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Pop the champagne 🍾

Winner is in 🏆

It's BTFP (Bank Term Funding Program) 🎉😂🤡🌏

BUT

2023 BTFP < 2009 TARP

BOTH are shit 💩

BTFP contains bigger doo doo 💣

Stay tuned..more to come surely

And if not for #Bitcoin, don't think I could be as objective.

https://www.wsj.com/livecoverage/stock-market-news-today-03-13-2023/card/meet-the-btfp-the-fed-s-2023-crisis-facility-Bn7TsQpropbMiW1Z3kdp

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Next on the reading list

Yep, and this false precursor narrative by Yellon 👇 is eerily familiar, having lived thru the 2008-09 GFC. Same story just different players and bigger numbers, unfortunately.

So more papering over to come.

https://www.reuters.com/markets/us/yellen-working-address-svb-collapse-not-looking-bailout-2023-03-12/

Don’t believe the headline. If a more ‘systematically’ important institution in addition to SVB were at risk, can bet ur ass that bailouts will come. Just look to 2008-09 where Bear Stearns and Lehman were allowed to fail (and taken over), whereas firms like AIG, GE, GM, etc. were subsequently deemed too big to fail and bailed out with taxpayers’ money. Eerily familiar scenes and narratives.

Like I’ve said to several people last year, 2023-2024 will be statistically worse than 2008-2009, but it will ‘feel’ anecdotally better to most people since we’ve been primed with COVID, lockdowns, hyperinflation, etc.

Fortunately, this time around, those of us (who see) have #Bitcoin. So HODL on and GFY to the fiat-cucked narrative spinners.

https://www.reuters.com/markets/us/yellen-working-address-svb-collapse-not-looking-bailout-2023-03-12/

Nice. We need more self awards in this day and age

Yah, I don't know ...

Why are badges a thing? Is that the new blue checkmark or NFT-like community flex tool?

Reminds me of those girl/boy scout patches for tying knots, CPR, etc.

😂 yep true dat. Still getting over scrolling trauma. Had to stay away for a bit

Verifying my Nostr Nests identity: o0iMyC08JXM5pn-Yl4iZbjs9B9sxA-yLiF5EFBqOJv4

https://nostrnests.com

Well, minus the Hell Chain

Replying to Avatar falsefaucet

Oh yeah, the block clocks always know ...

Gotta ask Yegor. I just compile and make up character names 🤣