# Banks want a banking crisis -- why?
#DanielaCambone #GEdwardGriffin
#TheCreaturefromJekyllIsland
# #petrodollar ?
Facing mounting debt, three quarters of U.S. workers want to get paid every day
?w=2048
Payday lending regulations are blocking on-demand pay from expanding nationwide.
https://fortune.com/2024/02/20/earned-wage-access-payday-loans-cfpb-tila-regulation/
# Yet, #EWA has been rolled out successfully in #Europe and the #UK—97% of participating UK firms said that EWA programs improved their employees’ sense of financial security.
# Certainly! The article titled **"Fiscal Dominance and the Return of Zero-Interest Bank Reserve Requirements"** by **Charles W. Calomiris**¹ explores the concept of **fiscal dominance** and its potential implications for the United States.
Here are the key points from the article:
1. **Fiscal Dominance**: This term refers to the possibility that **accumulating government debt and deficits** can lead to **increases in inflation** that override central bank efforts to keep inflation low. In other words, fiscal policy (government spending and debt) dominates monetary policy (central bank actions).
2. **Feasibility of Fiscal Dominance**: The article argues that the prospect of fiscal dominance occurring in the United States is **no longer far-fetched**. If global real interest rates were to return to their historical average of around 2 percent, given the existing level of US government debt and projected deficits, the US would likely face an immediate fiscal dominance problem. Even if interest rates remain below historical averages, continued deficits could still lead to fiscal dominance within the next decade.
3. **Policy Implications**: The article discusses how various policies, especially those related to the **banking system**, would need to change if fiscal dominance became a reality. It raises questions about how the US would adjust its policies to address the unsustainable combination of debt and deficits.
In summary, the article highlights the urgency of addressing the growing government debt and deficits in the US and considers the potential impact of fiscal dominance on monetary policy and the banking system¹. 📈🏦💰
Source: Conversation with Bing, 20/02/2024
(1) Fiscal Dominance and the Return of Zero-Interest Bank Reserve .... https://research.stlouisfed.org/publications/review/2023/06/02/fiscal-dominance-and-the-return-of-zero-interest-bank-reserve-requirements.
(2) Fiscal Dominance and the Return of Zero-Interest Bank Reserve Requirements. https://econpapers.repec.org/RePEc:fip:fedlrv:96299.
(3) Fiscal Dominance and the Return of Zero-Interest Bank Reserv. https://ideas.repec.org/a/fip/fedlrv/96299.html.
(4) Fiscal Dominance and the Return of Zero-Interest Bank Reserve .... https://fedinprint.org/item/fedlrv/96299.
(5) undefined. https://files.stlouisfed.org/files/htdocs/publicat.
Reporter asks, “You own $10,000,000,000 worth of bitcoin. When do you sell for profit?” nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m says, “I’ll be buying forever”...
😂
# Bloomberg have been chirping about $78K exchange rate for #Bitcoin today and this
#Gresham'sLaw is nonsense: the #US dollar **is** backed by gold, black gold, oil and that is why it is the reserve currency.
Nobody wants to hold a weak currency.
nostr:note10aqtl90gav5mn4gths52me6kf4nv5nz934ppdvgkjjk69mj5e8wqk63aq4
# This is what the #UK media is saying about it
"So far, no ships attacked by the #Houthis have been sunk or any crew killed but there are growing safety fears, and if either of these situations happened it would dramatically increase the #RedSea crisis."
https://uk.news.yahoo.com/crew-evacuated-uk-registered-cargo-085658687.html
Now that we have the technology, it's time to utilize it for the greater good. Let's normalize topic-based discussions on important issues.
Trending: https://tags.nostrnet.work
# This is actually genius. We read books to get a different perspective on life and by extension social media does the same in bitesize ( + real time real news). Trending tags make the scrolling worth it. Thanks, nostr:npub1cmmswlckn82se7f2jeftl6ll4szlc6zzh8hrjyyfm9vm3t2afr7svqlr6f appreciated !
'National Security', it doesn't mean you.
