There is a very simple economic law: all increases in income will be absorbed by rent and mortgage rates. In addition the hazard is greater than the benefit, in that it will expand to the natural margin. In other words, no it’s not possible, and it never will be.
Source date (UTC): 2024-07-23 16:37:05 UTC
Original post: https://twitter.com/i/web/status/1815788233600495930
Reply addressees: @ChrisWenzel2
Replying to: https://twitter.com/i/web/status/1815787555247550634
Bob: Q: If the US Treasury buys and holds BTC, other than pumping and dumping, is there any means by which the Treasury’s money expansion to buy BTC can be used to manipulate the purchasing power of BTC?
Thanks
Source date (UTC): 2024-07-23 16:05:02 UTC
Original post: https://twitter.com/i/web/status/1815780168415506753
Reply addressees: @infineogroup
Replying to: https://twitter.com/i/web/status/1815778446259163349
Bob: Q: If the US Treasury buys and holds BTC, other than pumping and dumping, is there any means by which the Treasury’s money expansion to buy BTC can be used to manipulate the purchasing power of BTC?
Thanks
Source date (UTC): 2024-07-23 16:05:02 UTC
Original post: https://twitter.com/i/web/status/1815780168360980480
As expected. UBI Cannot work. Ever. Period.
We have proposed something that does work, which is a much more sophisticated version of the WPA. Meaning, that if there is no work in the consumer economy that does not mean that there isn’t endless work to be done on the commons.… https://twitter.com/Noahpinion/status/1815406682094375227
Source date (UTC): 2024-07-23 05:28:54 UTC
Original post: https://twitter.com/i/web/status/1815620081155449175
@Palsvig: You’re welcome
1) FYI: I’m trying to determine the various means of circumventing the transaction ‘tax’ and I see a rather sizable hole for the large financial institutions, so we’re working to find a solution to it.
2) FYI: Our organization considers you a thought…
Source date (UTC): 2024-07-21 18:44:50 UTC
Original post: https://twitter.com/i/web/status/1815095610040553801
Replying to: https://twitter.com/i/web/status/1815055265542070604
In the USA a bank requires 5-10M, and a credit union only 500k. The UK is more interested in spending 1M pounds on bureaucracy to defend against 1 pound of potential losses, where the USA works by the opposite mechanism. You can create any biz as long as you’re willing to fail…
Source date (UTC): 2024-07-20 20:53:27 UTC
Original post: https://twitter.com/i/web/status/1814765589094973824
Replying to: https://twitter.com/i/web/status/1814763137452630498
The formula is simple. Credit card interest and any minimum fees vs deposit interest + overhead. It’s not complicated.
Source date (UTC): 2024-07-20 20:51:16 UTC
Original post: https://twitter.com/i/web/status/1814765038567125327
Reply addressees: @Claffertyshane @quasiantipodean
Replying to: https://twitter.com/i/web/status/1814764478946328606
No threat to the hegemon. It’s just immune to mass consumer sentiments. The only threat would be the visa network trying to cancel the bank, which would provoke a lawsuit opportunity, which in turn would lead to legislative or court demand for reform.
Source date (UTC): 2024-07-20 10:12:15 UTC
Original post: https://twitter.com/i/web/status/1814604222907797903
Reply addressees: @JimReckoning
Replying to: https://twitter.com/i/web/status/1814589760880713857
It takes 10,000 people to contribute $500 each to start a bank that provides cancel-free banking services.
It takes $20 a per person month and 24 months to for each person accumulate $500 investment – ie: buy a share of stock.
It takes a small number of individuals to create an irrevocable trust that then owns that bank.
That trust can be created such that all assets contributed to the trust prior to marriage cannot be considered in divorce.
Some states include Domestic Asset Protection Trusts specifically insulating assets from divorce proceedings.
Source date (UTC): 2024-07-20 00:53:05 UTC
Original post: https://twitter.com/i/web/status/1814463506789609477
It takes 10,000 people to contribute $500 each to start a bank that provides cancel-free banking services.
It takes $20 a per person month and 24 months to accumulate $500 investment.
It takes a small number of individuals to create an irrevokable trust that then owns that bank.
That trust can be created such that all assets contributed to the trust prior to marriage cannot be considered in divorce.
Some states include Domestic Asset Protection Trusts specifically insulating assets from divorce proceedings.
Source date (UTC): 2024-07-20 00:53:05 UTC
Original post: https://twitter.com/i/web/status/1814459211683602432