Wow, greenfiat you guys have outdone yourselves!

What number bailout are we up to now?

FED bailout explained for dummies.

BTFP (Bank Term Funding Program) is a covert YCC.

What does YCC mean? First you have to understand what QE is.

QE are programs executed by central banks to buy sovereign debt or other assets.

Obviously this money is printed out of thin air, it is one of the ways in which liquidity is injected into the system producing the Cantillon effect.

What is YCC? It is the purchase by the central bank of sovereign debt, keeping the interest rate at a certain price. If the interest rate rises, the central bank executes purchases to lower the interest rate.

The difference with QE is that QE is temporary and punctual, YCC is continuous.

Let us now explain what the BTFP (Bank Term Funding Program) consists of.

The BTFP needs a guarantee from the banks and now comes the big one, this guarantee is restricted to US Treasury debt (UST) and mortgage-backed securities (MBS). It's a full-fledged YCC in disguise.

If you buy UST (United States Treasury) you have the guarantee that when you need it the government will lend you the same money invested in it, so when the banks have money, what do you think they will buy? The government is telling you that if you buy USTs it will bail you out, if you don't, fuck you, it's great, you have a product with which you get a return and on top of that you get the same liquidity that you invested in it.

But it also means that the FED pays all the current amount of USTs and MBS that exist in the banks' balance sheets, around 4.4 trillion.

Let me translate, with this program, the FED can print up to 4.4 trillion.

And they say it is temporary, only until March 2024, place your bets. Japan was the experiment, now it is the turn of the US and Europe, the YCC is here to stay, unlimited financing for governments, if it was not already, well even more, they will no longer need to invent a crisis to obtain liquidity.

My question is, where do CBDCs fit into all this?

Bitcoin does not solve all the problems of society, you have to fight for your rights and what will you do when they ban all entry of fiat to bitcoin, when they regulate so that you can not use your bitcoin, when they expropriate your property if you do not tell them how much bitcoin you have...

The success of bitcoin depends on the balls of the HODLER's no more, how much are you willing to risk, to what extent are you committed, will you take to the streets to fight if they ban your bitcoin, will you put your money into litigation like the Cypherpunks did for PGP, does no one remember what happened to Assange anymore, Ross W. Ulbritch, Aaron Swartz, Snowden? Buenismo got us into the shitty world we have, wake up a little.

Turning the other cheek is the discourse of the elites to be able to govern in an easy way. Any historian worth his salt will tell you that violence is intrinsic to human beings, don't you think? Read history.

I know that my speech is not accepted by people, it is too many years of diseducation.

You are assaulted by a policeman in an unfair way - Can't you defend yourself?

They enter your house to steal - Isn't it legitimate to defend yourself?

The government becomes a tyrant - Isn't it legitimate to claim your rights and defend yourself from the violence exercised by them?

There is a big difference between attacking and defending, but in both cases there is a common denominator, violence.