Replies (63)

When you reply to a note, boost it. Then it's a note Follow for productivity tips sigma bros πŸ‘Š
Default avatar
glaw 1 year ago
Now thats actually 🀣
Default avatar
glaw 1 year ago
Then its not funny anymore
Faroaldo's avatar
Faroaldo 1 year ago
Well, they bought them expecting their yields to go more and more negative…
or think that ecash, where the mint can produce more tokens than they can back with real bitcoin is a good idea.
I don't think so. They can provide dry powder and maybe some return over cash if interest rates fall. It's also a lot easier to buy bonds as an investor than hold cash, especially buying a global bond etf (vs trying to hold cash in multiple currencies).
Sawzall's avatar
Sawzall 1 year ago
Loved your broken money video! Sent it to all the people I gave a copy of your book to because I know they probably didn't read it (yet). Its so fucking hard to break thru people despite their unuitively knowing the money is broken (e.g. a dollar won't buy them a chicken wing anymore when it only used to be .25 every Wednesday! )
anon's avatar
anon 1 year ago
lol needed this πŸ€™
People in Italy buy barely positive bonds, but with a whopping 27% tax on return of investment and all the other smaller taxes, they are actually negative bonds. Imagine believing in this society.
It’s not always that simple. When you’re required to hold cash or cash equivalent assets as an investor or institution & savings accounts & overnight deposits yield -2% then a 2 year treasury yielding -1% is a money saver.
I just watch β€œeconomist” on the news talk about what’s gonna happen next with a dying system built on deception.
funny - i just spend 31 minutes watching your video on money from an X post - i switch over to Nostr and your thread pops up - easiest follow EVER!!
curt finch 's avatar
curt finch 1 year ago
did they literally have no other "risk free" place to pu the $? like it was a billion dollars and they couldn't do it with actual cash and they couldn't just put it in a checking account like the checking account will hold that much what did they really have no other options somehow?
↑