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Lucas X.
lufax@vida.page
npub1vv7k...dv5g
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lucasx 2 years ago
I hear there's a zappening coming?
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lucasx 2 years ago
Question for the experts: If the bonds that SVB had are now worth $0.80 for every $1, and the FED is willing to pay (or loan) the full $1 for it now, does that pervert present value such that future $1 is now $1.25 and the FED screwed everyone by 25%?
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lucasx 2 years ago
Let me get this straight. SVB bought bonds at low interest rates. FED hiked the rates. SVB's bonds are now worth less (proportional to the hiked rate). FED is willing to make up for the discounted price. Does that mean that the FED effectively just doubles it's expected inflation for the period?
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lucasx 2 years ago
Act 1: Bankers take the profits. The people share the losses. Act 2: People call for public-banking only. Act 3: Introduce CDBCs Final act: And we are trapped by the government Their banks, and their keys
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lucasx 2 years ago
Privatize gains. Socialize losses. I think the US government loves it, and proves it ever so often
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lucasx 2 years ago
I think I too wanna run a bank. Best enterprise ever. No downsides. Annual bonuses. If I fail, I lose my job but keep my money. No jail time
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lucasx 2 years ago
If you make the bank fail, you'll lose your job - after collecting your annual bonus
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lucasx 2 years ago
"We just insure 250k, so be careful. However, if you are greedy, we'll reward you by paying out 100% - just this time - *wink wink*"
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lucasx 2 years ago
I tried to get funds to buy some sats yesterday. I was only able to get them today after the pump ๐Ÿ˜ญ
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lucasx 2 years ago
I love how 42 is 2 times our magical 21 as well as the answer to life, the universe, and everything
โ†‘