💡 Money Printing Simplifiedckarchive.com/b/r8u8hoh2r48oec48nng83sx904666u7
1274 sats \ 10 comments \ @siggy47 5 May econ
Lavish is great this week. He starts off with the Jared Bernstein clip which is so good I think it could do permanent damage to the fiat system. If you haven't seen it, you're really missing out. Then Lavish goes on to explain what Jared couldn't.
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300 sats \ 4 replies \ @Undisciplined 5 May
TL;DR
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133 sats \ 3 replies \ @elvismercury 5 May
Haha, classic. Much wisdom in that movie. Unfortunately every woman ever in my life has hated it.
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282 sats \ 2 replies \ @Undisciplined 5 May
Clearly they don't deserve someone with your discerning taste.
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133 sats \ 1 reply \ @elvismercury 5 May
I keep pointing that out. Most of them have agreed, eventually, though they might have phrased it differently.
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228 sats \ 0 replies \ @Undisciplined 5 May
What are gonna do? Women just aren't creatures of pure reason like us.
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65 sats \ 0 replies \ @Coinsreporter 5 May
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64 sats \ 0 replies \ @Satosora 6 May
Very well explained. If only more people were aware of this. Maybe the general public could wake up a bit. I bet they would rush over to btc then.
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64 sats \ 0 replies \ @sancristrader 5 May
this graph shows that the M2 doubled in 9 years. Using compound formula, this corresponds to 8% yearly inflation, which tells me that the official inflation figures are semi-reasonable. They are inflated (pun intended) but not by order of magnitude.
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54 sats \ 0 replies \ @ed_zan84199 5 May freebie
Intresting
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10 sats \ 0 replies \ @BlokchainB 5 May
So, it is basically, you and me and others buying bonds directly in their IRAs, 401Ks, personal accounts, and indirectly through money market accounts (yellow area), US banks (green area), foreign central banks, i.e., Bank of Japan, Bank of China, etc. and other foreign buyers (brown area), and hold up, what's that blue area?
NOT ME NOT ANYMORE
But this is what pisses me off about the fed and this system.
Let’s say the US government says hey we got bonds to sell we are trying to feed kids at lunch time and the taxes are a little short. We are looking for $1000 with promise to pay back $1500 after 5 years.
I show up with my $1000 having mowed lawns and selling donuts on the weekend.
The fed shows up with bank reserves. Which allows them to buy this bond.
The auction is intense the highest I can go is $1100 because my mom gave me $100 for my birthday.
The fed can go to $1500 because you this whole thing with bank reserves
The Fed wins with a final bid of $1101. Gets the bond. I don’t having actually worked and sold good I can’t capitalize on helping the government and getting a return for helping the government feed the kids lunch.
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