I hear there's a zappening coming?
Lucas X.
lufax@vida.page
npub1vv7k...dv5g
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%?
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?
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
Privatize gains.
Socialize losses.
I think the US government loves it, and proves it ever so often
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
If you make the bank fail, you'll lose your job - after collecting your annual bonus
"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*"
I tried to get funds to buy some sats yesterday.
I was only able to get them today after the pump ๐ญ
I love how 42 is 2 times our magical 21 as well as the answer to life, the universe, and everything