I know bitcoiners focus on central banks printing money for inflation but fractional reserve banking and lending creates money and inflation too. And it works in the opposite way too. Banks go bust, no more lending which is deflationary.
Everything is looking deflationary at the moment.
But yes long term, inflation will return. Printing, lending (low rates) and direct stimulus will return.
One rug pull after another. 
👇🤦♂️ 
Think of all the great Canadian companies we have – RBC, BCE, CNR, CP, CNQ, Rogers, Enbridge, TransCanada Pipe, BMO, CIBC, Telus, Shopify, and the list goes on and on. Now add them all up and combined they are now smaller than one company – Apple. 
Inflation is engineered by governments for the gain of governments
- Friedrich Hayek
Jessica, hello.
Get your own panties with the coupon code LOVEISBITCOIN for 10% off at https://LOVEISBITCOIN.com/panties
What’s underneath? #[2] haha
Bitcoin did have increase in supply ie monetary inflation during that time. Just not price inflation. Just demand outpaced that monetary inflation.
💥 Boom!!! 
Things to come👇👇 nostr:note1rl2x23kuw879lnq5pxjel72fx4p94s8sy4tmhm90z05vyj5ewq8s93fgng
Almost all criticism of capitalism is actually criticism of government corrupting capitalism into corporatism and suppressing competition to pick economic winners and losers by fiat.
Just $7 Billion away from the redline.
Treasury cash drops to $57BN, down $11BN in one day. 
Just made a quick video on Hayek's Plan for Private Money
#canada
Check it out on Keet.io
Room:
punch://jc38t9nr7fasay4nqfxwfaawywfd3y14krnsitj67ymoubiezqdy/yj9rryrh5exan5oudzktxn47p3brs9gsufmqmuiyqda6pf4xn85zf7buwxxm5syajf48e3dazwwnmpgw97obi8kc7wuwb5c6d3ixnadryry99fu8zi6eoyeyybymh9eie5ze7u3e3ynkgasxkbgrijq1t7iemtbuw9xchdxzmp91cizdtqo15bc3qn5rhwjwka8pby7ysxjkyj3ka7aifzbrq6xfz3bpbo 
While a U.S. default seems unlikely, excessive money printing will lead to a financial collapse. Printing money may provide short-term prosperity, but it's not sustainable. Remember, time favours gold, bitcoin and hard assets. Let's prioritize long-term stability and wise financial management.
For anyone financially struggling… calm down because it could be worse. At least you aren’t the treasury.
Treasury cash plunges $26BN to just $68.3BN from $94.6BN, the lowest since 2021, on $25BN payment to Social Security 
Shared a short video on the 3 ways to buy a car. The Spender, The Saver, and The Wealth Creator
Join me on Keet.io
punch://jc38t9nr7fasay4nqfxwfaawywfd3y14krnsitj67ymoubiezqdy/yj9rryrh5exan5oudzktxn47p3brs9gsufmqmuiyqda6pf4xn85zfnnk8x77o78jasw5fb9hjrb7s9mizw3xts5rbaoa9a5wyfpz5cxhyry99eb5wj5aoyeyybymx44onp3p4wund8drfar5d8etam86fe3y9n7ir94s5938qcf7sg4byx4safmxgc48tqfpdonu1acnursjadmheqb6joc716khc4jhbc 
Trying something new.
Instead of hosting videos on Youtube, I'll be using Keet.io.
Just created a short video on the importance of creating your own banking system.
Check it out. Download Keet then use the Room address below.
punch://jc38t9nr7fasay4nqfxwfaawywfd3y14krnsitj67ymoubiezqdy/yj9rryrh5exan5oudzktxn47p3brs9gsufmqmuiyqda6pf4xn85zr45z5joninywfjakusdyy569aaqczdcmt674bjejxf3ctm6dywyayry996p36f5eoyeyybyci1f1ihbsoz484oue59qt5uuirbgee7cfcsh49p4k4harh6zsnhcibhzjs5hsn9zifrst34wur8cat63pq3ycadpt6esf1u1xif4kyy
What are the best relays these days? I’m having issues.
In ancient Rome, where empires rose and fell,
Debased coins tainted stories they would tell.
Byzantine Empire, too, faced the same plight,
Silver lost its shine, causing economic blight.
Henry VIII, the king with lavish taste,
Debased England's coins, his treasury embraced.
Portugal's Age of Discoveries, bold and grand,
Yet debased their currency to finance the land.
Revolutionary France, a tumultuous scene,
Debasement ran rampant, inflation obscene.
United States, during the Civil War strife,
Currency debasement added to the life.
Germany's Weimar Republic faced distress,
Hyperinflation caused widespread duress.
Russia, Austria, India, they all had their turn,
Currency debasement, a lesson we should learn.
These nations faced the perils of debasement's might,
A cautionary tale to keep currencies bright.
