@nocsious3 Any comment on the credit suisse and deutsche bank situation?
Or, maybe there is no situation?
Or, maybe there is no situation?
Last edited:
Concerning 5 and 7. I can appreciate your position here. Pretty standard for modern economic theory. But most don't envision bitcoin replacing fiat. Just as an alternative money with different fundamental properties.
Fed is doing dollar swap lines with them.@nocsious3 Any comment on the credit suisse and deutsche bank situation?
Or, maybe there is no situation?
With Swiss central bank yes. Providing dollar liquidity has given them a chance to fire sale assets, but I don't think it's enough. It bought time. The dollar getting whacked Thursday was interesting. Japan has been forced to defend the yen at the expense of buying all their own bonds. That can't continue. For the first time in history the Fed is substantially negative cash flow, and their Treasury portfolio massively underwater. We may be very close to a new world. Which one do we get?Fed is doing dollar swap lines with them.
The Fed being negative cash flow doesnt matter much on their balance sheet, they just mark it as a deferred asset, but could effect congress ability to spend because their positive cash flow goes back to the treasury for spending, or so I hear. Operation twist is coming from the treasury, sell TBills and buy TBonds, but I think they are waiting for the Euro bond market to implode first. The dollar is likely not done mooning, and how ironic considering the thread we are in.With Swiss central bank yes. Providing dollar liquidity has given them a chance to fire sale assets, but I don't think it's enough. It bought time. The dollar getting whacked Thursday was interesting. Japan has been forced to defend the yen at the expense of buying all their own bonds. That can't continue. For the first time in history the Fed is substantially negative cash flow, and their Treasury portfolio massively underwater. We may be very close to a new world. Which one do we get?
TLDR, he is butthurt he was wrong. Cyrpto is a scam, who would have guessed.I literally have no idea what nocsious is talking about and I’m very confused
Its not a scam per se. But a LOT of people got burned trying to get rich quick by jumping on the bandwagon of something they didnt understand at all. And there were people taking advantage of that "greater fool" and greed to make money off them.TLDR, he is butthurt he was wrong. Cyrpto is a scam, who would have guessed.
I don’t understand my wife most times, does that mean I can close her accounts?Its not a scam per se. But a LOT of people got burned trying to get rich quick by jumping on the bandwagon of something they didnt understand at all. And there were people taking advantage of that "greater fool" and greed to make money off them.
Never invest in something you dont understand.