Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!)

As a TradFi refugee I have worked with scumbags and sociopaths, but at least their influence and power were confined to the workplace.

Some of these CeFi/DeFi guys are on another level of slimeball.

They basically took the TradFi model and amped it up. Capitalism on the way up and socialism on the way down.

I HATE when the little guy gets hurt.

The whole point of Defi was so that the little guy gets a shot at a better life.

The whole industry gets tarnished because of the actions of a few.

Is it any wonder trust in legacy institutions are at an all time low?

To add insult to injury central banks have started hiking interest rates around the world.

Most banks haven’t been able to take advantage!

My local banks are paying out pitiful interest rates. They charge all these random and ridiculous fees.

How is it that the XLF (Financial sector exchange traded fund) is flopping around like a dying fish?

This looks suspicious, are the big banks holding some toxic waste that we don’t know about?

OR

Do they see something bad on the horizon and they are hoarding cash?

Could it be that consumer credit (credit cards, personal loans, and mortgages) have started to sour?

Are BUSINESS loans ok? Will they become deadbeats? If so watch out below!

I seriously doubt all the fancy pants analysts have this priced in…

There’s maybe a few financial related stocks I might nibble on if they get cheap enough. Paypal, Square, and Visa MIGHT come out of this alive. They have started to integrate crypto into their operations.

It’s easy to bash TradFi, but I’m not letting crypto and DeFi off the hook either.

We saw way too many protocols employ a farm and dump model.

Security and credibility continue to be issues. Now you also have potential government intervention.

 A lot of “DeFi” projects received direct or indirect backing from CeFi entities. As of this writing DCG hasn’t gone bankrupt yet but it’s probably just a matter of time.

The surviving protocols will probably need to add some type of crowdfunding technique to their existing models.

Speaking of which if you would like to support my writing efforts…

Publish0x: HA! I knew there would eventually be some groveling involved!

Me: Of course, pandas gotta pander! I’m still trying to recover from 2022. I needs help! So if you drop a tip, I would appreciate it!

We have to take a look in the mirror and ask ourselves what problem are we solving and what value are we adding?

For most us it’s probably bagholding. The politically correct term is “liquidity provider”. Most of the time it’s providing exit liquidity for scumbags.

Remember, there’s nothing wrong with waiting for the market to go on sale. You don’t have to gamble your money away.

Unless you want to live with your parents again…

Let’s do better frens!

Obviously none of this is formal financial or tax advice. You need to find qualified professionals in your jurisdiction.

Be sharp, stay hungry let’s get that money!