negative yielding debt? Imagine. Would you lend $100,000 to anyone – even family – if the interest rate meant, instead of you receiving money, or being zero (aka family), that every month you (the “Lender”) had to pay the borrower, more money? Think about that! You lend someone, your hard earned dollars and then, month after month, instead of making a return on your money, you have to pay out more money? Insanity.
This alone reflects the failing of the Western Central banking system; and has never previously been witnessed in 5000 years of recorded commerce; and not enough people are talking about it – period.
Like a tsunami of capital, this $13.7Trn in negative yielding debt will – and very soon – seek out a return; and, as we speak, has already begun this process of, ebbing out of the countries whose government bonds presently provide this negative yield (Japan, Germany, France, Europe).
If one wants to really understand from more than just a surface opinion on why the recent rally of crypto, one need only understand this very under-reported tidbit of data/knowledge. A tsunami of capital, like a fire-hose, will find its way to other investments – it’s that simple. And while historically, precious metals juniors, cannabis stocks, crypto, etc. has been seen as a more “risky” investment, nothing is more risky than a guaranteed negative yield, like this government debt.
Lets be honest, countries like Japan, which have recently adopted Ripple in a big way, are already very well aware of such crisis’ – even though general market may not be. Proof: Negative interest rates in Japan have driven up safe (physical vaults) sales up to 1000% of previous year sales (year after year). Citizens are doing whatever they can to put their wealth somewhere and avoid paying bank fees. Which guarantees the banks are scrambling to figure out how to reduce such fees; hence why block-chain is so so appealing. Not to mention, …