What a day.
FBI whistleblower comes forward with evidence that Biden engaged in a pay-for-policy scheme with a foreign national when he was VP.
Treasury announces the first buyback program since 2000.
Powell raises rates by 25bps while ensuring banks are safe.
PacWest fails.
Gold hits new ATH as well.
I dunno if news is news or the onion news anymore
Seems like everyday
What a day it was!
Thank god there's #Bitcoin.
Holy shit...more market manipulation...signaling the banks are totally fucked. Why does the Treasury, which itself is running short on cash, need to support the banks and buy longer dated, older bonds from them? Because there isnt enough market demand for these bonds are quoted prices. So, instead of letting the market price drop, which would cause more unrealized loss, threatening more bank solvency, the Treasury steps up. Just another bailout at taxpayers expense, benefitting the banks and our faulty system. Ho hum. This is exactly why we #bitcoin
