Kurmis

@KurmisKur

looking for gems. in crypto since 2017

Earth

Joined January 2024

103 Following

28 Followers

298 Posts

KurmisKur retweeted

Jack Posobiec

@JackPosobiec

over 2 years ago

South Park - 1950s style Produced by AI

693

32K

KurmisKur retweeted

Kyle Chassé 🐸

@Kylechasse

over 2 years ago

One of the biggest things you should be following is the correlation between M2 Money Supply and #Bitcoin When there's a reduction in the money supply "contraction" we see negative price action for $BTC. The opposite applies when there's an increase in supply. M2 Money supply just increased.

Kylechasse's tweet photo. One of the biggest things you should be following is the correlation between M2 Money Supply and #Bitcoin

When there's a reduction in the money supply "contraction" we see negative price action for $BTC.

The opposite applies when there's an increase in supply.

M2 Money supply just increased.

122

24K

KurmisKur retweeted

Mickles @PacVotan

over 2 years ago

$jim @JimAIstudios Almost one year above support, tested now for the 3rd time. @jim showing strength and resilience. The best time to buy? Here! I see an ATH when the team unleashes all it's been working for soon. First AI casino is coming. And much more.

PacVotan's tweet photo. $jim @JimAIstudios
Almost one year above support, tested now for the 3rd time. @jim showing strength and resilience. The best time to buy? Here! I see an ATH when the team unleashes all it's been working for soon. First AI casino is coming. And much more. https://t.co/xNwDX7vHWM

