Something more is gonna warp out of control. Now is when things start to speed up. 🫣

It’s good for Bitcoin adoption

Maybe I can finally get some seed funding for my interactive NFT museum & cafe.

Nothing good, Preston.

I was thinking that too. Every bank will swap the bonds paying lower interest for bills paying higher interest. A wonderful arbitrage. A 25 billion facility will quickly turn into trillions. I almost wish I was a banker with all that free fiat to turn into bitcoin. 😂😜

Banks now shilling to raise rates to infinity. Doesn’t effect them anymore.

This is really unbelievable

So the Fed has your back on deposits to infinity….. just park as much cash as possible with the highest yield possible. 🤡 world continues.

There is no free market

Centrally planned solutions to problems their central planning caused. Why do we need bitcoin again?

Probably will transfer to CBDC soon so bank will have no liability

Anything to keep the Ponzi going, I guess…

God I can’t wait for a Bitcoin standard

🤔👀🤔

Preston always putting things in perspective! This seems like “the thing before the thing” kinda moment… they’ll find the new trick like CDOs and the market will rally and then we get the big crash.

The more I think about this, the more retarded it sounds. They can just swap their bonds for the newest issue that’s paying more.. ad infinitum (at least for a year).

Now their can fire their remaining risk managers and hire more DEI officers.

What did I miss??

They have gone full MMT

Your post is creating a lot of discussion. Added to the https://member.cash/hot feed

And it’s funded by the Exchange Stabilization Fund which was originally funded with FDR’s ill gotten $20>$35 gold profits. You couldn’t make this shit up if you tried.

Free lunch for everybody

Why do banks always get a mulligan while I have to play my triple bogey from the deep rough?

shareholders and debt in the capital stack got wiped out. deposits made whole. seems like the right policy

Banks are failing and the Bitcoin prices goes down. Shows how early we really are.

And deflation-hedged. At this point they can’t lose and money isn’t real. Not that it was real before, but it’s less real now. Really not real.

The patient is dead, no amount of epinephrine can bring him back to life, they are just financing alternatives like Bitcoin.

I've been wondering how "you will own nothing and you will be happy" may play out. Perhaps this is part of the attack on the index funds. It does seem like a way to extract value from them.