The Great Taking Theory

TL:DR The powers at be will bid asset values up, attract funds into the system via easy leverage and promise of riches and then conduct an intentional and aggressive asset devaluation effectively conducting a margin call on anyone with leverage (financial assets, mortgages, property). The skids are greased for this to work because all securities and bank deposits are first and foremost collateral for too big to fail institutions.

This happened during the great depression where folks with deposits and loans at the "wrong" banks saw their deposits wiped out, their loans transferred to another banks, a call on that loan and a confiscation of the collateral as the loan can no longer be serviced (borrower has no money remember?)

First time i heard this theory i thought it was bonkers. Then i read the book and thought it was unlikely.

Now, as we approach rate cuts in the face of global inflation, their desperation increasing, and the fed saying things like "make sure theres enough collateral for the lender of last resort" i am worried.

Bitcoin is our way out, even still if this happens, its gonna be hard living.

#Bitcoin

https://thegreattaking.com/read-online-or-download

https://tftc.io/central-bankers-and-the-anticipation-of-the-next-crisis/

#m=image%2Fjpeg&dim=864x1374&blurhash=%5EBSF*0IU%24%24RjskWBVqayaej%5BRjj%5BX%3DjstSj%5BX9WV%25ij%5BbbfQRkay%251t7jZj%5BRij%5BD%25t7%252fQayay%3Fbt7RjfQM%7BayR4ofxtofoJj%5BxYj%5Baxj%5BRjfQ&x=8bb7fe1981b0e7b440898e4fced44492847b73d9510e0f84f5b5f7177372249c

They just wont give it a rest.

Marginal cost of production is next to nothing. They think they can capture the edge but itd be a race to the bottom.

This also has me thinking, if youre a commercial kitchen, how the fuck would you fail health inspection on a go forward basis if bugs became a thing.

Regulator - your bugs bad, our bugs good?

Legend

250/yr is pretty standard and maybe even low for a pension account, no?

Thanks for sharing the site. New source

Unchained

GM

Word. That was my first dispatch rip.

One if my work machines still runs Adobe PDF. Prob dont need to tell you how many background processes are running, not to mention the bloatware. Its the companies data but I still hate it.

Did that caption just make her hot?

Yuuuuuuuup

Indeed, they have at least one more everything bubble to blow up.

My 2 sats, as the rate cuts spur risk taking and leverage, they will hope that manifests in more financial asset leverage which plays such a crucial role to the whole economic system.

Asset prices up means more leverage and increased collateral values. Right now the entire system is short equity and higher collateral values would help fill that gap.

But, itll go to bitcoin and cryptocurrencies.

Since they cant afford for capital to leave the system the asset deflation for non-bitcoiners and even bitcoiners could be staggering.

Non-bitcoiners though may also lose their collateral if banks go bust whereas so long as bitcoin stays decentralized and permissionless bitcoiners can build back with our full stack.

Reminds me of atlantis from atlas shrugged.

End of an era

GM - beautiful tulip?

If you want to kill other chains bring their use case to Bitcoin. Unless its shilling and killing, leave that shite over there.

Oooooo p caaaat....they want to bring you back

https://www.youtube.com/watch?v=FzJTvAwg_is

We are going to hit 1b txns right before halving. Beautiful coincidence or all part of the plan?

#Bitcoin

#m=image%2Fjpeg&dim=864x250&blurhash=Q13uWWxt%7EqIoayM%7BD*j%5BIU%25M%25M%25MxuWBRjM%7BRkWBV%40-%3BRjxuWCRjj%5BM%7Bj%5B&x=af335e59e1a202a93c0c7cd55ec869286ed3c1f817fdcf402783469cfa335ad9

That looks bomb

Keep pulling those threads

nostr:nevent1qqsplx2p53mxchmhj2dvwfq94xxq60fvk2t2npjv0z0ywnged4mg7kgppemhxue69uhkummn9ekx7mp0qgsf0fqrvsxg8tqjhnj4dhkcmvhna05frqqcxtapz99tmfe6dt59nrqrqsqqqqqpkzu4xc

I couldnt believe it. Then its got me thinking how id respond. The security guard at the end had some pretty poor technique.

Forgive me for projecting. Peace and love.