Another important financial development occurred with the Marquette Bank v. First of Omaha (1978) Supreme Court ruling, which enabled banks to charge their home state’s maximum interest rate nationwide, bypassing state usury71 laws. Generally, most states capped annual rates between 8 and 10%, the highest rate being 12%. Delaware, however, had no cap. Predictably, many banks are now headquartered in Delaware, and the average credit card interest rate is 24.74%. Some cards charge as much as 29.5% annually. Loan sharks would blush. So think about this. The average citizen, if they save their money, can only receive a safe return of 4-6% in today’s environment, but if they need to use credit cards to borrow money, they pay almost 25%. Who pockets the massive spread? You guessed it, the financial operators.

#ITGETSWORSEDAYBYDAY #CREDITCARDS #BITCOIN

THANKS FOR YOUR SERVICE.. WHAT SALES ARE YOU IN? IM IN ENTERPRISE SOFTWARE SALES.. SALES IS WHERE THE MONEY IS BUT ALSO NOT WHEN THE MARKET IS IN A DOWN TURN.. TECHNOLOGY SALES IS LUCRATIVE BUT GETTING SOMEONE TO MAKE A DECISION IS IMPOSSIBLE AT TIMES! #SALES #BITCOIN

Enron's collapse in 2001 is one of the most infamous corporate scandals in history. In a nutshell, here’s what happened:

Accounting Fraud: Enron used complex and unethical accounting practices to hide massive debts and losses. They created off-balance-sheet entities (special purpose vehicles) to keep bad investments and debt off their financial statements, making the company appear more profitable than it actually was.

Misleading Financial Reports: Enron executives manipulated financial reports to inflate revenue and profits, deceiving investors, regulators, and the public. This created a false image of a highly successful company.

Energy Trading Scams: Enron was heavily involved in energy trading and manipulated energy markets, such as during the California electricity crisis, by creating artificial shortages to drive up prices.

Corporate Culture of Greed: The company fostered a toxic culture where executives prioritized short-term profits and personal gain over ethical behavior and long-term sustainability.

Whistleblower and Exposure: Eventually, whistleblowers and investigative journalists exposed the fraud. The company’s stock price plummeted, and it filed for bankruptcy in December 2001.

Regulatory and Legal Fallout: The scandal led to the dissolution of Arthur Andersen, one of the largest accounting firms at the time, for its role in auditing and enabling Enron’s fraud. It also prompted significant regulatory changes, including the passage of the Sarbanes-Oxley Act in 2002, which aimed to improve corporate governance and accountability.

In summary, Enron failed due to widespread corruption, fraudulent accounting, and a culture of greed, which ultimately led to its dramatic collapse and significant reforms in corporate oversight.

#BITCOIN #FREEDOM #OPENLEDGER #FRAUD

This process mirrors addiction. Like an alcoholic treating hangovers with more drinking, each monetary crisis demands increasingly larger intervention. Eventually, alcoholics in this condition will die. While cold turkey withdrawal — returning to sound money — is the only real solution, the economic equivalent of delirium tremens makes the impact of abandoning fiat money frighteningly difficult. We all know the cure but fear the withdrawal.

#BITCOIN #FREEDOM #LIBERTARIAN #SOUNDMONEY #INFLATION #FIATISCANCER

We come now to the single most important law of inflation. The Law of Exponential Inflation. We may also think of it as the law of geometric progression: every inflation must compound itself at a geometrically increasing rate in order to continue to have the same beneficial effects as in the beginning. It means, in practical effect, that every inflation, once begun, must become continuously worse.

#BITCOIN #SOUNDMONEY #INFLATION #THEBIGPRINT #FREEDOM

It’ll definitely happen.. keep doing it.. what is your main career?

LIV golf vs TGL league?

One is real golf and the other is rubbish play play simulator…

My humble opinion.. money laundering operation on both counts..

LIV playing in the dark this week is rather interesting..

#golf #sport #asknostr

They are ridiculous… they must of read at least 1.5 pages of Peter Schiffs playbook…

It’s rather funny that everyone says cloud is the way to go - everyone I’ve spoken to have found out they getting absolutely rugged by the fees.. I’m very new to the data space but what I’m hearing is that people are crying!

Is writing your full time career?

I’ve learnt something today - I’ll read your stuff over the next week.. 🙏

I must be honest - I’ve read a few articles so even someone who exclusively uses this as his social media platform..

It will definitely take off within a few months max 12/18 months..

I still think this platform will be the biggest in 5 years..

People are tired of bullshit on the social media platforms..

Please send me your writings - I’d love to read them

#bitcoin

What’s the best cloud platform

AWS

Azure

GCP

Or is that like asking what’s better than ETH,SOL and XRP

I don’t know enough about this hence my question..

#asknostr #data #bitcoin

Nostr is essentially like this for micro influencers..

I really enjoy the fact that people can zap when they enjoy your content and vice versa..

I really wanna get more people into this space because there are so many people who have talents that can get paid rather than waiting to get onto the YT and TikTok payment plans…

When is the FED gonna be SUNSETTED.. it’s been doing an absolute shit job since 1913..

Surely it will be better if they just fuck off and sell the properties and fire the rent seeking employees..

#endthefed #bitcoin #freedom

I think it would actually do the opposite.. the lower level teams and players would get supported directly from their die hard fans..

The Ronaldo’s and Tiger woods don’t need the fans zaps - like bottom “level” players will get zapped..

Where I wanna help in my country is the people who live completely off cash - zapping would change their life..

I spend money on books from Amazon monthly which is my biggest splurge…

Traveling not so much because I’ve been pretty much everywhere I’ve wanted to be and because I’m tall flying is extremely expensive and uncomfortable unless I’m flying business class.. I can’t justify the prices when I can rather just buy BTC..🤙🏻🙏

ABSOLUTELY - IT WAS ALMOST LIKE AN OVERNIGHT CHANGE IN MINDSET.. EVERYDAY I SEE “COOL” CARS DRIVING AROUND AND IM LIKE 3BTC 5BTC 1BTC AND THE PEOPLE DRIVING THEM ARE LEVERAGED TO THE ROOFTOPS WITH RIDICULOUS INTEREST RATES AND PAYMENTS..

YEAH, PORSCHES AND BMWS AND MERCS - RANDOM SHIT BUT EXPENSIVE IN BTC TERMS.. I NOW HAVE A 1999 MITSUBISHI PAJERO. BEST CAR EVER. CHEAP ON GAS AND LOW PROFILE.. IF I HAD 3500BTC TODAY - I WOULD BUY MYSELF A TRUCK LIKE A F150/250 BECAUSE OF THE ROADS WHERE I LIVE BUT THATS IT.. LAMBOS AND FERARRIS ARE TERRIBLE CARS IN MY OPINION.. BEING 6FOOT7 ALSO DOESNT HELP HAHA!

Going off of the gold standard was a crime and also a very irresponsible act.

THE LAST THING ANYONE IN GOVERNMENT SAID THAT WAS TRUE.

#ENDTHEFED #BITCOIN

I USE TO SPEND RIDICULOUS AMOUNTS OF MONEY ON BUYING CARS - LIKE 2-3 PER YEAR.. I WORKED OUT IVE SPENT 3500BTC ON CARS OVER THE YEARS AT THE TIME OF PURCHASE.. BUT THE AGE OLD SAYING - EVERYONE GETS BTC AT THE PRICE THEY DESERVE.. I USE A CAR NOW THAT IS $4500 AND ITS PERFECTLY FINE…