jack sparrow
322 posts


How to identity debt in the system?
1. The USA has created a credit of $100 trillion in their economy in last 60+ years.
2. Corporates raise credit via bonds.
3. Government raise credit via securities/bonds.
4. People raise credit via home loans, credit cards, car loans, education loans etc.
5. How do you maintain such a high credit?
6. You have to pay interest on this. Governments pay interest via more loans and more money printing. It creates inflation (hidden tax) in the system.
7. Corporates pay interest on credit. This is paid by earnings and more loans. This creates a drag on equity value.
8. People pay interest on credit. This is paid by more earnings and more loans. This creates a drag on future spending.
9. At all junctures, governments and corporates are not paying a dime rather the people and shareholders they represent, are paying.
10. It means that system will stop paying interest on credit if earnings decline due to unemployment or purchasing power declines due to inflation or productivity declines due to low consumption.
11. It means that at a 5% rate, interest payments on $100 trillion is $5 trillion per year. Whatever you earn, you have to deduct this big amount from your income.
12. USA has a GDP of $25 trillion. At a 2% growth, net national income is $0.5 trillion.
13. So, it means that their system is running on $4.5 trillion deficit per year.
14. Things are not different in China, Japan and Europe. What to talk of developed countries, things are not much different in developing countries.
15. The global credit is over $300 trillion that requires around $10 trillion interest payment. On a global GDP of $100 trillion growing at 3%, it means only $3 trillion. That creates $7 trillion deficit for global interest payments per year.
16. That is what means impending death of credit culture. That is why I say that Lender-of-last-resort (LOLR that is hidden operating system) has grown too old to continue.
17. This business-as-usual cannot continue. Only public blockchains can save LOLR from dying if they shift all the ledger entries from closed databases to open databases.
18. This will allow decent restructuring of value across assets like equities, bonds, derivatives, real estate and so on. The overall value will not collapse though certain segments will crash by 50% or so.
19. From this need, the next RWA (Real-World Assets) tokenization revolution would emerge that will cross $100 trillion in next 20 years.
20. Whether we like it or not, Crypto is the only saviour for this credit-driven system. Open your books to blockchains. Let people judge what needs to stay and what needs to go.
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@Runekoz_BTC @LeonidasNFT bro, alt season is about to start . the more u delay , more is loss for our community
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@LeonidasNFT If you are tired of projects with no solid ecosystem then follow @runekoz_btc
We use $DOG because its 100% fair and transparent. 🤝
Runekoz_btc@Runekoz_BTC
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The European Commission offered 𝕏 an illegal secret deal: if we quietly censored speech without telling anyone, they would not fine us.
The other platforms accepted that deal.
𝕏 did not.
Margrethe Vestager@vestager
In our view @X doesn’t comply with the DSA in key transparency areas. It misleads users, fails to provide adequate ad repository and blocks access to data for researchers. It’s the first time we issue preliminary findings under the Digital Services Act. 👇 europa.eu/!CGPVCV
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I was in a deep discussion with my guru who brought me into spirituality 15 years back when I had no idea about my career, and I had 3 backlogs.
I started out as a hacker when he pushed me in the right direction.
I asked him a question:
The attention span of people is reducing day by day, which is why the medium of information has shifted to short-form video content.
This is what he answered?
No, it's not like that. People have always had a short attention span, which is why we have always used quotes as life lessons.
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@simplykashif practically speaking, 50k qty is very much less for sell in comparison to its demand. they must sell more even by taking loan. this are results of centralization where the head of country dont want his citizen to think out of the box.
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Germany is left with 0 Bitcoin; they have sold their 50,000 Bitcoin.
The UK made a similar mistake by selling 395 tonnes of gold for just $3.5 billion to buy euro-backed assets. Today, the value of the 396 tonnes of gold is $28 billion.
The UK did this to win the general public's trust in EURO in 1999. But today, the UK regrets that decision, as the UK ranks 18th in terms of gold reserves with the central bank, while India ranks 9th.
Germany sold Bitcoin to maintain its people's trust in the German Fiat Standard, but we all know that Germany will regret this decision at some point in the future.
This event was significant as Bitcoin proved its resilience in terms of pricing. A massive dump in the shortest time possible couldn't damage Bitcoin.
So, in the Bitcoin Vs. Germany fight.....Bitcoin wins.

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As promised, every DIP on $DOG I'll be buying 100K
For full disclosure this is what I hold 1,300,500 #DOG bitcoin meme $BTC
I put my money where my mouth is. 🙌

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Repost if you would sign up for a @binance account if they listed $DOG
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@simplykashif sure,it will be done. biden will give car. and of course, trump will accelerate the car (without break)
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