Does your grandma own any bitcoin yet?

It is disheartening to observe a system wherein depositors, who may be unaware of their status as unsecured creditors to the banking institutions, are receiving a bailout from the very government that instituted the financial system.

Board of Governors of the Federal Reserve System

Joint Statement by Treasury, Federal Reserve, and FDIC

Washington, DC -- The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, ...

Just in: bank runs and mail ins around the corner Bill Ackman acknowledges the following on Twitter “From a source I trust: @SVB_Financial depositors will get ~50% on Mon/Tues and the balance based on realized value over the next 3-6 months. If this proves true, I expect there will be bank runs beginning Monday am at a large number of non-SIB banks. No company will take even a tiny chance of losing a dollar of deposits as there is no reward for this risk. Absent a systemwide @FDICgov deposit guarantee, more bank runs begin Monday am.”

Find out how to shield yourself from the upcoming bank bail-ins with these tips. 1. Spread your money across multiple financial institutions, but steer clear of those with massive derivatives or mortgage portfolios (usually larger banks 🏦). 2. Continue to monitor the stability of the banks. Financial statements, credit ratings, industry reports, & capital adequacy ratios (CARs). 3. Consider moving money out of the banks and into assets like #Bitcoin , gold, real estate, and cattle. 4. Keep in mind: FDIC insures up to $250k per depositor (not account). Last I checked they only have a little less than 130 billion for over 9 trillion insured deposits! 🤡

The fractional reserve system used by central bankers throughout the world is modern slavery. Except this way the slaves have to pay for their own room and board. In this system MONEY = DEBT. The only way to increase the money supply is to increase the debt. Because of interest there is no way to pay off all the debt and it becomes a game of musical chairs as we all struggle competing against each other with poverty built into the system. With an never ending debasing value of currency, no wonder it is called a RAT RACE. We are the losers in this system.  #bitcoinisfreedom

The fractional banking system is the crime of the century. We are all slaves to those who control the money. Capital controls labor by controlling wages. Because the only way to add to the money supply is through debt, the debt CANNOT ever be paid off. It was designed this way.

Deleted my other account when testing a nostr client functionality. Please give me a re-follow! 👍