Roberto Rios (Peruvian Bull)'s avatar
Roberto Rios (Peruvian Bull)
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A Roman Bull Head from 147 AD. finance & monetary economics. Link in bio for all my work
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peruvian_bull 7 months ago
Bernanke also flew to Japan in July 2016 and basically helped them formulate yield curve control Japan is the monetary experimental proving ground for the rest of the developed world View quoted note →
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peruvian_bull 7 months ago
Video finally out! Japan is dying. What does it mean for the global bond market??
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peruvian_bull 7 months ago
the bank of england LITERALLY published a research paper in 2014 describing how banks create deposits out of thin air when they loan money, and how central banks modulate this supply of credit (and therefore money) via interest rates... and finance bros STILL don't believe it image
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peruvian_bull 7 months ago
I don't know when Powell will talk, but i do know where: In De basement.
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peruvian_bull 7 months ago
Yes I want bitcoin to win I want to live in a financial system where people cannot get wealthy off of Cantillion effects Where poor people can’t get screwed over by overdraft charges and predatory loans Where we don't all work for money that they print out of thin air Where banks don't get infinite bailouts whenever they fuck up Where entire nations are not enslaved by debt Is it so bad to want this system to change? And if not, ask yourself who is opposing this? And why?
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peruvian_bull 7 months ago
Bitcoin is now an asset that can be borrowed against for mortgages ⚡️ image
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peruvian_bull 7 months ago
Gold cannot be money because it is infeasible for micro transactions in the modern digital economy Are you going to walk around paying flakes of gold for your coffee or some takeout? You won’t, which is why you’ll put it back in the hands of centralized custodian who will issue you paper Which brings us all the way back to square one with the Fiat fractional banking standard
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peruvian_bull 7 months ago
In gold terms we’re broke This is why millennials and gen z are so infuriated image
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peruvian_bull 7 months ago
the difference between china and japan is that despite the fact that both countries have huge amounts of USTs, built up from decades of surpluses with the US and other countries transacting in USDs, is that in china most of the USTs are held by the central bank while in japan they are mostly held by retail investors. although large asset managers could hypothetically take control of the holdings of their clients and dump them in order to raise USD liquidity to stave off issues with the yen, this would be blatantly anti capitalistic at a time when japan needs a new trade deal with the US to secure their trade surplus as they muddle their way through a rice shortage. in china, the story is much different. since the bonds are held by the PBOC and the Chinese Ministry of Finance, they can be used in a form of economic warfare, if the Chinese want to employ the nuclear option and fire sell their $1T+ of treasuries and cause rates to go parabolic within days but, it's unlikely they will exercise this option, given the damage that it will cause to the domestic Chinese economy as the CCP is dealing with the fallout from the collapsing housing market and the subsequent unwinding of the shadow banking system. quote below via Weston Nakamura image
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peruvian_bull 7 months ago
Can someone explain this civil war that’s going on in bitcoin core? What is Knots and what are the proponents of it trying to do? Totally lost rn
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peruvian_bull 8 months ago
War is hell And Israel is leading us right to the gates of Hades