Will the FED use CBDC to destroy Bitcoin and the Cryptocurrency sector?
(Meir’s usual quick and to the point answer)
https://youtu.be/m691zrfnMTA via
Source date (UTC): 2023-05-08 07:35:43 UTC
Original post: https://twitter.com/i/web/status/1655476558813855745
RT @Hail__To_You: “The worst part [of today’s Western academia] is that instead of working for the common good, they’re working for individ…
Source date (UTC): 2023-05-07 17:25:56 UTC
Original post: https://twitter.com/i/web/status/1655262703928111104
@verified
SMALL ORGS
1) Thank you for Twitter Verified Accounts.
2) Thank you for Twitter Verified Orgs
3) We agree with the policy and costs for verified orgs.
4) Our org is a small think tank that can’t afford the 1K a month, because we are too small at present. But with Twitter Blue verified accounts, we can use signatures in posts for our own branding.
5) But this doesn’t solve the problem of false representation of our organization. And I don’t really see any option for ‘small accounts’, where individuals pay the fees themselves, but can be included in a group (list) whose members are open to administration, and the group name is published along with the user name (or some equivalent).
I would love to see a solution to that problem, and it doesn’t seem like much more than a twitter circle that adds a tagline to a tweet. But I”m not informed enough to know the UI requirements and limits.
Thanks for all you do.
You’ve changed the discourse for the better.
And made the world a bit better place by doing so.
Source date (UTC): 2023-05-06 18:00:34 UTC
Original post: https://twitter.com/i/web/status/1654909033101262849
(Rumination on the deterministic centralization of banking)
Well, you know, I’m on the optimistic side, and I thought there was at least a reasonable chance the feds could get ahead of this self-created contagion so that it wouldn’t spiral very quickly, but you can see where this banking episode is going, employment is going, the workforce threat is coming from, the demographic threat is coming from, strategic threats are coming from, and I think the ‘experiment’ with Keynesian limits – much of which occurred in my lifetime – is on the way to being over. It’s no solace that Austrians get to say “I told you so” as we did in 2008.
Between JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, Morgan Stanley, BlackRock, and Visa we might as well nationalize it all. Because the “Red State Banks” are going to have a really hard time pretty soon.
Unfortunately, the govt is too slow with FEDCOIN. And the blue-red-grey war in culture and Congress is so divisive (and unresolvable and at least for the right, unforgivable), when combined with the complete impossibility of a democratic government with short-term service to produce and execute strategic planning outside of the military – means that nothing will change until a crisis occurs.
That said, I still don’t see how the world runs anywhere but the USA and the Dollar as this crisis and the subsequent decline of global trade contracts, and wealthy populations continue to collapse.
Source date (UTC): 2023-05-04 01:31:02 UTC
Original post: https://twitter.com/i/web/status/1653935231529889795
(Rumination on the deterministic centralization of banking)
Well, you know, I’m on the optimistic side, and I thought there was at least a reasonable chance the feds could get ahead of this self-created contagion so that it wouldn’t spiral very quickly, but you can see where this banking episode is going, employment is going, the workforce threat is coming from, the demographic threat is coming from, strategic threats are coming from, and I think the ‘experiment’ with Keynesian limits – much of which occurred in my lifetime – is on the way to being over. It’s no solace that Austrians get to say “I told you so” as we did in 2008.
Between JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, Morgan Stanley, BlackRock, and Visa we might as well nationalize it all. Because the “Red State Banks” are going to have a really hard time pretty soon.
Unfortunately, the govt is too slow with FEDCOIN. And the blue-red-grey war in culture and Congress is so divisive (and unresolvable and at least for the right, unforgivable), when combined with the complete impossibility of a democratic government with short-term service to produce and execute strategic planning outside of the military – means that nothing will change until a crisis occurs.
That said, I still don’t see how the world runs anywhere but the USA and the Dollar as this crisis and the subsequent decline of global trade contracts, and wealthy populations continue to collapse.
Source date (UTC): 2023-05-04 01:31:02 UTC
Original post: https://twitter.com/i/web/status/1653935231399784448
RE: “FDIC financing $50 billion to JP Morgan.”
The problem is the float. The float of the bank they’re taking over is gone – that’s the reason for their seizure. So for solving the problem for the government of keeping the bank alive, and preventing the need for the FDIC to payout on guarantees on the 250k limit (minimum but really all of it) while STILL having the bank fail, the FDIC instead, loaned JPM 50B so it would have the float (cash flow) to handle the seized biz, and to tolerate additional runs on that seized bank.
In other words, this was a good deal for everyone. Especially when it’s the fed that by inflation caused the bonds to be valueless and drove these banks under.
There are plenty of reasons to blame the industry for 2008. And yes, there is some blame here for failing to predict the increase in interest rates and the decline in value of bonds. But as far as I can see the system is working FAR better than in 83 or 08. And I’m kind of impressed really. (Tho it will continue to get worse over the next couple of years.)
Source date (UTC): 2023-05-01 18:01:45 UTC
Original post: https://twitter.com/i/web/status/1653097389031317516
Replying to: https://twitter.com/i/web/status/1653001447250821126
RE: “FDIC financing $50 billion to JP Morgan.”
The problem is the float. The float of the bank they’re taking over is gone – that’s the reason for their seizure. So for solving the problem for the government of keeping the bank alive, and preventing the need for the FDIC to payout on guarantees on the 250k limit (minimum but really all of it) while STILL having the bank fail, the FDIC instead, loaned JPM 50B so it would have the float (cash flow) to handle the seized biz, and to tolerate additional runs on that seized bank.
In other words, this was a good deal for everyone. Especially when it’s the fed that by inflation caused the bonds to be valueless and drove these banks under.
There are plenty of reasons to blame the industry for 2008. And yes, there is some blame here for failing to predict the increase in interest rates and the decline in value of bonds. But as far as I can see the system is working FAR better than in 83 or 08. And I’m kind of impressed really. (Tho it will continue to get worse over the next couple of years.)
Reply addressees: @toodarkmark
Source date (UTC): 2023-05-01 18:01:45 UTC
Original post: https://twitter.com/i/web/status/1653097388905472001
Replying to: https://twitter.com/i/web/status/1653001447250821126
INSTITUTE LIFE IN A NUTSHELL 😉
(institute humor)
Martin: “I may not be available for the working session tomorrow, will let you know when I know for sure.”
Curt: “I know. You have to keep that stable of women satisfied. It’s a hard job. But we’re rooting for you. ;)”
Martin: “Come on, Curt, I would never miss an opportunity to correct you and question your most basic assumptions for two hours just deal with a stable of women.”
Curt: “… ouch … 😉 “
Source date (UTC): 2023-05-01 14:23:59 UTC
Original post: https://twitter.com/i/web/status/1653042587563876352
INSTITUTE LIFE IN A NUTSHELL 😉
(institute humor)
Martin: “I may not be available for the working session tomorrow, will let you know when I know for sure.”
Curt: “I know. You have to keep that stable of women satisfied. It’s a hard job. But we’re rooting for you. ;)”
Martin: “Come on, Curt, I would never miss an opportunity to correct you and question your most basic assumptions for two hours just deal with a stable of women.”
Curt: “… ouch … 😉 “
Source date (UTC): 2023-05-01 14:23:59 UTC
Original post: https://twitter.com/i/web/status/1653042587505139713
RT @ConceptualJames: American CEOs get bonuses to engage in racial discrimination and implement Critical Race Theory, DEI, etc., policies b…
Source date (UTC): 2023-04-30 19:24:28 UTC
Original post: https://twitter.com/i/web/status/1652755819488849921