POWELL: FED IS NOT DECLARING VICTORY OVER INFLATION yeah no shit, sherlock

FED CUTS BY 50BPS with “no financial crisis and no recession” They need LIQUIDITY

Is there a way to pin a note to your profile on Damus or any other Nostr app? I want to bring over all my great Twitter threads onto here, but I want to have a nice convenient place to store them so anyone coming to my profile in the future can just read all my best work

Our monetary system does not work how do you think it does. An economics courses they will tell you that when the Fed bank reserves, those bank reserves are multiplied out into loans which then create deposits. That view is incorrect. Reserves are strictly financial economy money and do not directly correlate to private credit creation with only one exception (Treasury General Account). In fact, in 1986 we had around $2.8 trillion of M1 money supply and yet bank reserves were only $39billion. Fast-forward to 2008 and money supply was sitting above $7 trillion and bank reserves had fallen to 10 billion. So if bank reserves don’t actually facilitate credit creation, then what do they do? Essentially, they act as accounting entries on bank balance sheet to settle interbank payments, But ironically, Banks can just use their own ledgers to settle directly with each other using cash. All of this changed in 2008 when the fed began their massive QE program and injected $2 trillion of bank reserves into the system in short order, stuffing the banks with a new asset that had to be parked somewhere. The rise in base money in the form of reserves, therefore flowed into the financial markets, equities, derivatives and bonds, and serve to ignite the most aggressive market in US stock market history.

in a world of debt, interest rates are a weapon

Why are there now 1000 reply guy bot accounts on NOSTR? It’s annoying as hell

Chinese buying is the main reason gold has been ripping, and as their economy slowly implodes, the trend should continue

once you awaken, you see the programming everywhere. everything you were taught was a lie. they control us because they control the money.

whenever someone tells me that a rising national debt is a sign of a booming economy, I accelerate the narrative “yeah 1 trillion in interest expense is good but man I can’t wait till we get to 10T. Or 100T. gonna be so bullish when we hit that” let’s push it until the argument collapses under its own retarded weight

Bullish economy activities

They can arrest the CEO of Twitter. They can’t arrest the CEO of NOSTR 👌 View quoted note →

So basically all GDP growth since 2020 is a result of debt creation? 🤯

All part of the dollar endgame 🔥 View quoted note →

"no fiat will replace the dollar as a world reserve currency" I never said one would 😉

A lot of people have been postulating… Is NVIDIA is running a massive accounting fraud?

Since telegram is basically compromised now it seems that we need a decentralized solution. Question for all of you, are NOSTR DMs secured with encryption? can someone running a relay access or read them?

This gave me a double take. This is Damus’ pop up when notifications fail to buffer

Yep we are live! Come in and hang! View quoted note →