I'ld have linked to her PDF, but that requires some shitty pdf installer crap. SN presents this post of JPGs as a gallery that is as nice as any PDF/powerpoint viewer for viewing/navigating anyways.

I think the PDF can be accessed still here: https://media.libernet.app/s/57DTkL

Withdrawal Hold
Funds are available for withdrawal after 30 business days.

https://www.interactivebrokers.com/en/support/fund-my-account.php

What in the Sam Hell did I just watch?

Can you hear that hissing sound? That's capital flowing to where there are better returns.

Pension organizations hate having to compete.

Yup.

Texas is mostly unified, and their Fed district is nearly entirely the one state.

https://www.investopedia.com/articles/investing/061515/what-do-federal-reserve-banks-do.asp

Texas seceding from the U.S. entirely would not be surprising. And a lot sooner than 100 years from now.

California is not unified. And they are only one of 9 states in that Fed district.

I could see a handful of counties in SoCal (San Diego, Orange County, and some or all of the Inland Empire (Imperial, Riverside, San Bernardino) seceding from the State of California, but staying within the U.S. yet. But for 100 years from now though, a lot could change.

We are witnessing the slye roundabout way of making the Fed less and less relevant and perhaps ultimately defunct.

This is the real reason Scott Bessent wants stable coins. He gets to be in control of the money supply and ultimately the interest rates.

That connects some dots in a way I hadn't considered before.

Kind of hard to evacuate the city if you've no access to your funds.