BREAKING: #Gold is now outperforming the S&P 500 over the past 20 years (dividends included) 🚨

My Raspberry Pi 4 refuses to die. What a trooper.

New prototype double the hashrate 🫡😏 needs some refinements but I’ll make sure that all #nerdminer plebs upgrade to some proper hashrate 🚀

Brave has 32.1 million daily active users for an estimated revenue of 29.9 million USD per year.

How many of you would pay $1 dollar/year for the browser app if Brave dropped BAT and the entire ad-based division?

the only thing I will remember about this

nostr:note1z0d4ju3ssp3cqsv3mugsxszzjf3hn0hl9sus6atg9xra3stl8wes02pzty

If the liberals win a fourth term in Canada I will officially approve the US annexation of Canada

I’m regards to compliance and I’m guessing “my safety”

Switching funds between on-chain and LN without opening or closing channels.

burn the ships

$DXY is falling, and dollar bears celebrate, not knowing that a weaker dollar paradoxically actually strengthens the system.

How? Here goes:

-there's tons of dollar debt that exists in offshore markets known as the eurodollar system. exact figures on this are hard to parse apart, but it's easily in the hundreds of trillions of dollars if you include off-balance sheet assets.

-the system started in the early to mid 1950s in the aftermath of WWII and the Marshall Plan. A UK Bank (Midland) began creating dollar deposits at high interest rates to attract capital. the market quickly grew to encompass all of Europe and then moved to Africa, Asia and Latam. By 1982, it was already at $1T in size (not adjusted for inflation!)

-the dollar debt is created by foreign banks creating eurodollar loans to local entities like mining companies, oil producers, car manufacturers, etc.

-these dollar liabilities are serviced with non-dollar income usually (meaning income in their local currency) that they have to swap into dollars to pay the debt

-therefore, a lower DXY (weaker dollar) means that these debts are more serviceable, which allows corps to pay off debt and if they want acquire even MORE dollar debt

-this means the debt system grows, and with it future demand for dollars- reinforcing the very system that the bears think is DYING.

-as the dollar weakens it also is easier for these third world countries to use USD as a settlement mechanism, since their own domestic currency buys more USD comparatively

-while the US does face a massive economic and fiscal crisis, so does everyone else- and the key differentiating factor is that the Dollar is the only currency with EXTERNAL DEMAND

-this leads to TINA doctrine- There Is No Alternative. No other fiat can compete with the dollar as a payment mechanism. BRICs is a loose confederation of states that can barely agree on border disputes, much less ownership + management of a multi polar commodity backed currency!

-if the dollar spikes, this leads to a crisis where more and more sovereigns see their currencies depreciate and in order to get their hands on dollars they have to print even more, which weakens their currency further

-DXY soars upwards in a devastating feedback loop until dollar liquidity is restored. the Fed has shown its willingness to create dollar swap lines to bail out other global CBs

-this is the devastating "dollar milkshake" that @SantiagoAuFund talks about. It is a feature, not a bug, of the structure of our current system- and it will only die if the entire system dies as well, which ironically inflicts more immediate pain on the countries trying to ditch the dollar first.