Can banks now use their previously underwater long term bonds as collateral to buy new higher rate bonds?

How does this end a year from now?

Now that the Fed will lend cash for treasuries at par, there will be a lot more buying of treasuries.

This is why yields are going down.

usable in cli only - customizing web gui trying

Does more income correlate with more happiness?

This is the part that kills me… the fact that the banks bought fucking bonds with customer deposits over the last few years while the federal funds rate was sitting damn near on zero… it had nowhere to go but up.

Unfortunately most people in the general public are too uneducated to know this, but shouldn’t banks know that bond price is inversely correlated to the interest rate? Therefore their investment in a bond has no potential to increase in value and can only go down in value in the short term?

Soooooooo tragic that the bank gambled peoples money away on fucking bonds and then the house of cards topped when ppl asked for their own money back

(Granted that bond price returns to the original price as it approaches maturity)

Today I’m officially 52 years old and the world seems so broken. Inflation, fiat, bank runs, bailouts for corporations, divisiveness, a rigged system, I could go on and on BUT there is also you. Those who have helped me wake up from the matrix. Those who have made me laugh until my sides hurt. Those who have taught me bitcoin, economics, history, government, and monetary policy, and those who have schooled me on seed oils, sunlight, health and beef. You are internet strangers who have become my friends and family.

Today on my birthday I choose to stay aware of the dark, but embrace the light which is you who have become my tribe. Call me annoying, corny, whatever you want, but what an astonishing gift you are to me. 💜🧡

Hear me out, Lehman Brothers, but with social media.

When the 2 yo decides to stay naked all day while having hour-long fits every other hour …

I want to make public my concern about "NFTs" which are being sold utilizing my name. Recently, a picture of code I wrote was sold at auction for .41 BTC. It was advertised as my code in the listing and presented to the public for sale and profit. Let me be clear – I was not involved with the creation and sale of this or any other "NFTs". I have not consented to the use of my code or my name for this purpose. Instead, 3rd parties are marketing my name and my code for their own monetary gain. Worse yet – they are creating confusion in the marketplace to the extent that the auction “winner” contacted me and stated: “Think I won your auction? 😊”. Stop using my name to mislead the public so you can make a quick buck. It’s wrong.

The public should also be aware that the seller and/or auction site offered me a donation of 90% of the auction proceeds “should I choose to accept” it. I feel this is a clear attempt to: (1) bribe me into silence; and/or (2) obtain my consent after the fact. I will not accept such payment at the expense of the public who are being misled. I will not accept any such “donation”.

Due to the misrepresentation involved and actual buyer confusion, I strongly insist upon 100% of the auction proceeds to be refunded to the buyer.

I felt obligated to speak out, not just for myself, but for other Bitcoin devs who are being placed in similar situations. The amount of money we have been offered as “donations” for acquiescing to what is taking place is considerable. I do not condone it. I do not consent to the use of my name or code for this grift. I want the public to be aware of where I stand.

I want to do whatever I can do to limit the damage which will inevitably be caused by this confusing and misleading behavior.

What am I seeing here?

Unless the data is old - it’s probably is. I’d say at least 60%

99%

Currency debasement is a fraud against humanity.

Caitlyn Long specific noted that valuing the assets at *par* is the bailout.

Where is the money coming from that they are loaning out? Drained in 12 months or not it still seems it is in fact printing in the short term.