This article fits nicely with my recent Lavish posts. Imagine the US government claiming, with a straight face, that treasuries are not a risk asset?
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95 sats \ 0 replies \ @Undisciplined 8 Apr 2024
The "risk free asset" myth has somehow managed to survive multiple credit downgrades.
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75 sats \ 0 replies \ @OriginalSize 8 Apr 2024
It's all relative and Bitcoin has less risk. There I said it.
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75 sats \ 9 replies \ @Bell_curve 8 Apr 2024
Bond prices have been stagnant or negative for 2 years
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20 sats \ 8 replies \ @siggy47 OP 8 Apr 2024
And, they were the cause of bank failures in 2023, yet the US govt says they are riskless!
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75 sats \ 0 replies \ @kepford 8 Apr 2024
Hold up, are you saying people from the government might be deceptive or gasp... Liars?
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75 sats \ 6 replies \ @Bell_curve 8 Apr 2024
I have a stupid question: how can there be bank failures when the federal reserve act was passed in 1913 to prevent bank failures?
What am I not seeing?
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10 sats \ 5 replies \ @siggy47 OP 8 Apr 2024
I know. Right? 😀
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75 sats \ 4 replies \ @Bell_curve 8 Apr 2024
And we can make a strong case that the federal reserve act is unconstitutional.
The whole convoluted arrangement is ridiculous
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10 sats \ 3 replies \ @siggy47 OP 8 Apr 2024
Definitely. The big banks own the fed. Once they lose power, maybe the argument might have a chance. That's a long ways off.
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