# #DirectedEnergyWeapons can do this.
Believe me. There is a particular spot in my kitchen that when no.23 make their usual behind the wall crack-sound a wave of anger comes over me and it has been happening for years. By God's grace i am aware of it. This #angerAttack is a particular skill of no.23, not so much no.19 the #Aslam .
?quality=90&strip=all&zoom=1&resize=480%2C252
The #police and #intelligenceServices seem to think i am a violent man. Whatever dossier they've been reading they shouldn't believe everything they see in black and white.
https://metro.co.uk/2024/01/25/man-hospitalised-police-weeks-deaths-daughters-aunt-20174934/
# Directed energy weapons can do this
https://apps.dtic.mil/sti/trecms/pdf/AD1164923.pdf
https://news.sky.com/story/first-images-of-children-found-dead-at-home-in-bristol-13075680
# I went back 😬
19 February 2024 - i went back to #MI5 no #Google #streetview #LodgeRoad near Sundridge Park train station. It's a public road but like much on the #UK , we have 'rights' as long as we don't exercise them.
https://ia600209.us.archive.org/28/items/trim-20240219-235041/TRIM_20240219_235041.mp4
https://ia801305.us.archive.org/23/items/trim-20240219-235215/TRIM_20240219_235215.mp4
nostr:note1qqqqq99r6lm292lzy3z8cljd75fkqxjdsn9e2sgjxl2ag50je6ase57xpt
Most of the #ETFs use #Coinbase which gives out BTC-IOUs and not #BTC itself. It's an #FTX paper-bitcoin scam.
# Looks like #childrenOfDarkness ( #Israelis ) is a **banned** tag
"There are disturbing reports of at least one female infant forcibly transferred by the Israeli army into Israel, and of children being separated from their parents, whose whereabouts remain unknown,"
# #NATO **will** attack #Russia.
The #UK is crying about #Navalny but they're doing the same thing to Assange.
#freeAssange
# Knowledge is at your fingertips
Please spread the word in #Africa. If you can, use #Copilot from #Microsoft (no sign up necessary):
https://play.google.com/store/apps/details?id=com.microsoft.copilot
If you can't, then use a VPN so you can, #Proton is good and free (#Greece works well with Copilot):
https://protonvpn.com/free-vpn
The World's knowledge is in these AI large language models k( #LLMs) and can be used offline =>
The **SAM-7**, a Soviet-designed, shoulder-launched **surface-to-air missile**, has a remarkable history. First developed in **1959** and deployed in combat in **1968**, it remains in use today. The primary purpose of the SAM-7 is to **destroy low-flying aircraft** (those flying under **2300 meters**) or to force them to fly at higher altitudes where radar can detect them¹².
Interestingly, the first recorded combat use of the SA-7 was in **1969** during the **Egyptian-Israeli War of Attrition**³. Despite its age, this missile technology endures, and various nations have adapted and modified it to suit their individual anti-aircraft and air defense requirements. China, Pakistan, Egypt, and Yugoslavia are among those who have customized the SAM-7 for their specific needs¹.
So, while I don't have the exact date of the **last time** a SAM-7 hit anything, its longevity and continued use demonstrate its effectiveness in air defense systems. 🚀🌟.
Source: Conversation with Bing, 19/02/2024
(1) Missile, SA-7 | National Air and Space Museum. https://airandspace.si.edu/collection-objects/missile-sa-7/nasm_A20040204000.
(2) Missile Firing Tube and Grip Stock, Surface-to-Air, SA-7. https://airandspace.si.edu/collection-objects/sam-7-missile-and-launch-tube-strela-a/nasm_A19930358000.
(3) SA-7 Missile: Old, But Deadly Technology - ABC News. https://abcnews.go.com/Technology/story?id=97816&page=1.
(4) Surface-to-air missile - Wikipedia. https://en.wikipedia.org/wiki/Surface-to-air_missile.
(5) en.wikipedia.org. https://en.wikipedia.org/wiki/Surface-to-air_missile.
# I don't think a SAM7 has hit anything in decades ...