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Nov 28, 2011 The suits say that the poker games were “exclusive events, by invitation only, and that there was a regular roster of players consisting of wealthy celebrities, entrepreneurs, attorneys. The suits say that the poker games were “exclusive events, by invitation only, and that there was a regular roster of players consisting of wealthy celebrities, entrepreneurs, attorneys.
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Just looking for people to play with I'll do any buy insGeneral weekend players vs weekday players for NL
What's the usual crowd weekend vs weekday? Is the competition tougher on the weekends?Live NLH in Michigan
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Looking forward to the then multi bag tournament at Pearl River Resort. Hope to see you there.Home Game
Anyone know of any home games in the Philadelphia area. Particularly 1-2 but really anything. Thank you.
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Poker in Upstate NY
Welcome to Poker Atlas, the top site for information about playing poker all across New York, including the areas of Buffalo, Niagara, and NYC. Register with Poker Atlas now to share your poker room reviews and become eligible for our incredible promotions.
Buffalo and Niagara are two of the most popular destinations for traveling poker players in the state of New York. Residents are within range of Seneca Niagara Casino and Seneca Salamanca Casino. Given the sumptuous leafy surroundings in which these casinos are set, it is unsurprising that regular tournament and cash action is propelled by a dependable band of locals. The casino resorts also attract many nature tourists, who contribute to the poker economy on a consistent basis. Online poker is not allowed in this area, but young poker players are welcomed from the age of 18 upwards by both Seneca venues.
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New York City has a fearsome reputation as a conveyor belt of poker talent. In particular, the Mayfair Club developed talents such as poker legends Dan Harrington and Erik Seidel until its closure was forced under the Quality of Life campaign in 2000. In fact, this legislation closed all underground poker rooms in New York City. With a lack of regulated online poker in the area, many New York City poker players make the journey to Turning Stone Casino in Verona. This Heartland Poker Tour and Poker Night in America venue has more than 30 tables to satisfy players starved of action elsewhere.
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This week, three G-7 central banks had meetings and all decided to CHECK and leave policy unchanged. This was widely expected as there was little reason to UPSET the incoming Biden administration with any idea of currency manipulation. However, the Bank of Canada, Bank of Japan and European Central Bank all discussed the fear of a further slowdown from an increased spread of covid-19.
It is interesting that both the BOC and the ECB mentioned currency valuations but in different contexts. The BOC was not overly concerned as it said, “Global financial markets and commodity prices have reacted positively to improving economic prospects.A broad-based decline in the US exchange rate combined with stronger commodity prices have led to a further appreciation of the Canadian Dollar.” It seems as long as a basket of currencies are RALLYING versus the DOLLAR the BOC is comfortable with a stronger currency, especially with elevated prices for raw materials.
The ECB and President Christine Lagarde seem to have some concerns about a stronger EURO having a NEGATIVE impact on eurozone inflation as a strong currency will prevent the bank from achieving the vaunted 2% inflation target. Lagarde stressed they are “monitoring the exchange rate very carefully” and that “all instruments can be adjusted and nothing is off the table.”
This is NONSENSE because Secretary Yellen has put all central banks on notice that the U.S. will be opposed to any manipulation of exchange rates to secure an advantage in trade. The Biden Administration wants the market to determine exchange rate levels. Lagarde will be reticent to raise the ire of her longtime friend. If U.S. policy is deemed to be looser and irresponsible the U.S. dollar will be driven lower by global investors. The race to the bottom of fiduciary responsibility is the final outcome.
***Two issues to consider: First, the rise in commodity prices over the last six months appears to be not a result of great economic activity but the appearance of Chinese stockpiling. Copper, iron ore, grains, as well as other industrial raw materials have risen as the Chinese YUAN has rallied almost 14% of its lows made May 25. It appears that the Chinese promoted a rally of the YUAN in asymmetrical fashion for a stronger currency is a great benefit to a nation importing massive amounts of raw materials.
In addition, if the Chinese government is pursuing a policy of enhanced domestic consumption a stronger currency enriches its consumers/middle class. A test of this HYPOTHESIS will be when the YUAN reaches the 6.25 level, the low against the DOLLAR made three years ago.
Second, we have to talk about Bitcoin. In the last two weeks there have been statements from Yellen and Lagarde that appear synchronized. In her testimony to the EU last week, Lagarde said the following: “Bitcoin is a highly speculative asset, which has conducted some funny business and some interesting ad totally reprehensible money laundering activity. There has to be regulation. This has to be applied and agreed upon at a global level because it there is an escape,the escape will be used.”
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Yellen happened to use very similar language about BITCOIN during her confirmation hearing before the Senate. And just last week the British regulator, the Financial Conduct Authority said “be prepared to lose all your money. There is no guarantee that cryptoassets can be converted back into cash. Converting a cryptoasset back to cash depends on demand and supply existing in the market.”
In a podcast I recorded in October 2016 with Rick Santelli and Anthony Cruedele I was asked about BITCOIN. I maintained that the BLOCKCHAIN element was interesting and needed more consideration but a currency aspect made me nervous BECAUSE SOVEREIGN GOVERNMENTS WOULD PROTECT THEIR CURRENCY MONOPOLY. That is, a sovereign’s duty and obligation. I said I feared that if the U.S. said a terrorist attack was funded by BITCOIN the government would make it illegal for after all the U.S. government made owning gold illegal in 1933-34.
It was YELLEN who suggested Congress curtail the use of BITCOIN amid terrorism concerns. My advice is trade it but be careful making it an investment. I am suggesting to be careful with this asset class even as it soars. Governments hate competition. Article 1, section 8, clause 5 of the U.S. Constitution: “To coin money, regulate the value thereof, and of foreign coin.”
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Tags: Bank of Canada, bitcoin, blockchain, Canadian Dollar, Chinese Yuan, Christine Lagarde, Euro, European Central Bank, Janet Yellen, raw commodities, U.S. Dollar