2 years unlimited backstop. Can you imagine the degeneracy in the markets if this happens
Discussion
Ya this is an insane inflection point for the banking industry.
So it begins
Fractional reserve baking. Scourge on our society
When googling scourge this is the answer
So this is the same as going to the casino everyday for the next 2 years, gambling everything on individual roulette numbers, winning when it hits but not losing when it doesn’t.
Sounds a bit fucked!
They’ve already robbed the silverware, the safe is long since empty.
This is an attempt to give them time so they can strip out the copper wiring and flog that off too.
Absolutely degenerate. They won’t stop until the average Joe is destitute and out on the streets baying for blood.
US government moves every year closer and closer to populism. In the social media age, nobody makes hard decisions which will impact positively for generations. Instead they choose serving the right now and the degenerate masses.
Low time preference is why bitcoiners will win.
Zero moral hazard. And banks eager to make risky investments to recoup recent losses. What could go wrong?