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@ExponentialBTC
93,714 sats stacked
stacking since: #8306longest cowboy streak: 18
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10 sats \ 0 replies \ @ExponentialBTC 20 Jun \ on: The truth behind "stable" coins econ
We are witnessing the slye roundabout way of making the Fed less and less relevant and perhaps ultimately defunct.
This is the real reason Scott Bessent wants stable coins. He gets to be in control of the money supply and ultimately the interest rates.
That connects some dots in a way I hadn't considered before.
0 sats \ 0 replies \ @ExponentialBTC OP 17 Jun \ on: Iran's Bank Sepah branches close, Ansar Bank & Kosar Bank payment trxs declined bitcoin
Kind of hard to evacuate the city if you've no access to your funds.
Iran's Bank Sepah branches close, Ansar Bank & Kosar Bank payment trxs declinedxcancel.com/IranIntl_En/status/1934883111839387981
5 sats \ 2 comments \ @ExponentialBTC 17 Jun bitcoin
Lacy Hunt: Economy Is "Far Worse" Than Wall Street Thinks. Recession Odds >50%www.youtube.com/watch?v=6rDtOP4YE7g
0 sats \ 0 comments \ @ExponentialBTC 2 Jun econ
WHY are Airplanes Full of GOLD Crossing the Atlantic?!www.youtube.com/watch?v=CRt_Ld5vtHI
62 sats \ 0 comments \ @ExponentialBTC 14 May econ
Private Credit - The mysterious new industry cranking out billionaireswww.youtube.com/watch?v=aGEGE3po_Qc
110 sats \ 0 comments \ @ExponentialBTC 11 May econ
Your Bank Balance Is a Lie (and here's how they do it)www.youtube.com/watch?v=qjx_lACUsy8
161 sats \ 0 comments \ @ExponentialBTC 19 Apr econ
Prepaid card ponzi scheme results in bank run at Chinese Supermarket
822 sats \ 7 comments \ @ExponentialBTC 12 Apr econ
How Tariffs Will Transform U.S. Dollar Capital Flows Worldwide | Lyn Aldenwww.youtube.com/watch?v=TZN_eL_wubQ
431 sats \ 1 comment \ @ExponentialBTC 12 Apr econ
Trump Exempts Computers, Handsets, Chips From Reciprocal Tariff Blitzwww.zerohedge.com/markets/trump-exempts-computers-handsets-chips-reciprocal-tariff-blitz
218 sats \ 2 comments \ @ExponentialBTC 12 Apr econ
3 Shocking Truths Most People Don't Know About Money In Bank Accounts...www.zerohedge.com/personal-finance/3-shocking-truths-most-people-dont-know-about-money-bank-accounts
100 sats \ 0 comments \ @ExponentialBTC 11 Apr econ
21 sats \ 0 replies \ @ExponentialBTC 6 Apr \ parent \ on: 62.5% of US Consumers Live Paycheck to Paycheck charts_and_numbers
Living paycheck to paycheck means the funds from the one check are depleted by the time the next paycheck is received. For some, I suppose, they have part of their check go to retirement savings.
But the term generally refers to those where, if the next check doesn't come, life gets difficult. Fast.
These people don't have savings -- they live off their income, and have little-to-nothing to cover an emergency, nonetheless being able to get by for a while if the next check didn't come because of a layoff, or similar.
The Imminent Restructuring Of The Monetary Systemwww.zerohedge.com/markets/imminent-restructuring-monetary-system
159 sats \ 0 comments \ @ExponentialBTC 21 Mar bitcoin
42 sats \ 1 reply \ @ExponentialBTC 17 Mar \ on: What do you think a collapse in the dollar would actually look/be like? AskSN
"Tether"-ed to the Titanic
Yes.
Unlike physical notes and coinage, Tether works just as well when you need 8,000 of them for a burger as $8 of them.
Though when that time comes, if a typical person can still justify the expenditure for a burger, I wouldn't know.
27 sats \ 0 replies \ @ExponentialBTC 9 Mar \ on: Elon Musk is failing to cut American spending Politics_And_Law
Firstly, this article is nearly a month old now. Though I wouldn't doubt that current numbers show little has improved on the spending front.
Secondly, everybody knows the saying: change is hard. But change is also expensive (in one form or another).
I know many of the actions (cuts) taken so-far have been spot-on based on my personal anecdotal evidence (i.e., from those with the most hatred towards "Elon Mussolini", which is what I've heard them refer to him as).
10 sats \ 0 replies \ @ExponentialBTC 15 Feb \ on: Bank transfer in Germany cannot be reversed bitcoin
A reversal can be as simple as an agreement that in certain situations that two banks will adjust their ledgers accordingly, regardless of what the settlement network will permit.
Bank transfers are reversible, just not by powerless individuals.