Vibhav Nigam

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Vibhav Nigam

Vibhav Nigam

@writeofcentre

Writer. Casual Day Trader. Ponderer.

Mumbai, India Katılım Şubat 2020
86 Takip Edilen16 Takipçiler
Vibhav Nigam
Vibhav Nigam@writeofcentre·
@TheOfficialSBI customer care closes the raised complaints without providing any solution and repeating methods that have failed to work consistently. @FinMinIndia
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Vibhav Nigam
Vibhav Nigam@writeofcentre·
@TheOfficialSBI u guys should just trash your YONO app. I’ve lost money to failed transaction carried out through the NPS contribution option under investments. The customer care doesn’t have the appropriate category for the complaint. Great progress for @_DigitalIndia @PMOIndia
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Vibhav Nigam
Vibhav Nigam@writeofcentre·
The branch people have no idea of what to do and nobody picks up the calls at the NPS department.
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Vibhav Nigam retweetledi
Balaji
Balaji@balajis·
Just as in 2008, the bankers lied. This time, the central bankers, the banks, and the bank regulators have lied to all dollar holders and depositors. This isn't your typical fractional reserve situation. The problem is that there isn't enough in the banks on a mark-to-market basis to cover withdrawals. They knew this through all of last year, and communicated it internally in their coded language. It's obvious from the graphs (see below). The central banks, the banks, and the banking regulators all knew a huge crash was coming — the phrase is "unrealized losses" [1,2,3,4,5]. But they never notified you, the depositor. Instead the regulators allowed banks to hide their literal insolvency in footnotes[6], until one guy figured it out[7]. It's Uncle Sam Bankman Fried. Just like SBF used your deposits to buy shitcoins, using accounting tricks to fool himself and others into using the money, so too did the banks. They all used the deposits to buy the ultimate shitcoin: long-dated US Treasuries. And they all got rekt at the same time, in the same way, because they bought the same asset from the same vendor who devalued it at the same time: the Fed. Specifically, as NYT admitted, banks "binged" on enormous amounts of Treasuries and other long-term bonds in 2021 when the flood of printed money cut off their typical demand for loans, and because they thought the Fed would keep interest rates low forever.[8]. And they had good reason to believe this. Powell said he'd be "patient" on rate hikes as late as Nov 3 2021[9]. Then he got renominated on Nov 22 2021[10], and hiked rates much faster than anyone had expected — which even Yellen[11] and the FDIC[12] admit caused the current banking crisis. Why did Powell delay? Probably for political reasons. Presidents don't like rate hikes[13], especially running into the election year of 2022. And Powell thought he could wait and just be like Paul Volcker[14], who was "firm" and then defeated inflation. But the world isn't an 80s rerun. Hiking from ten years of near zero interest rates in the 2010s was a surprise attack on every dollar holder. Economics isn't politics - the kind of insane flipflops you see in politics don't work when there are actual contracts involved. So anyone who bet on long-term Treasuries got killed in 2021. And now, anyone who bets on short-term Treasuries is going to get killed in 2023. The absolute worse place you can be is to have large amounts of assets locked up in three month treasury bills. The ~5% interest rate offered by big banks (G-SIBs) is a trap. Most fiat bank accounts are now a trap, for those countries whose central bankers followed the Fed. Check my references, I've provided quite a few. If you trust US bankers and US media, ignore me. Otherwise buy Bitcoin and get your coins off exchanges. #Bitsignal [1]: Fed, Sept 22: archive.is/1QA4q [2]: FDIC Nov 22: archive.is/ZBvli [3]: FDIC Mar 6 23: #selection-2051.175-2051.280" target="_blank" rel="nofollow noopener">archive.is/yxd1u#selectio… [4]: Fed Feb 1 23: #selection-5639.361-5639.378" target="_blank" rel="nofollow noopener">archive.is/nGpgk#selectio… [5]: Bank CPAs, April 22: #selection-2135.75-2135.152" target="_blank" rel="nofollow noopener">t.co/OlEnfFqb1N [6]: Insolvency in a footnote: #selection-811.0-811.40" target="_blank" rel="nofollow noopener">archive.is/0Jww3#selectio… [7]: Discovered online: archive.is/tfYIc [8]: Banks bingeing on bonds, but not because they want to Aug 25 2021: archive.is/CtW1B
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Vibhav Nigam
Vibhav Nigam@writeofcentre·
@vlebazaar_in @PMOIndia Guess what? The delivery of the item was yet again got cancelled by the courier service. How are the website owners not in the court already?
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Vibhav Nigam
Vibhav Nigam@writeofcentre·
@vlebazaar_in @PMOIndia I’m sure there are hundreds of people in this situation. We should all sign a petition against this business and for once not sit back after they resolve our specific issues to save face on Twitter. Their customer care people clearly know what they are doing.
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Vibhav Nigam
Vibhav Nigam@writeofcentre·
@vlebazaar_in I had to cancel all orders because none got dispatched. Now there’s money in the wallet but I can’t access it.
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Vibhav Nigam
Vibhav Nigam@writeofcentre·
@vlebazaar_in @PMOIndia this website is a clear scam meant to dupe people in the name of #DigitalIndia. They don’t deliver items and only give the option to get the refund in their wallet, as the option to get funds back in the source account gives an error.
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Vibhav Nigam retweetledi
Matt
Matt@matthewesp·
The new $1 Dollar Bill design looks pretty cool
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Elon Musk
Elon Musk@elonmusk·
If I die under mysterious circumstances, it’s been nice knowin ya
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neeraj arora
neeraj arora@neerajarora·
In 2014, I was the Chief Business Officer of WhatsApp. And I helped negotiate the $22 billion sale to Facebook. Today, I regret it. Here’s where things went wrong:
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Yuga Labs
Yuga Labs@yugalabs·
See you on the Otherside in April. Powered by @apecoin
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