@balajis's Latest Twitter Threads

The Fed was always the true vampire squid. The problem isn’t just the banks, it’s the central bank. t.co/Zgdty7O0cY t.co/sCOSvxRLSx

"History...tells us investors tend to flock into dollar-denominated assets during times of stress" No, take a longer historical lens. People exit devaluing currencies. That's the key difference vs 2008. USD is no longer too big to fail. Hope what comes next is BTC, and not RMB. t.co/ZOT2wOJceq t.co/dKtPFoz5i2

Think of the Fed and friends as the system administrators of Western fiat economies. With the press of a key they can seize, freeze, create, or inflate any fiat asset. But they can’t do that to Bitcoin. It’s outside their control. Instead, it’s under your control.

CENTRAL BANK DIGITAL CONTROL != CBDC Fednow is central bank digital control, even if it's not technically central bank digital currency. I strive to be precise. So, let me make some important clarifications about FedNow, in response to fair points from @jp_koning and… t.co/7JCQpyZYRW t.co/02vqhZwxet

Bitcoin is the exit. When the state fails, Bitcoin is still there. t.co/HlthveKjrf

The infinite money is here. How we got here is a matter for history. The question is how to get out. Fed is launching their CBDC in July. You have about 90 days to exit. After that, you’re trapped. In a devalued digital dollar. It’ll be digital lockdown. Or Bitcoin independence. t.co/F4mLJBuEmN

On the unfortunate rise of Chinese bank stocks, I linked a reference. See below. Now, of course I don’t want to be under a digital yuan dog collar. But Powell is devaluing the dollar. So if USD goes into that good night, you should want BTC over RMB. t.co/KYJxJuYXqV t.co/qPhf0j6ocj

Jason, I'm glad you recognize the distinction between reporting on the Fed’s crisis and causing it! While I have you…with zero personal animus, I’m going to need you to correct the record on something. And this is also addressed to @matt_levine and to a lesser extent… t.co/2rhA7SXDMX

Are we in the middle of a central banking crisis?

This is the BLM government. Mostly peaceful protests, mostly solvent banks. t.co/D35rUHvu0d