Amanda White

Proud member of #BAYC - diving into the vibrant world of #NFTs and embracing the power of blockchain. Let's sail together! ⛵️🎩

[Binance @binance]

Thinking of creating your own NFT?

If so, here's a good place to start 👇
https://t.co/NQDSGntJmX

[Binance @binance]

Today marks the 15th anniversary since Satoshi Nakamoto created the #Bitcoin genesis block.

One of the most significant moments in crypto history.

Happy birthday to Bitcoin! 🎂

[Amanda White @AmandaWhiteBAYC]

@TheStalwart ..that is right deposits are actually a combination of fiat money M0 and private bank credit (which are liabilities on a banks balance sheet). Now you see how banks use their credit that they can create out of thin are when then lend in order to increase the money supply....

[Amanda White @AmandaWhiteBAYC]

@TheStalwart ...this process thus leads to the slow (or maybe fast) disintegration of bank reserves and deposits in a countries banking system. Most G20 countries' money supply @90%+ is in M1 otherwise known as bank deposits (which in this case is an combination of cash + bank loans).....

[Amanda White @AmandaWhiteBAYC]

@TheStalwart ..or hold physical gold when saving instead paying a bank. At least gold has a long-term positive correlation to inflation (which will be much higher in any country that has NIRP since their currency will fall against those that have higher interest rates even higher NIRP)...

[Amanda White @AmandaWhiteBAYC]

@TheStalwart pass on this cost to depositors in order to retain its interest rate spread. This is a disincentive for bank depositors who may choose to put their cash into non-bank providers that are not part of the banking system or they may just deal in cash to settle their transactions...

[Amanda White @AmandaWhiteBAYC]

@TheStalwart So how does NIRP effect the payment system on which an entire economy depends on. Well If central bank no longer pay banks to hold reserves then banks will no longer deposit cash (fiat money) with said central bank or if it costs banks to hold cash with a central bank it has to..

[Amanda White @AmandaWhiteBAYC]

@TheStalwart ..offered to depositors (which the borrow) and the interest rate offered by central banks in holding reserves ( deposits lent to central bank).

[Amanda White @AmandaWhiteBAYC]

@TheStalwart ....a bank would normally be paid an rate of interest to hold reserves with a central bank thus their is a business model for banks to act as payment providers to economic agents such a private persons and businesses since they earn an interest rate spread between interest rate..

[Amanda White @AmandaWhiteBAYC]

@TheStalwart ....it is this "netting" that creates the system called fractional reserve banking, since banks only have to hold a fraction of reserves to fulfill these payments on a daily basis...

[Amanda White @AmandaWhiteBAYC]

@TheStalwart ....our payment system and NIRP: The payment system is the only reason for banking. It enables banks to facilitate the settlement of transactions between economic agents using bank credit. Bank credit is then settled between banks for central bank reserves using a netting....

[Amanda White @AmandaWhiteBAYC]

@TheStalwart A number of things that you completely overlook -maybe due to your lack of understanding of banking, which is not a criticism since most people;p even CFA's do not understand our payment system and banking, two different but interrelated things....

[Amanda White @AmandaWhiteBAYC]

@AnmarFrangoul .....very soon. Check out https://t.co/noM3qBqHwa

[Amanda White @AmandaWhiteBAYC]

@AnmarFrangoul ....these countries to build out this wind hub. It is below the radar but will be bursting onto the UK Power sector...

[Amanda White @AmandaWhiteBAYC]

@AnmarFrangoul I liked your CNBC article https://t.co/pbzQjRNgIL. A great UK based company is poised to enable....

[Amanda White @AmandaWhiteBAYC]

@jakejakeny America has to weigh up if it is more cost effective to have public insurance or private insurance to cover health care costs.

[Amanda White @AmandaWhiteBAYC]

@andrewmaguire1 ...in physical bullion on spot delivery terms (i.e.T+1). No futures contracts are involved at all.

[Amanda White @AmandaWhiteBAYC]

@andrewmaguire1 ...they don't seam to be related at all in my view. Fractional reserve bullion banking just settles a % of the unallocated trades..

[Amanda White @AmandaWhiteBAYC]

@andrewmaguire1 ...can you explain what the relationship is between fractional reserve bullion banking and the futures market is, since they don't ...

[Amanda White @AmandaWhiteBAYC]

@andrewmaguire1 read your post:https://t.co/DE0judjPHJ...