@porterstansb Because everyone wants the most desirable financial collateral in the world?
Yes, that sounds right.
English
Operation Epstein Fury
3.1K posts
Operation Epstein Fury
@dlawbailey
Internet Crank
Seattle Katılım Ekim 2008
170 Takip Edilen71 Takipçiler
Serious question. Serious answers, please.
Why would anyone lend money to the U.S. federal government? It hasn't been able to balance its budget in 25 years. It can't reliably pay its employees. It is $40 trillion in debt currently, with its credit rating being downgraded and its borrowing costs soaring. And it is running a ~$100 trillion (!) ponzi scheme, where benefits ratchet higher automatically each year without any matching revenue hikes.
If you were going to lend the government $10k for 10 years, what terms would you demand?
For me? 10% a year. Gold contract.
Now apply that to the $10 trillion+ in required borrowing for the next 12 months.
We're bankrupt.
English
Central banks are government monopolies that socialize losses while privatizing profits for their banking cartel partners. When you eliminate market competition, you eliminate market discipline.
Free banking means banks compete for your deposits by offering better service, higher interest rates, and sounder monetary policy. Bad banks fail. Good banks thrive. Scotland's free banking era (1716-1845) produced zero bank failures and stable currency.
The Federal Reserve cartelizes banking, bails out reckless institutions with your tax dollars, and inflates away your purchasing power to fund government spending. Competition works. Monopolies don't.
English
@DougHenwood I suppose they would be safer if there were no Palestinians and only IDF forces there.
Wait a minute...oh, never mind.
English
For their safety says the gov.
Israel Police Block Jerusalem's Latin Patriarchate From Palm Sunday Mass at Church of the Holy Sepulchre - Israel Security haaretz.com/israel-news/is…
English
Why?
Michael Haynes 🇻🇦@MLJHaynes
JUST IN: Israeli Police prevented Cardinal Pizzaballa from entering the Church of the Holy Sepulchre today, as he went to say Mass. @LPJerusalem calls it a “grave precedent” which “constitutes a manifestly unreasonable and grossly disproportionate measure.” Full statement from @LPJerusalem below —— Joint Press Release The Latin Patriarchate of Jerusalem and the Custody of the Holy Land Holy City of Jerusalem Palm Sunday, 29 March 2026 This morning, the Israeli Police prevented the Latin Patriarch of Jerusalem, His Beatitude Cardinal Pierbattista Pizzaballa, Head of the Catholic Church in the Holy Land, together with the Custos of the Holy Land, the Most Reverend Fr. Francesco Ielpo, OFM, the official Guardian of the Church of the Holy Sepulchre, from entering the Church of the Holy Sepulchre in Jerusalem, as they made their way to celebrate the Palm Sunday Mass. The two were stopped en route, while proceeding privately and without any characteristics of a procession or ceremonial act, and were compelled to turn back. As a result, and for the first time in centuries, the Heads of the Church were prevented from celebrating the Palm Sunday Mass at the Church of the Holy Sepulchre. This incident is a grave precedent,and disregard the sensibilities of billions of people around the world who, during this week, look to Jerusalem. The Heads of the Churches have acted with full responsibility and, since the outset of the war, have complied with all imposed restrictions: public gatherings were cancelled, attendance was prohibited, and arrangements were made to broadcast the celebrations to hundreds of millions of faithful worldwide, who, during these days of Easter, turn their eyes to Jerusalem and to the Church of the Holy Sepulchre. Preventing the entry of the Cardinal and the Custos, who bear the highest ecclesiastical responsibility for the Catholic Church and the Holy Places, constitutes a manifestly unreasonable and grossly disproportionate measure. This hasty and fundamentally flawed decision, tainted by improper considerations, represents an extreme departure from basic principles of reasonableness, freedom of worship, and respect for the Status Quo. The Latin Patriarchate of Jerusalem and the Custody of the Holy Land express their profound sorrow to the Christian faithful in the Holy Land and throughout the world that prayer on one of the most sacred days of the Christian calendar has thus been prevented.
QST
@pinatubo2007 @RnaudBertrand If the Gulf countries join the war the Strait will stay closed for months. They know it so they won't join.
The problem with the Strait is not a lack of ordinance deployed, clearly.
English
@RnaudBertrand That was Iran's doing. And when they did it, they declared war on the world. So it's lights out for the Mullahs. And bombing Oman, UAE, Kuwait, Saudis, Qatar....Really, really, really stupid. Now Gulf states will join the war. The Strait will be reopened.
English
The objective of the war has become undoing the consequence of the war.
The stupidest war in history.
English
@Handre Medicaid - saves thousands of lives, protects the most vulnerable among us.
English
@Handre The National Parks Service - protecting the irreplaceable crown jewels of our country.
English
@Handre The NIH - tiny outlay, huge results for mankind.
English
@Handre Why let polluters tax their community with filth?
