Risk free return = return free risk
Lender of last resort = counterfeiting operation to backstop a Ponzi scheme
Fractional reserve = fictional reserves
Policy makers = central planners
Elites = parasites
Federal Reserve = the 5th plank in Marx’s Communist Manifesto
Fiat currency = government Chuck E. Cheese arcade tokens, confetti created from thin air
Interest rates = the price of money and most important prices in the entire economy, manipulated by central planners
Inflation = increase in money supply
Depositors = unsecured lenders to a bank
Bank deposits = IOU from a bank
Deposit insurance = false sense of security
Bail-in = using depositors funds to shore up a Ponzi scheme
Bank holiday = surprise restrictions on depositors to prevent them from fleeing
Haircut = theft
Regulations = anti-competitive barriers to entry to protect large incumbents and empower politicians
Official denial funds are at risk = confirmation funds are at imminent risk
NickGiambruno / Nick Giambruno
npub1wg…se082
2023-05-11 13:52:12
Author Public Key
npub1wgjh30uxvvepumxhl3qlfzmt4chueprxmcvrxyw0wjtv9m4w8zwq3se082Published at
2023-05-11 13:52:12Event JSON
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"pubkey": "722578bf8663321e6cd7fc41f48b6bae2fcc8466de183311cf7496c2eeae389c",
"created_at": 1683813132,
"kind": 1,
"tags": [],
"content": "Risk free return = return free risk\n\nLender of last resort = counterfeiting operation to backstop a Ponzi scheme\n\nFractional reserve = fictional reserves\n\nPolicy makers = central planners\n\nElites = parasites\n\nFederal Reserve = the 5th plank in Marx’s Communist Manifesto\n\nFiat currency = government Chuck E. Cheese arcade tokens, confetti created from thin air\n\nInterest rates = the price of money and most important prices in the entire economy, manipulated by central planners\n\nInflation = increase in money supply\n\nDepositors = unsecured lenders to a bank\n\nBank deposits = IOU from a bank\n\nDeposit insurance = false sense of security\n\nBail-in = using depositors funds to shore up a Ponzi scheme\n\nBank holiday = surprise restrictions on depositors to prevent them from fleeing\n\nHaircut = theft\n\nRegulations = anti-competitive barriers to entry to protect large incumbents and empower politicians\n\nOfficial denial funds are at risk = confirmation funds are at imminent risk",
"sig": "62995e503fc337a443e98e75a4187e22baea55f6e92b0bc6c17ddff2b73e5276273074f6353c35c60f95f86f367c441cadb68d6650a244b575103e3406b768c0"
}