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Balaji

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Everything is bust. Banks, commercial real estate, blue states. Hearing rumblings around insurance too. The printing will be on a historical scale. As will the desire to exit the printing. t.co/1CYulSV5PN t.co/ZQADD0jUZZ

about 1 year ago

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You can use a currency for finance. Or for trade. And that’s a different view of the world. Because China dominates global trade. And that’s how they’re quietly gaining. Despite no open capital account… RMB now beats EUR for trade invoicing. And is close to USD in this analysis. t.co/phSDYMZkYZ t.co/vQFCEacbE9

about 1 year ago

Incredibly impressive! The last piece would be the El Salvador residency-by-investment program. As I recall, they were going to offer permanent residency for $100k or 3 BTC. With that, El Salvador would have the necessary ingredients to become a tech powerhouse. t.co/jQOTyVdPTc

about 1 year ago

This also happened in Cyprus. A bank legally stole depositor assets. While running ads saying they were safe. The EU backed them up. So many stopped trusting banks. ~25% of deposits moved out. Much into physical cash. Mattresses became safer than banks. t.co/LzJfVE2FPN t.co/Fj1lBRb0uQ t.co/NeR0YAvXjO

about 1 year ago

US government confirms it will be legal to buy Bitcoin for at least a while. 🙂 t.co/IfYQLZkOBZ

about 1 year ago

Are we in the middle of a central banking crisis?

about 1 year ago

DID REPUBLICANS PAY FOR 2008? Let's revisit 2008. Lots of money printed. All good, right? Well, no. Someone was diluted. That's what inflation is. It's dilution. And maybe we can see *who* was diluted. In 2008, Republican and Dem districts were equal. See the outline of both… t.co/jw6reixXlP t.co/bWs6Hu8kW6

about 1 year ago

Now this is interesting! State-chartered banks could operate without Fed approval. You'd have to get into the guts of clearing and settlement, but perhaps states like Florida and Texas could keep the rails open even if the Fed wasn't very happy about it. t.co/oUAqrgQ3ck

about 1 year ago

Today it's red vs blue. Tomorrow it'll be orange vs green. Bitcoin maximalists vs dollar nationalists. The decentralized network vs the centralized state. t.co/51dUP0sd23

about 1 year ago

I disagree with some of the framing, but this video correctly summarizes four key points. 1) Fed rendered many banks massively insolvent 2) Fed is printing to cover that insolvency 3) They're also trying to block the exit to Bitcoin 4) And they're rolling out FedNow in July t.co/eRlW4A6zMM

about 1 year ago

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