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Derek
469179475d290add06ac15460d08e370c06deb2cffe7fbd96ad6694b948f0683
Be hopeful 🇸🇻

Will be told it wasn’t like this and made to feel bad for thinking it was

https://youtu.be/zI3yU5Z2adI

2023: lnterest rate = 95%

2024: Socialists declare Argentina didn’t do it right. Demand do-over

“This isn’t individual banks runs, it’s a run on the business model.

Essentially every bank in America used that business model: loading up on expensive bonds to park the influx of pandemic-era deposits, then losing hundreds of billions as rates went up.“

https://open.substack.com/pub/stonge/p/last-days-of-first-republic-bank?utm_source=direct&utm_campaign=post&utm_medium=web

“If one or more alternative digital currencies threatened to become used widely as an alternative to the Canadian dollar as a method of payment, store of value and unit of account, then a CBDC could be one mechanism to defend monetary sovereignty.”

Race condition

Source: https://www.bankofcanada.ca/2020/02/contingency-planning-central-bank-digital-currency/

Isn’t everything?🙂

I was a little surprised at the level of knowledge and stacking.