Why is every supermarket always out of parchment paper? We need to ramp up production 😂
Happy Sunday ☀️ 📖 ✊ 
Debt to GDP as core metric is already looking bad in most countries but seems very misleading. For a household you would take all debt (liabilities) vs income. For a mortgage here is an example guideline for DTI (debt to income):
100% or higher DTI - these prospective borrowers represent a huge risk and do not show an ability to make regular mortgage payments. Almost all lenders will reject an application in this instance.
75% to 99% DTI - borrowers who are very high risk. A select few specialist lenders will be willing to look at the application and make a positive decision where other factors are given more weight, such as credit score and a clean credit history or substantial deposit.
50% to 74% DTI - high risk borrowers. Some specialist lenders are willing to accept applications at this level, but terms are less favourable and larger deposits are required.
40% to 49% DTI - moderate risk borrowers. Specialist lenders will want to see good credit history and may ask for larger deposits.
30% to 39% DTI - acceptable risk. Most specialist lenders will offer a mortgage at this level at standard terms.
20% to 29% DTI - good borrower. Almost all lenders are happy to approve mortgage applications at this level.
0% to 19% DTI - very low risk borrower. All lenders will consider an application
Now let’s look at US as a virtual household:
Gov income is not (yet) 100% of GDP! More like 17%. So 25.4 * 0.17 = 4.3T
Total liabilities are more like 100T, this is current and future outgoings the gov has committed to even though not all of it is funded - which doesn’t mean the liability magically goes away. Current low estimate for this is 100T.
So the debt to income ratio is about 23.2 or 2300%.
Buying gov bonds is like financing a mortgage for that household.
You know how this ends 🟠.
Argh… UK is soooo not getting this and keep braking on all 4 for the past 10 years, missing the biggest opportunity of all time to become the new center of modern finance.
- avail to HNW / accredited investors only
- not SPOT !!! Paper bitcoin 💩
- also approved ETH etn, not protecting investors from exposure to a scammy unregistered security
Proper link this time - t-30 https://x.com/spacex/status/1765037578343121372?s=46&t=Meq1xhH1dVb1i9ZvdoQjAg
Actual launch is in 30 mins broadcast starting soon
So so sorry this was a scam link ! Fake spacex channel w 400k subscribers and YouTube not taking it down 😤
nostr:npub12vkcxr0luzwp8e673v29eqjhrr7p9vqq8asav85swaepclllj09sylpugg why does your lightning wallet activation require PII like email, country and DOB ?
Smash buy on weekend, dry up the OTC desks, build up huge price gap for ETF Monday open, ETF fomo, BTC ngu, MSTR ngu, raise debt or sell stock, repeat.
Confirmed “MicroStrategy has acquired an additional 12,000 BTC for ~$821.7M using proceeds from convertible notes & excess cash for ~$68,477 per #bitcoin. As of 3/10/24, $MSTR hodls 205,000 $BTC acquired for ~$6.91B at average price of $33,706 per bitcoin.”
Smash buys from Chad incoming
https://www.microstrategy.com/press/microstrategy-completes-800-million-offering-of-0625-convertible-senior-notes-due-2030_03-11-2024 nostr:note1djfpgf4h66jzyj7qjfl40kj5zt6hj3t9qml3uwe5uax7yatkea2sqxu04a
They smashed the buy button already 🤣
“MicroStrategy used the net proceeds from the sale of the notes to acquire additional bitcoin.”
As soon as the 4y price cycle model is being accepted more broadly it will be broken since everyone will start to front run it. That would explain why we are already making ATHs. What happens when we start to front run ♾️/ 21M ?
Bitcoin return last 10y+ are face melting but also totally comparable to returns from a successful startup investment from seed to IPO (for bitcoin, basically from pizza day to the ETF).
From now the baseline is now the “IPO” price (45k) and TAM is a one quadrillion SOV market, of which BTC currently has about 0.1% market share. Public companies have done 10, 100, 1000x from their IPO prices (eg market share going from 0,1 to 1 to 10 to 50%+ saturation) so not breaking new ground in that sense but doing so with the largest market of all.
Only by accepting the enormity and binary aspect of the endgame (the number zero or a number with 6+ zeroes) is someone able to overcome the ‘being too late’ mental block, overcome their ego and jump in.
Fiat is the volatile asset.
Fiat rug pull in Egypt today 