# “Lasciate ogne speranza, voi ch’intrate”
Hey all. Let me be the first to welcome you to the Crypto ~~Winter~~ Apocalypse.
This will **not** be a normal crash the ways we have seen before. Previous crashes were fixed/built upon with the [irresponsible printing of **USD Tethers**]( Seasoned veterans witnessed this and have been
* [Why didn’t you fucking listen?](
And now the chips are down. The song is stopping. The fires are rising. [Tether is de-pegging]( (for the second time in it’s history) and this time it might be for real.
[As of April, Tether reserves are 35% treasury bonds, 30% commercial papers, **8% cash**, 4% money market funds, and the remaining 23% are issued “secured” loans, corporate bonds, and **crypto**. Yes, the asset supposed to back crypto is backed in part by crypto itself. In other words: Tether is leveraged (albeit shyly, apparently).](
This *should* be you right now: [a quiet soul suffering quietly in the quiet darkness of despair]( Embrace it, for you were here by the actions and decisions you took. This is the price you pay for being in an echo-chamber and only upvoting [ridiculous fucking easily debunkeable threads.](
And now you will burn.