Any Bitcoiners out there hand crafting shoes for sale?

Power that survives is not power for its own sake - it's power that serves something real.

Well that was pretty cool! Easy as pie, thanks to my @AQUA Wallet 🤙

Happy Steak N Shake day everyone

Own the money that can’t be printed. Own the time that can’t be stolen. Own the future they can’t control. Buy ₿itcoin.

We are up and running 🧡⚡💨💪 @Solosatoshi.com 🇺🇸

Ok, serious question here. If there was a "BITCOINER STARTER PACK" that could be purchased from a local bitcoin shop.. What would all be included in this starter pack? #AskNostr

Remember, foreigners have to recycle their trade surpluses back in USDs in order to settle global trade and hold enough currency reserves in their central banks. (Historically they have done so by buying US Treasuries since these are considered risk-free assets) This is an easy way to earn yield on a massive amount of USDs that have built up on their balance sheet. After the 2008 GFC the US government borrowed a lot to fund TARP and increase unemployment benefits. The majority of this borrowing was backed up from foreign creditors purchasing the US Treasuries who bought around 70% of the new debt issued, the Fed bought most of the rest. However, since 2015 foreign banks have eased up on their purchasing of US treasuries and foreign purchases flatlined and no net increases for several years. This is surprising given that the trade deficits were still increasing, so the US was still sending out more dollars into the world than it received. US debt ballooned to $9trillion but foreigners only bought 14% of that from 2018-2022. This was a drastic decrease from their buying in previous years. America has taken on too much debt and at the time rates were too low, so foreign banks did not buy their usual amount of US treasuries. But they still had to recycle their dollar surpluses effectively, so they bought assets denominated in USD. (Equities, real estate etc) So they have started massively investing in US assets. US owns 29trillion in foreign assets while foreigns own 42trillion in US assets. This represents a whopping 60% negative NIIP and has fueled the creation of a massive stock and real estate bubble domestically. All this has boosted growth in the past but also creates systemic risk. With foreigners owning so much in US assets it means a large proportion of wealth creation is being siphoned off overseas and doesn't recycle back into America communities. This contributes to wealth inequality all over the globe and creates the potential for a massive rug pull on the American economy. If foreigners began to lose confidence in the US economy they could essentially begin a run on the dollar. This would begin by massive selling of US treasuries but could spread to stocks and real estate causing widespread deflation much worse than 2008. The FED would then be faced with the grim choice of either letting $42trillion of US assets be fire sold into a new great depression or ramp up QE to bride the assets on sale. Untold trillions of dollars would need to be printed. This would make the current QE program look like a joke in comparison. Most foreigners don't want to invest in US assets especially treasuries, but are forced to die to the structure of the system and the fact there is no good alternative for now...

Since the almighty greenback is the Global Reserve Currency (GRC), it is widely for a variety of purposes, including: Settlement of Trade Invoices, bills, etc are settled in dollars Foreign exchange reserves for central banks (think BoJ using USTs to prop up the dying Yen) Lending for International Debt and Loans IMF, World Bank, and others lend to sovereigns in dollars Foreign currency exchange (Forex) Most currency pairs are quoted against the dollar (e.g., EUR/USD, USD/JPY), making it central to global FX markets. Outright Dollarization Some countries use the U.S. dollar as their official currency (e.g., Ecuador, El Salvador) or alongside their local currency. Remittances & Cross-Border Transfers Dollars are widely used for sending money across borders, particularly in developing countries. Safe-Haven Asset Feature During crises, investors buy dollars for safety, causing global capital flows into U.S. assets like Treasuries. Eurodollar Market (perhaps most important of all!) U.S. dollars dominate SWIFT transactions, international bank reserves, and offshore banking systems- the offshore system is called the Eurodollar market. USDs are lent into existence by foreign banks and used to finance global commerce. (Banks in Pakistan lending eurodollars to oil refiners in Iran for trade, for example)