Banks are falling left, right and center. Some of them claim social media groups are responsible for this.
I’m here to call BS! It’s the banks fault for not protecting themselves against digital bank runs. More about this in my latest post.
Oh and yes, #Bitcoin is the solution!
I'll leave this here for you if there is that one annoying friend who argues Lagarde was never convicted. She was, and she should have never been able to take the job as the head of the ECB!
So, $17 billion of Credit Suisse bonds were wiped out by Swiss authorities. The bondholders are furious and want to sue.
The Swiss media is silent about it, just a few mentions and all of my swiss banker friends don't respond to text messages.
Tell me again, is this supposed to be a safe haven for finance? Swiss banks and the ecosystem are lost. #Bitcoin is inevitable
The bank world is going down the hill. They need to be bailed out again or find a new daddy to do their work.
My lovely co-host #[0] and I decided to record our thoughts on the matter for Rabbit Hole Stories.
Here's an idea, stop this nonsense and build on #Bitcoin
https://www.wsj.com/articles/japans-monthly-bill-for-propping-up-yen-comes-to-43-billion-11667220494
It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
Everyone in #Bitcoin this past week
This was a fun Rabbit Hole Stories conversation with #[0] where we got to talk about her views on the #Bitcoin community, the environment, and CBDCs.
Tune in below!
🎧 Audio: https://rabbitholestories.co/13
🎥 Video: https://youtu.be/cZYAPM2FNvo
The rich get richer, and the poor get poorer. This is a direct result of the Cantillon effect. I wrote about this week's struggles, what we need to improve, and how #Bitcoin is our last resort.
Bitcoin these days
A banker friend of mine told me today, that these bank runs are a good thing. They differentiate the weak from the good. He’s not worried where he works at. We’ll see.
But, correct me if I’m wrong, isn’t any bank’s weak point a bank run? Especially since most of them lend out more money than they have in the bank?
Margin Call is such an underrated movie! This is probably the film's best scene, and I bet these kinds of discussions happened a lot today as well.
Hard lesson. Hopefully, they realize that you can be your own bank with #Bitcoin
https://twitter.com/BrianRoemmele/status/1634254882046889986
Man, I’ve been stacking extra these few days. Who did as well?
Which bank do you think they’ll call Lehman 2.0? My money is on Credit Suisse.
Man, this is the week of the failing banks. But #Bitcoin is bad because it's too volatile.
Bingo!
It is, but you charge your Apple Watch on it and the charging face makes it look like a retro OS.
I love my new desk friend! He's always on time and looks amazing
Is anyone interested in a Match Box ticket between Man City and RB Leipzig?
The guys at Satoshis Place UK are doing a giveaway on their Twitter.
Also, if you're in Manchester, make sure to check them out!
https://twitter.com/SatoshisPlaceUK/status/1633754842089783298
What a sore loser. The moment people push back on his statements, which were horribly wrong, he’s blocking them.
