About this app
What is Pinata Fiesta?
Paresh Raja’s mortgage lending company, Market Financial Solutions (MFS), collapsed into administration in February amid allegations of massive financial irregularities.
A source familiar with Raja’s gambling habits told The Telegraph he was a regular visitor to the upmarket Palm Beach Casino and Colony Club in Mayfair, one of London’s most affluent districts.
Raja was reportedly permitted to access as much as £600,000 ($800,000) a day from his bank account to finance his casino play, according to The Telegraph.
What is Pinata Fiesta?
Welcome to Octoberfest isn’t a standalone idea. It’s the newest addition to a defined sub-series, joining Beersburg Fest Hold and Win and Lucky Fest Hold and Win in the studio’s line of Oktoberfest-inspired slots.
That repetition matters. It shows 1spin4win building recognizable, reusable theme families it can refresh annually, which gives operators a familiar hook to slot into the same promotional window each September and October.
The new title steps outside the series’ usual framework, though. Where the earlier Oktoberfest entries leaned on the studio’s Hold and Win engine, this slot brings together ice-cold Märzen, sizzling bratwurst, salted pretzels, Tyrolean hats, and friendly locals ready to say “Prost!” Winning combinations can reach up to x2000 of the bet.
About Pinata Fiesta
This process of dumping nearly $1 trillion into the U.S. banking system has already begun. How is it going to work? There is currently a $1.5 trillion short term bill hamster wheel that the U.S. Treasury has been running on like a crazed mouse since April. They issue about $1.5 trillion in short term paper every month and pay it back with about the same in new short term issuance. They have about $1.6 trillion stuck in their bank account at the Federal Reserve, and that money is now coming out to pay down that hamster wheel. The issuance of new short term paper is slowing down. All this new money is going to stuff banks so full of short term cash that they will be forced to slam it into the existing supply of short term paper to such an extent that the rates are going to go negative, nominally. Nobody knows how deeply, but it’s definitely coming, probably in the next few days.
Below is the graph of 1-month rates from CNBC. They are about to cross the zero boundary.
When that happens, commodities prices are going to get completely unhinged. The cash on corporate balance sheets is going to start losing purchasing power very fast. And that will only encourage more dumping of it, and increase the positive feedback loop now already in place.
