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237 sats \ 1 reply \ @TheBTCManual 30 Sep 2022 \ on: What was the real reason for the Bank of England's gilt market intervention? bitcoin

in a debt-based system, there's always going to be someone who wants to redeem when there isn't enough liquidity, and to cover those redemptions, well more debt needs to be created, it sure is quite the clusterfuck

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25 sats \ 0 replies \ @0322ee777777 30 Sep 2022

100% endless cycle

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