Auto the new subprime loan problem?

“Auto bonds increased in kind, as lenders packaged those loans together and sold them as securities on Wall Street, where ratings agencies labeled them as largely safe investments. According to Bloomberg News, lenders sold bonds containing $76 billion in subprime loans in 2021 and 2022. All of this was predicated on the belief that the vast majority of borrowers would continue to make their monthly payments. “Investors are always thinking they’re protected,” said Joseph Cioffi, a partner at Davis+Gilbert in New York who specializes in finance and corporate insolvency. “And the lenders didn’t seem like there was any concern either.””

TD, Schwab, Fidelity…sus

What be your own bank really means, it you have control over the circulating money supply.

Drag that supply down as demand decreases and you achieve price stability.

Keep it down as demand increases and you achieve a bull run.

Increase the supply with increasing demand and you achieve price stability and “bitcoinization”.

“He that wrestled with us strengthens our nerves and sharpens our skill. Our antagonist is our helper.”

Never outsource your conviction.

Vitalik Bawkerin - Eggthereum

Satoshi Bawkamoto - Bawkoin

Will space exploration be our great economic driver? Maybe that’s why there’s been such a push on “aliens”. To stoke the imagination. India landing in a lunar pole is big.

Plan before you need to plan.

Dirty secrets of economy,

Turns that body into GDP,

The bell curve blames the baby's DNA,

But test scores are how much the parents make.

“This evening, the Kansas bank commissioner closed Heartland Tri-State Bank of Elkhart. To protect depositors, the FDIC entered into an agreement with Dream First Bank of Syracuse, Kansas, to assume all of the deposits of Heartland Tri-State Bank. “

https://fdic.gov/news/press-releases/2023/pr23058.html