Subnostr

BREAKING: The FED has accumulated a $100 billion loss and those losses are likely to get much higher before the red ink stops. And guess who's paying for it? Taxpayers, of course, either indirectly through more money printing or higher taxes.

What's the problem?

During Covid (actually since 2008, QE), the Fed aggressively purchased bonds and mortgage backed securities to "flood the fiat system with money“ on which it must pay interest. Because of the rapid rate hikes, it has to pay out more interest than it earns on these assets. MUCH MORE.

If interest rates remain at current levels or higher, the Fed's operating losses will impact the federal budget for several years, requiring new tax revenues to offset the continued loss of billions of dollars, or further money printing.

Either way, this is just further proof that we are witnessing the end of central banking and the fiat system as a whole.

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Bernie 2y ago

Carl, I guess it’s a little bit different.

The FED bought low interest bearing bonds, so the FED will receive interest rates.

However, as interest rates are rising, low interest bonds will lose value.

Replying to

Love is Bitcoin 💜⚡

So many people have asked for my beetcoin price prediction for 2024, so here it is:

69k.

Say "nice".

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Bernie 2y ago

Nice 👍

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Bernie 2y ago

As #money and #value in the form of #bitcoin travels seamlessly through #space and #time , so can you

It completely sets you free, cause nobody will be able to stop, ban or tax a password in your brain

Replying to

nolim1t

Thailand sure knows how to shoot themselves in the foot.

Investors, don't forget to get out the lube unless you own a company

https://nitter.net/ThaiEnquirer/status/1703588575026254246

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Bernie 2y ago

Have they ever heard of #bitcoin ?

#bitcoin fixes this

Completely detached from space and time

Replying to

Vitor Pamplona

We haven't enabled PDF yet. Does anybody still use PDFs? :)

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Bernie 2y ago

In the corporate world it’s still a big thing

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Bernie 2y ago

#bitcoin made responsible for the total collapse of the system, hyperinflation and the economy destroyed will be the final boss

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Bernie 2y ago

Next attack on #bitcoin will be that #bitcoin is responsible for the failure of the #USD by sucking out monetary energy and putting it to #bitcoin

Same argument as Canadian grocery stores are responsible for high food prices and should be regulated if prices will not decline

Total clown 🤡 world 🌍

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Bernie 2y ago

There is ONE thing, that even #elonmusk could not fix

#bitcoin

Because a perfect system needs no fix

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Bernie 2y ago

Just got my brain blown out !!

Was so stupid to listen to #Bankless Rollup out of curiosity what #Ethereum is doing.

It was a total shitshow🤮

If you ever have issues with your faith in #bitcoin , listen to Bankless and your faith in #bitcoin will immediately 21x

Ponzi after Ponzi, and the guys even admitting it on air 🤡

Total Clown world

The Best: for Ethereum’s issue with stake imbalances, they are proposing a CENTRAL entity of TRUST with no stake for decisions, which is guaranteed to be acting in good faith as they have no stake in the protocol 🤡🤡🤡🤡🤡

You cannot make this shit up

Win of #bitcoin is ensured, as it always was and we already know

They should rename BANKLESS to BRAINLESS