This time is different…
Ancient Rome - 3rd century AD
Byzantine Empire - 10th century AD
England (during the reign of Henry VIII) - 1540s
Portugal (during the Age of Discoveries) - 16th century
France (during the French Revolution) - late 1790s
United States (during the American Civil War) - 1860s
Germany (Weimar Republic) - 1920-1923
Russia (during the Soviet era) - 1920s and 1990s
Austria (during the Austro-Hungarian Empire) - late 19th and early 20th centuries
India (during British colonial rule) - late 18th and early 19th centuries
Mexico (during the Mexican Revolution) - early 1900s
Spain (during the Spanish Civil War) - late 1930s
China (Chinese Communist Party era) - 1950s
Hungary - 1940s
Greece (multiple episodes throughout history) - various periods
Egypt (during various political transitions) - various periods
Sudan (multiple episodes throughout history) - various periods
Nigeria (multiple episodes throughout history) - various periods
Zimbabwe (Rhodesia) - late 1970s
Iran (Islamic Revolution era) - late 1970s and early 1980s
Turkey (multiple episodes throughout history) - various periods
Lebanon (during periods of economic crisis) - various periods
Yugoslavia - 1990s
Bolivia - late 1980s and early 1990s
Peru - late 1980s and early 1990s
Brazil - multiple episodes, including the 1980s and early 1990s
Argentina - multiple episodes, including the late 1980s and early 1990s
Colombia (during periods of political and economic turmoil) - various periods
Ukraine (during periods of political instability) - various periods
Venezuela - ongoing, with significant inflation in recent years
Banks conjure wealth, from thin air it appears,
Yet with each creation, fragility sneers.
Unstable foundations, a financial quake,
Fractional reserve, risks we must wake.
#Canada
Great to hear. Nostr, plebstr and other clients are going to rewire all of social media. 🚀🚀
From Paolo
Transparency is king.
Tether today has 2.5B+ USD (equivalent) in company own excess reserves.
What company own excess reserves mean?
It means that Tether, on top of the 100% reserves necessary to back issued tokens, has currently 2.5B+ USD (equivalent) more. This accounts to ~3% additional value on top of the minimum 100% reserves.
These excess reserves have been accrued through interest rates on our massive US t-bill portfolio and other investments (gold, ...).
Why does Tether keep excess reserves in the portfolio?
While these excess reserves are part of Tether own shareholder equity, Tether prefers to give priority to ensuring that its stablecoin products as resilient as possible. While banks can do fractional reserve, we believe that's not a viable strategy for a stablecoin, so it's crucial that Tether keeps an additional cushion to further protect its user base.
From the latest attestation (dated 2023-03-31), Tether has confirmed that it held already ~2% of its portfolio in #bitcoin .
Today @Tether_to announces its commitment to use up to 15% of its newly monthly net operating profits (ie. accounting the realized dollarized profits coming from t-bill and similar investments) to purchase #bitcoin as part of its excess reserves.
The total value of Bitcoin kept in the portfolio is currently well below our own excess reserves (~1.5B vs 2.5B), and our aim is to continue in the same direction, since only up to 15% of net operating profits will be used for these continuous Bitcoin purchases.
Why #bitcoin and not something else?
Because Bitcoin is the epitome of a sound and secure monetary system with its decentralized nature and scarcity, Bitcoin is revolutionizing the concept of money and challenging traditional finance.
Bitcoin has defied expectations, shattered boundaries, and provides access to the global financial system to anyone with an internet connection.
From Paolo
Transparency is king.
Tether today has 2.5B+ USD (equivalent) in company own excess reserves.
What company own excess reserves mean?
It means that Tether, on top of the 100% reserves necessary to back issued tokens, has currently 2.5B+ USD (equivalent) more. This accounts to ~3% additional value on top of the minimum 100% reserves.
These excess reserves have been accrued through interest rates on our massive US t-bill portfolio and other investments (gold, ...).
Why does Tether keep excess reserves in the portfolio?
While these excess reserves are part of Tether own shareholder equity, Tether prefers to give priority to ensuring that its stablecoin products as resilient as possible. While banks can do fractional reserve, we believe that's not a viable strategy for a stablecoin, so it's crucial that Tether keeps an additional cushion to further protect its user base.
From the latest attestation (dated 2023-03-31), Tether has confirmed that it held already ~2% of its portfolio in #bitcoin .
Today @Tether_to announces its commitment to use up to 15% of its newly monthly net operating profits (ie. accounting the realized dollarized profits coming from t-bill and similar investments) to purchase #bitcoin as part of its excess reserves.
The total value of Bitcoin kept in the portfolio is currently well below our own excess reserves (~1.5B vs 2.5B), and our aim is to continue in the same direction, since only up to 15% of net operating profits will be used for these continuous Bitcoin purchases.
Why #bitcoin and not something else?
Because Bitcoin is the epitome of a sound and secure monetary system with its decentralized nature and scarcity, Bitcoin is revolutionizing the concept of money and challenging traditional finance.
Bitcoin has defied expectations, shattered boundaries, and provides access to the global financial system to anyone with an internet connection.
It’s a nice app but I can’t get used to the layout. Feels like the profile icons are so large and the post itself is small. Then all space on the last of the post seems wasted. Images don’t fit the post area either.
Don’t get me wrong keep at it. You guys are awesome. I tried your Tweetoshi app too and it was the same. That’s just my simple user experience. I just find it hard to use the app for that reason. Don’t know if anyone else has mentioned the same thing.