Soooo….let’s keep raising rates…which will keep obliterating the market value of mid to long duration treasures…which are mandated to be held by all the banks HQLA at 100% due to laws from the Great Financial Crisis….*AND* …we’ll create a new backstop for any banks that also fail like SVB along the way…
People this is total desperation…Hail Mary pass…to regain control of the train that has already run off the cliff…
Cause of course we know what we are doing. This won’t end well..
Keep thinking of how blunt were about it at your 🦢 conference talk.
How much do these developments accelerate things?
Or is just HODL and see what happens?
So many variables I’m sure.
The financial system is a perpetual motion machine. Didn't you know? 😅⚡
They're going to fucking bail them out again, aren't they?
Yup
Unreal…
A friend mentioned to me today that the free market is complicated. I was quick to point out…the free market is NOT complicated.
You take risk and provide value, you receive your rewards. If you miss, you lose. Fairly simple.
What we have created is what is complicated, and it is NOT a free market.
Crazy that people still think that’s what our system is, and that it’s the free market that’s to blame.
🤦🏻♂️
💯. The game has become so unfree & complex that these asshats don’t know what the fuck they’re doing at this point.
Inevitably
Of course they are.
Injection of liquidity, watch the BTC price skyrocket. It’s a liquidity vacuum cleaner.
You know it
Infinite “money” baybeee
Let them collapse into the majors and then roll out the CBDC on top of those state financial pillars
You know they are. They must, if they don’t, the whole thing becomes a (very literal) bloody mess.
Global financial system fail, equals starving global population, equals blood in the streets.
And it’s always ambiguous, “a vehicle”, give me a fucking break. Once the public trust is eroded they won’t be able to get away with using this turd speak
In my experience, trains that go off cliffs land hard 100% of the time
So, looks like we are choosing the hyperinflation route instead of the credit default route. Predictable.
Looks like more bailouts.
#[0]
Getting rid of those 4000 banks and just consolidating to a few is a feature not a bug. Easier to administrate a CBDC.
Just keep stacking.
When are you going to have Ansel from btc mag on to talk about the fed?
How many actual depositor assets were discussed as acceptable to get 50 or 80 cents on the dollar back in the financial crisis? This ain’t good.
“The hope” lol
Bitcoin gets better looking every day. The real Miss Universe. #bitcoin
Great summary of Fridays situation…
Your post is attracting a lot of attention.
Added to the https://member.cash/hot feed
Are you discussing this on a pod or space soon?
The problem is very few people looks deeper than what the media presents…and therefore many will believe in the coming solution CBDC
Set up a vehicle. Lol we have a vehicle!
What if they walk back some of the GFC laws?
Well sure. But thank goodness Dodd Frank won't allow banks to fail anymore. Oh wait...
System seems to have a leak and when they plug it then it leaks elsewhere until it will break.
Stupid question but how much would such insurance cost if banks wanted to buy it?
🤡🌎
Q: what happened to all the many, many smaller banks' deposits that failed over the last 50 years?
I'm guessing they had much more under the 250k limit. Did businesses/people over that limit actually lose everything?
How many days until some for of withdrawal restrictions?
raising rate can be considered as a solution to economy,but it gonna hurt it,if adopted not in a technological manner
All intentional it seems.
