pv & gm to everyone except for bankers

Never forget

I get that there is a human side to bank runs and no one wants individuals to get hurt financially, but how can anyone be for a bailout? Have we not learned anything from 2008? If one bank gets bailed out, why not the next? Why stop at banks, why not all industries? If the government comes in to socialize all losses, what's the difference from nationalizing that business to begin with? These actions aren't free and aren't without consequence. For a lot of us, the bailouts and TARP were the very reason that we're here right now and to push all that aside and to advocate for those same actions again just doesn't make any sense to me.

I made this almost exactly 10 years ago today. Even the most "healthiest" banks out there are susceptible to failure just by the simple act of people withdrawing their own money. No bank has enough money to pay all of their customers.

Today I learned that the Chief Strategy Officer at Circle is also part of WEF. All the better that they collapse.

Shitcoins just shitcoining

Zaps ⚡ are my stable coin

BTC is trading 5% higher on Gemini right now vs other exchanges. I wish I had a good way to take advantage of this arbitrage opportunity and add 5% more to my stack.

Pura Vida everyone. Hope you're having a good weekend and that you aren't holding onto any (un)stable USDC.