Thanks sms! Tried to zap you but no lightning. Appreciate it!

Haha this fella is mid curve

Fiscal dominance is when fiscal policy (govt) overwhelms anything monetary poli y (central banking) can do.

Next steps are monetization of debt or severe austerity with a 10-25x increase in bank reserve requirements

https://research.stlouisfed.org/publications/review/2023/06/02/fiscal-dominance-and-the-return-of-zero-interest-bank-reserve-requirements

nostr:nevent1qqsxt86t87kjn4tsklvxqn7uqzkch2sn9r98nxuavnjp9yprazq637spz4mhxue69uhhyetvv9ujumn0wd68ytnzvuhsygr9jmgqrhy7uzhfhy5s0hysq4rzpxz2ygfcn2y73mx5vcyyfc09a5psgqqqqqqsvuzp4z

Anyone know of an escrow service for selling big ticket item (automobile) in BTC?

#asknostr

Yes. Politicians wont save you. Read or listen to Animal Farm https://www.youtube.com/watch?v=rMRoG6jc1kA&t=1211

My note was confusing. Orwell didnt write Mandibles. I meant

Orwells best book.

I enjoyed it more than Mandibles (Shriver)

Still waiting for the dip

Cant sleep. Listened to animal farm instead.

If you still think a politician can save you, give it a listen. Its shorter than Inception and will have bigger impact on your reality.

George Orwells best work. Better than mandibles, imo.

#Bitcoin

https://www.youtube.com/watch?v=LIFK00vf8Y4&t=10041

Was it Craig?

Damn. Sorry for your loss.

Gm

Hm not exactly sure. Let me say some words and see if any hit.

Pensions generally use a combo of asset/liability and modern portfolio theory to determine their asset allocation. Managers of pensions have a fiduciary duty to the beneficiaries of the pension.

Odds are 100%. Indeed pensions, insurance companies, banks, retirees are structually long bonds. Their are regulated into this.

Banks and insurance companies get special accounting rules to prevent margin calls or get bailed out when bonds are marked down.

Pensions and retirees do not enjoy these benefits. Not only that, the fiduciaries advising these plans HAVE to recommend bonds for "risk management". Sadly, the clients are paying 1%+ to be forced to pay for wall street and DCs excess.

I love the rain

https://www.youtube.com/watch?v=yMRoNNKWuqQ&t=12194

Sign me up and take my sats for that browser

On one hand i respect the defiance. On the other they are usually the worst kind of people.

Indeed youre only as happy as your family's health

This x1000

They will either not get paid (hard default) or they are fully paid with weaker dollars (soft default)

In either case the outcome is far less purchasing power than expected

The next "cool" thing is just around the corner, perpetually. Gets old.