This year, the ECB is celebrating 25 years of the euro. Politicians and officials of this dubious institution are probably the only ones in a celebratory mood, however, after the junk currency has lost 50% of its purchasing power in the short time it has been in existence. Well, printing money and financing debt with the printing press have their price! Incidentally, the junk currency lost 70% of its value against gold and 99.5% against Bitcoin, which, according to the officials of this 'bank', has no intrinsic value. A successful model for those who use it to get rid of their debts at the expense of the general public.
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749 sats \ 5 replies \ @0xbitcoiner 22 Feb
ECB reports record loss for 2023 as rate hikes bite, they still have the audacity to come here and spread shameless lies about Bitcoin. Have some decency !
https://imgprxy.stacker.news/NfjmNAyaPIeZ4YEayAUtvyaJ0b-0Soahf8pWhCTTB6o/rs:fit:1920:1080/aHR0cHM6Ly9tLnN0YWNrZXIubmV3cy8xNzA3Nw
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16 sats \ 4 replies \ @TomK OP 22 Feb
and the worst thing is: they are only surviving with their euro because they have been controlling the yield curve up to now, secretly financing the state, and then keeping the interest spread under control with the help of massive purchases of government bonds from the United States. if the Japanese raise interest rates and continue to exert pressure on the euro, the game is over.
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21 sats \ 3 replies \ @0xbitcoiner 22 Feb
All the elements are coming together for a perfect storm. It's a shame that the same people will always be the victims.
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32 sats \ 2 replies \ @TomK OP 22 Feb
yes, but sometimes these guys really get on my nerves! i can't tell you how many conversations i've had with German smart alecks about bitcoin and got nothing but this mild smile from heirs who've had the money of two successful generations fall into their laps and have no idea about this world. And then comes the moment when I look at my own life, started from my parents' bankruptcy, without any help, nothing, and then ask myself: isn't it fair if they are left out for once? when completely different people enjoy the happiness of the first hour?
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21 sats \ 1 reply \ @0xbitcoiner 22 Feb
Some people are born into wealth and privilege, and they never have to worry about the cost of living. They may not understand the value of life, and they may even take it for granted. This can lead to them making reckless decisions that put others at risk.
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32 sats \ 0 replies \ @TomK OP 22 Feb
that's exactly the point, and as far as i'm concerned: i grew up in very wealthy circumstances, and in the end had to witness the insolvency of my parents. but i never felt envy or resentment towards others afterwards. quite the opposite: it was a huge motivation to create something, to get back on top, also in the name of my family. i find this cynicism of wealthy heirs that i encounter today all the more terrible, which i can't understand at all and which in my opinion is always a sign of coming decline.
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21 sats \ 0 replies \ @justanumber 22 Feb
Obviously celebrating stealing from everyone, rather like a bunch bank robbers who just pulled off a major heist.
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