Trending Stocks 📈Innovating Beyond Traditional Banks - Brian Armstrong on Stripe
Liam 
I’m fascinated by Funny Money ideas that recycle themselves into mainstream politics every now and then, and Gerard Rennick’s new Party looks like it’s got great potential for some very freaky old ideas #FractionalReserve #PhobosHollow
Alexandra Beekers 🏳️🌈🌍“Unbundling payment from banking is crucial not only for innovation but more importantly for mitigating systemic risk and refocusing monetary policy toward ensuring price stability.”
#banking #fractionalReserve #finance
https://www.barrons.com/articles/svb-circle-payments-stablecoins-crypto-8ffba659?siteid=yhoof2
#banking #fractionalReserve #finance
https://www.barrons.com/articles/svb-circle-payments-stablecoins-crypto-8ffba659?siteid=yhoof2
WillowDID YOU KNOW: In the #USA, banks are NOT required to have even a dollar of customer deposit on hand. The #FederalReserve lowered the reserve requirement to ZERO three years ago during the early days of COVID lockdown.
https://www.federalreserve.gov/monetarypolicy/reservereq.htm
No wonder why we're in this mess again...
#fractionalreserve #svb #siliconvalleybank #signaturebank #bankrun #soundmoney
BeefskeetThe fed in 1993 on removing banking reserve requirements:
"this proposal would clearly eliminate the reserve tax, recent experience suggests that it would also engender a significant increase in volatility in the reserves market and seriously complicate... open market operations. Absent reserve requirements, the Fed Reserve would be unable to reinstitute an effective, reserves-oriented procedure to control
money growth if it ever deemed this action appropriate."
Niko LaamanenThe real reason why #bitcoin fiat valuation goes down. Most people own IOU's, not bitcoin. I fear this week is only the beginning of the reckoning of this reckless game of musical chairs. #Hodl on to your sats.
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RT @Hodlonaut
What if the reason bitcoin is still so cheap is that many many people are buying and holding bitcoin that simply doesn’t exist?
#FractionalReserve
https://twitter.com/hodlonaut/status/1591789640461295616
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RT @Hodlonaut
What if the reason bitcoin is still so cheap is that many many people are buying and holding bitcoin that simply doesn’t exist?
#FractionalReserve
https://twitter.com/hodlonaut/status/1591789640461295616
CryptoCoin ☑️Analysis of the Tether/Bitfinex NYAG Settlement
https://bennettftomlin.com/2021/02/23/analysis-of-the-tether-bitfinex-nyag-settlement
"Each quarter Tether will need to show the NYAG their reserves."
"This document revealed to me shocking inadequacies in corporate controls, management of reserves, and seems to show a pattern of corporate malfeasance."
#Bitcoin 
#Bitfinex #iFinex #Tether #USDT #BennettTomlin #BennettFTomlin #NY #NYAG #Settlement #Reserves #Deltec #NobleBank #CryptoCapitalCorp #CryptoCapital #Backing #Unbacked #FractionalReserve
