LowIQSloth @LowSloth
new trader of crypto currency coins (plan to 100x, currently down 98%) likes: larping, shit-talking dislikes: lactose Joined May 2021-
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I prefer to think that two weeks of price action means the great decoupling has happened and also that people who cannot stomach the exceedingly small risk of losing their bank deposits now prefer putting their savings into internet coins but that’s just me
I prefer to think that two weeks of price action means the great decoupling has happened and also that people who cannot stomach the exceedingly small risk of losing their bank deposits now prefer putting their savings into internet coins but that’s just me
but the existence of decentralized crypto assets with better understood supply dynamics can still be a helpful counterbalance (and check) on fiat currency imo rooting for nation-state fiat systems to fail often misses the point tbh crypto can’t replace them. not even close
more of this please!
NAILED IT: “In five years a number of banks will not be around because of blockchain technology.” -Joseph DiPaolo, Signature Bank CEO, 2018 bloomberg.com/news/articles/…
Calling US treasuries “the riskiest asset in the world” is objectively asinine. Balaji radicalizing himself in real time. Hate to see it.
Calling US treasuries “the riskiest asset in the world” is objectively asinine. Balaji radicalizing himself in real time. Hate to see it.
evergreen tweet
If managing inevitably uncertain interest rate risk seems impossibly difficult, I'd strongly advise against owning or running a very large bank.
If managing inevitably uncertain interest rate risk seems impossibly difficult, I'd strongly advise against owning or running a very large bank.
There is no group of people making the full recovery of SVB deposits less likely than the All In podcast vc crew screaming from a rooftop for a bailout and blaming…Ukraine???
If you don’t declare my bank “too big to fail” too, then the only banks left standing will be too big to fail totes
If you don’t declare my bank “too big to fail” too, then the only banks left standing will be too big to fail totes
Forget about the losses on securities, the true cause of Silicon Valley Bank's collapse is "cash burn": Money-losing companies who banked at SVB were taking money out to fund operations. They required constant inflows of venture capital funding which stopped, and... (1/4)
So maybe when these dudes start spinning government conspiracies and suggesting the big evil politicians are trying to steal your money, reflect, and consider that maybe they’re just bagholders. Taking the rest of the weekend off. 🫡
SVB was just a badly run bank that went bust. Happens all the time. What's special about SVB is that many influential people banked with them, and are now lobbying for special treatment. Let's hope our system is fair.
Looks like SVB held $120b in securities but basically didn't hedge their interest rate exposure. That's totally crazy. No wonder they failed.
tough one for the dickriders who had jumped to Elon’s defense because they just knew he was right and Halli was a lazy free-riding deep state liberal nazi or whatever
tough one for the dickriders who had jumped to Elon’s defense because they just knew he was right and Halli was a lazy free-riding deep state liberal nazi or whatever
🇫🇷Gen: Yakovleff, riffing off R. Aron: "If one has to be under an Empire, frankly I prefer to be under the American Empire, and I believe that's the case for most of the people who wear blue jeans, drink Coke, and love yelling at their deputies."
🇫🇷Gen: Yakovleff, riffing off R. Aron: "If one has to be under an Empire, frankly I prefer to be under the American Empire, and I believe that's the case for most of the people who wear blue jeans, drink Coke, and love yelling at their deputies."
The cost of US military aid to Ukraine is 25¢ per day per American For this investment Ukraine is dismantling the military of a top US adversary & China’s top partner There is no “forever war” because we aren’t fighting This isn’t a proxy war because Russia attacked Ukraine
This filing in the Dominion lawsuit against Fox News is one of the most remarkable documents I've ever seen. Filled with private texts between Fox stars like Hannity and Carlson, plus Murdoch, all admitting they knew Fox's stolen election claims were lies. int.nyt.com/data/documentt…
NEW: Elon Musk directed Twitter engineers to design a secret system to boost his tweets over everyone else's after his post about the Super Bowl did poorly compared to President Biden's: platformer.news/p/yes-elon-mus…
WOMEN👏DO👏NOT👏WANT👏FLOWERS👏THEY👏WANT👏FISHING LICENSES👏JUST👏TRUST👏ME👏ON👏THIS👏BRUH👏
So sudden cardiac deaths surged in 2020 (during COVID pre-vaccine), then dropped off as vaccine uptake increased, then surged again in Oct ‘21 (during the delta wave which was devastating for unvaxxed people). What does this prove exactly?
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