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Joe Burnett 2y ago

FTX borrowed customer deposits and bought shitcoins.

Silicon Valley Bank borrowed customer deposits and bought long duration bonds.

In 2008 Lehman Brothers borrowed customer deposits and bought mortgage bonds.

Fiat banking is inherently fragile.

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Discussion

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ClownWorld 2y ago

I hadn’t heard of SVB until today

Sounds like a really big pile of 💩

80
80f48f5e... 2y ago

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ClownWorld 2y ago

Lots of WASPs on wallstreet and Silicon Valley

Its not a race thing, more of a narcissistic sociopath who gets into this type of finance

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Faboose 2y ago

Buy some shit to hedge your shit

Wcgw

🤣🤣🤣🤣

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TonySly 2y ago

Can’t imagine the panic in their wire room right now.

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StoneXia@石头 2y ago

history is alway the same

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Economic Profesor 2y ago

These are all #ponzi schemes

Buy, hodl, don’t trade #bitcoin