GM @fiatjaf
For the 90s kids…
Said another way - creating money out of thin air for every bank on planet earth.
Good reading for a day like this…… #[0] #[1]
Hey Caitlin, you need to add your LNURL to your profile to join the ⚡️⚡️⚡️ party.
The Fed will have to print/backstop the the difference between the MTM losses on the bank holdings and on demand deposits….. one massive liquidity injection.
Or cut rates to zero and put all the OTM holdings back into the black. There is no other option. #[0] #[1] #[2]
“MIDSIZE US BANKS ASK FDIC TO INSURE ALL DEPOSITS FOR 2 YEARS.”
Steady lads. Gonna need more cowbell……
Cool chart…
#[0] #[1] #[2]
#[0] - we need a new term for an institution that holds 100% of on demand deposits…….
“Bank” is not that word.
This is a must listen #[0] articulates the problem and the solution so well. This is gold for your 👂
Well that escalated…… so massive liquidity via the fed window, larger than 2008 and now they hike? Welcome to the Twilight Zone 👻 👽 💵 🖨️
Well that didn’t take long……. Who’s next? So many bond books underwater right now, matter of time.
Last week my signature ⚡️ of 111 sats was worth 3c of old greenbacks…..this week it’s worth 5c. Can’t wait till it’s $1.
#[0] #[1] #[2] #[3]