English
@infraa_ @LukeGromen The petrodollar is not really that important. All the oil and gas sold internationally probably adds up to about $2-4 trillion. There are
$14 trillion in eurodollar deposits and eurodollar credit is what people use to buy oil - and most other things internationally
English
Entire premise of the Petrodollar was:
1. You sell oil in USD & recycle revenue into USTs
2. We provide you with security guarantees
That foundation is shaky (at the very least), given Iranian hits on GCC
Will they have a change of heart?
As @LukeGromen says: 'lets watch'
English
While DXY strength & real rates matter...
GCC are almost all pegged to USD. Given the share of energy exports (in USD), this eliminates currency risk for exporters/govts & stabilizes govt finances
Those exports just cratered due to SoH and the war so the pegs must be defended
Kashif Raza@simplykashif
GOLD IS FALLING — BUT NOT FOR THE REASONS MOST PEOPLE THINK. Everyone is watching the price. Almost no one is watching the driver. Here’s what’s actually crushing gold right now 🧵👇
English
@DEhnts @FortuneMagazine It's amazing.
Sure, if we insist on funding the government the way we do now the numbers get a little unwieldy, but we don't have to keep doing that.
People just don't realize how big the dollar system really is.
English
Big headline, @FortuneMagazine:
"The Treasury just declared the U.S. insolvent. The media missed it"
Just one question.
When will you put on the opinion piece to explain why this is utter nonsense?
fortune.com/2026/03/23/us-…
English
@pinatubo2007 @LaNativePatriot Won't the $14 trillion in eurodollars have the shrink first?
BTW, no sign of that happening. Every sign that the dollar will expand its reach.
English
@LaNativePatriot We cannot really know when the collapse will happen because denial and repression are powerful unconscious forces that protect us from anxiety, but when confidence in the dollar and the USA fails, banks, corporations, small business and government will collapse. BE WORRIED.
English
“The Republicans will fix it this time”
“The Democrats will fix it this time”
English
@infraa_ The "failed Treasury auction" scenario never, ever comes to pass because it's complete bullshit.
Treasuries are by far the most valuable financial collateral in the world and there is a perpetual shortage of them.
Treasury auctions are purely about price.
English
Energy Crisis = Sovereign Debt Crisis?
This week the US treasury department sold $750 billion in sovereign debt, into one of the weakest bond markets we’ve seen in years… and it didn’t go well.
In fact, it was pretty horrible.
youtu.be/2Ewg77MzHEg?si…
YouTube
English
@Nich_Van_Orton3 @Handre The dollar is the strongest currency in the world by far. That why such an enormous percentage of global commerce is done in dollars, specifically eurodollars.
English
@Handre Why do you all prophets of whatever FX bullsiht you spew never ever mention the Pound? As far as I can recall, and I have studied a little, the GBP is still the strongest currency in the world...and has been so for over 200 years...so learn more history,. educate yourself
English
Every fiat currency in history has collapsed. The Continental, assignats, Reichsmark, Zimbabwe dollar — all worthless paper. The dollar has lost 96% of its value since 1913. Gold has preserved wealth for 5,000 years. Sound money isn't optional; it's inevitable. Tick Tock.
English
@Handre Nonsense.
Look at the eurodollar. The dollar has expanded beyond the Fed system to the tune of $14 TRILLION.
That is the opposite of collapse.
English
@Economics21st @ProfSteveKeen @RelearningEcon @gabriellf2181 True, a bank deposit is just an IOU. But not all IOUs are equal. If a non-bank writes an IOU, it's just debt. When a commercial bank writes an IOU, society accepts it as the medium of exchange. Even the Bank of England confirms: banks don't lend deposits, they create them.
English
@RelearningEcon If, for Marx, money is a commodity and its value is determined by socially necessary labor time, what explains the value of fiat money?
English
@Economics21st @ProfSteveKeen @RelearningEcon @gabriellf2181 Banks have to be, by definition, net creditors to the rest of the economy. They have to produce massive amounts of (mostly) unfunded assets or the rest of the economy can't fund or sell goods and services.
English
@dlawbailey @ProfSteveKeen @RelearningEcon @gabriellf2181 If a bank creates $100m in deposits, in exchange for $100m in loans, it's risking a $100m loss, not $10m.
Specifically, if all the borrowers default, the bank has gained $100m in liabilities, but no assets. That's a $100m hit to its net worth.
English
@Economics21st @ProfSteveKeen @RelearningEcon @gabriellf2181 No, the default rate impairs the balance sheet but when you can create assets that are only 90% funded it's an amazing advantage.
There are reasons that banks operate under different rules from other kinds of firms.
English
@Economics21st @ProfSteveKeen @RelearningEcon @gabriellf2181 Converting flour (or any good or service) is (usually) converting something fully funded into a contingent 30-60-90 day contingent asset.
The MAJOR difference is that bank loans are not fully funded with cash.
English
@Economics21st @ProfSteveKeen @RelearningEcon @gabriellf2181 Whereas a bank securitizing a loan creates 90% of the deposit/liability, sells the liability, funding it completely in the marketplace with real, private cash, pockets the profit and makes more loans.
The conversion of created cash to real cash is incredibly profitable.
English