Don't celebrate because the fiat price goes up, for all we know it's just short term speculation.
People withdrawing fiat from bank A and moving it bank B doesn't fix anything.
People selling bank stocks to buy tech stocks doesn't fix anything.
Keep pushing for adoption and usage of Bitcoin, as it's only when enough people trade their fiat and their bank stocks for self-custodial Bitcoin that things will have a chance to be fixed. 🙏
Watching today's markets gyrations and MSM narratives change is going to be like watching monkeys trying to launch a rocket in space: so fucking dumb and pointless (even dangerous) but so entertaining.
Tech bros and VCs usually fighting each other (with soft gloves, ofc) for the best morsels of startups were crying their eyes out for a bailout, three days in a row, all in unison.
And they got what they wanted because mummy government can't afford to lose the support of her favorite children: in the Cantilionnaire's Family, we ALWAYS have eachother's back when the FIAT Faucet is in danger of being closed !
Meanwhile the average joe doesn't understand a thing about what's going on, and will be spoon fed the party line: "Banks are systemically important, so we're saving banks with this new marvel of financial engineering, AND we're not raising taxes!"
Average Joe is content with that: His money is safe, and his taxes are the same.
Meanwhile, he wonders why meat and eggs have become unaffordable and why soybug and crickets flour taste like shit... but at least he's now getting a 1% interest rate on his bank account's savings and can use his credit card to get a 19% loan to buy the stuff that inflated 10% since last year and will inflate 10% more this year.
Now I'm just waiting for Joe Biden to read his prompter later today to put the capstone on this shitshow.
Now the Captchas ask you to label AI generated images.
Which means humans are now basically the AI servants.
2023 new FED paradigm:
Create as many money printing programs as possible without mentioning the words “bailout” or “quantitative easing”.
“Chancellor on brink of twelfth bailout for banks.”
This is a test (Iris).
