The US Playbook to kill its debt (My prediction):
1. Capture through high interest rate as much USD as you can (Fed Funds rate 5%+)
2. Close as many exits as possible (limiting withdrawls strong)
3. When ready drop fed funds rate NEGATIVE
4. This kicks inflation to the extremes
5. let inflation rip 100-1000%/year
6. everyone is trapped in the bank while the fiat gets devalued faster than you can say "Hello World".
7. If debt is again below 60-70% raise rates
8. Hope that there are still buyers for bonds....
9. Hope you are still the world reserve
So all in all they try Israel's debt experiment in a time of instant global communication for everyone. I wish the US the best of luck... Exactly why the FED Fundsrate of 5% is a huge trap and will hurt you. If its too good to be true than YOU are the yield.
I had 14.4kbit (max 1.65KB/s on a very very very good day) :-( .....
Fuck yes
nope, bitcoin can never go to 0, there are multiple people that would buy all 21m
The more i think about Balajis claim Bitcoin can go to 1 million USD within 90 days... i did first think, holy crap he is crazy... sure some screws lose.... but the more i think also about the current economic situation... i found 7 reasons that might be possible to do it.
1.
Russia is removed from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system and announces that Bitcoin will be the only accepted form of payment for goods. This would significantly weaken the use of the US dollar and SWIFT system, leading to an increase in Bitcoin adoption.
2.
The United States defaults on its debt, causing bondholders to seek out a safe haven for their investments. Since gold may not be a feasible option for such a large amount of investment, digital assets like Bitcoin become a more attractive alternative.
3.
The United States and NATO enter into a direct war with Russia or China, leading to a potential global conflict (World War III). In such a scenario, the demand for Bitcoin could increase as a hedge against uncertainty and potential economic instability.
4.
Deflation of derivative products occurs, leading to the failure of all major banks. This would trigger a flight to safety into Bitcoin and gold, with Bitcoin being the quicker and more accessible option as a digital asset.
5.
The USDT stablecoin goes bankrupt, resulting in a sudden influx of $80 billion into Bitcoin. The order book for Bitcoin may not be able to handle such a sudden surge, leading to potential price volatility and further adoption of Bitcoin.
6.
The Bank of Japan goes bankrupt, leading to economic instability and uncertainty in the region. Bitcoin could serve as a safe haven for Japanese citizens looking to preserve their wealth and avoid potential currency devaluation.
7.
Multiple banks fail, leading companies to seek alternative ways to secure capital outside of the traditional banking system. For example, a company may allocate 30% of its treasury to Bitcoin. If more banks fail, this trend could continue and lead to further Bitcoin adoption.
100% of the people and 95% of the Bitcoiners completely underestimate how much will be mined in what year.
Green marked is when no more than 1 BTC is mined in the specified timeframe.
So if you hold 1 Bitcoin , it is worth more than 1 year energy supply of all miners consume in the year 2096
And one of those country's is the USA
2 quadrillion USD in derivatives about to blow up....
2.1 quadrillion satoshis....
coincidense the pure calculation by satoshi nakamoto?
normaly yes... but after SVB it would be already down to 26B USD :-)
i have born 150 shrimps, 15 crabs and 5 octopus and 1 fish since the 28. january when i started on nostr :-)
It makes me feel better.... how about you watching these lines?
I would make a bet > 40k this month...
You dont have enough #Bitcoin , you completely underestimate what #Bitcoin will do... 99.9% of the people will underestimate and therefore be short Corn.
If some one wants to play around with facebooks LLaMA model (kinda like gpt-2/3 here is a magnet link for the download
magnet:?xt=urn:btih:b8287ebfa04f879b048d4d4404108cf3e8014352&dn=LLaMA&tr=udp%3a%2f%2ftracker.opentrackr.org%3a1337%2fannounce
Question (Maybe someone with knowledge can help me as a noob to understand it):
The FED buys for 1$ a bond that is worth 0.9$ because of the higher interest rate.
Why do interest rates on Bonds still exist? .... Makes no sense anymore.
This leads to everyone buying the long end with very low interest rate, exchanges it with the FED for 1$. This comes close to yield curve control / flatening the curve.
This can in turn be unlimited leveraged till the yieldcurve is adjusted.
When everything is flat time has no value anymore, when time has no value why even work for it anymore?
I think with the current action the FED completely destroyed the global bond market.... And there is no way to fix it anymore except letting banks fail.
The second problem is FDIC holds 23B USD , the FED holds 230B TBills ... that isnt even enough to cover 0.1% of the eurodollar bond yields.... ehm. jeah.
Push it further....
30y home mortgage are now worth much much more because you can exchange it again for 1$ for every borrowed $. wouldnt that decrease the home value directly at least 10% down?
Would love some input... i realy try to understand it.
dry aged... yummy
i would be absolutely ok with that.... as long as it makes the world a better place... which it will