245

KurmisKur retweeted

Cole Walmsley

@Cole_Walmsley

over 2 years ago

This is insane. This is INSANE. This is a blatantly obvious sign of the impending doom of the U.S. Dollar and all fiat currencies. *This is as important as anything you will read this year* The United States Treasury issues bonds and other investment securities. They call these, “treasuries.” The U.S. Treasury issues treasuries when the U.S. Federal Government spends past their budget, resulting in a “budgetary deficit.” The sale of treasuries makes up for the loss. The treasuries are sold and tacked on as debt. This is the substance of the big $34 trillion debt number in the United States. Key point: The U.S. Federal Government has been in a budgetary deficit in 49 of the last 53 years, with the last surplus year being in 2001. But yet, even in that 2001 “budgetary surplus” year, the total debt amount increased. Why? Because a whole bunch of debt from years past came due. The U.S. Treasury issues their treasuries with time periods of ownership ranging from 4 weeks to 30 years. So, in 2001, the government had debt coming due that was issued to investors in 1971, as well as 1981, 1991, 1994, 1996, 1998, 1999, and the previous year. The debt that was due in 2001 exceeded the budgetary surplus (debt issuance is not a part of the budget), thus, the government had to issue new debt to pay off the old debt, adding on further to the debt total. Key point: The U.S. Treasury, which is part of the U.S. Federal Government, has to sell new debt to new investors to pay off the old debt from old investors. This is because of 1) the constant budgetary deficits and 2) the debt from years past coming due. Key point: Being that the definition of a Ponzi scheme is, “An investment scheme where new investor money is used to pay off old investors.” …The U.S. Federal Government is running a Ponzi scheme. To the tune of $34.7 trillion, and counting. Trillion is just a word. Let’s make sure we note the significance. A *billion* seconds ago was 1993 (31 years ago). A *trillion* seconds ago was 30,000 B.C. And then multiply that trillion by 34.7. That’s the scale of the United States debt bill. But WAIT. It gets worse. Key point: The U.S. Treasury always has to have buyers of its debt, because if they don’t, they won’t be able to pay off 1) their deficit spending and 2) the old debt coming due (and the interest on the debt). If they fail to pay those off, the Government would default and collapse. Well, then, who buys all the U.S. Government debt? Key point: The largest buyer and owner of the U.S. Federal Government debt is THE U.S. FEDERAL GOVERNMENT THEMSELVES. Don’t trust, verify: TAKE A SECOND TO CONTEMPLATE HOW INSANE THAT IS. The U.S. Government spends in a budgetary deficit, then issues treasuries to pay for the spending, then, at a bigger rate than anybody else, buys the treasuries to cover the loss. An unbelievable Ponzi scheme. The U.S. Government is the director of the Ponzi scheme, the old investor, and the new investor. A true masterclass. But how do they do this? They have a money printer. It's that simple. The debt might as well not be real. Key point: The United States is not the only country that runs this playbook. 182 of the 222 countries in the world are in budgetary deficits. The Ponzi scheme is everywhere. The U.S. is the kingpin of the modern monetary world. They are the head honcho, the high priest, the big cheese. The current global financial economy is built on the backs of the United States. There would be a massive problem if the United States had debt buyer troubles. In short, an increasing amount of investors are growing scared of the United Stages debt situation, turning them away from the purchasing of U.S. Treasuries. Recent headlines: “Treasury bond auction runs into weak demand amid fears that soaring US debt will overwhelm Wall Street” -October 12, 2023 “30-Year Treasury Auction Breaks Bad, Sinks Stock Market” -November 9, 2023 “World to Drown in U.S. Debt; Moody’s Downgrades Country’s Debt” -November 17, 2023 “5-Year Treasury Auction was a Dud” -January 24, 2024 “Treasury's $16 billion auction of 20-year bonds produces 'very ugly' results” -February 21, 2024 "Highest Treasury Yields of Year Fail to Tempt Buyers to Auction" -April 11, 2024. With lower demand, and as quote tweeted below, the U.S. Treasury is starting a "treasury buy back operation," aimed to, as they say, "improve liquidity in the treasury market." What's really happening is that the Treasury is using their money printer to directly buy the treasuries they are issuing, ensuring those low demand treasury auctions don't continue. This causes inflation in the money supply, which is a dangerous outcome. Here's where the cookie crumbles: The United States central bank, the Federal Reserve, has a 2% inflation target. Inflation has not been at 2% recently, and, in fact, has been accelerating higher for three months in a row. The Federal Reserve has set high interest rates, currently at 5.25%, as a method of discouraging borrowing, spending, and taming inflation. But it's not working. And there's a bigger problem. Key point: The U.S. Federal Government pays interest to investors that own the treasuries, and this interest is part of the budget. Higher interest payments = more federal spending = bigger budgetary deficits = more debt issuance = higher supply of treasuries = lower demand = less buyers = Treasury printing = higher inflation = higher interest rates = higher interest payments. A catastrophic feedback loop. The interest paid out by the Federal Government has spiked in recent years: The United States Dollar is screwed. The Federal Reserve has set high interest rates to tame inflation, but that's not working. High interest rates are causing bigger interest payments, causing larger budgetary deficits. This is causing the U.S. Treasury to issue more debt, which investors are getting scared of (because of runaway inflation and compounding debt levels), which is now causing the Treasury to print money and provide "liquidity" to stabilize the treasury market, adding fuel to the inflation fire once more. The Federal Reserve can further raise interest rates to cool inflation, but that would increase interest payments and deficit spending, requiring even more debt issuance and "liquidity," which fuels inflation. An increase in interest rates could also cause a massive recession or depression, which would grind the economy to a halt, which would mean that the government is taking in less tax revenue, while still spending exorbitantly on entrenched government programs and stimulus, which would only increase budgetary deficits and debt issuance once more. The Federal Reserve can lower interest rates, but that would immediately cause an uptick in inflation, as people are encouraged to borrow and spend with lower interest rates, which would then force the Fed to raise interest rates again. The Federal Reserve can admit defeat and raise their inflation target to 3 or 4%, but that would signal that the system is failing, which would cause a further loss of confidence, which would result in less treasury buyers, resulting in more inflation, and would create demand for higher interest rates (because treasury investors want to keep up with inflation), which, again, causes bigger interest payments and so forth. This is a debt spiral. There is no way out. You are witnessing it live. These are years that will go down in the all-time history books. Every fiat currency has failed, and for the same reason. Turning on the money printer is too tempting. Don't forget, the U.S. Government will never let the treasury market fail, because that would result in an automatic default on the debt and an unbelievably chaotic avalanche of collapse. They will always turn to the money printer to bail things out. The Treasury will continue to print more money to keep the system afloat, as evidenced by their upcoming "buy back operation." But inflation is the fatal flaw. The Ponzi scheme is in its final chapter. The endgame is here. The inflation train has left the station, and it's never coming back. Covid put the ruin into hyperdrive. Inflation ran away, now it cannot be tamed. It is feeding on itself, and will continue to do so, over and over, gradually, then suddenly. And then, poof. It's gone. Worthlessness. If you haven't noticed, the U.S. Dollar has been heading toward the "worthless" direction for quite some time. It is inevitable. The U.S. Dollar, and all fiat currencies, will die. The Phoenix will then rise from the ashes. An innovative, specifically designed, global, unprintable, unable to be manipulated, verifiable, instantaneous, digital monetary system will emerge, unchained from the grasp of bankers and governments, once and for all. ...and the world was fixed. Fix the money, fix the world. #Bitcoin

Cole_Walmsley's tweet photo. This is insane.

This is INSANE.

This is a blatantly obvious sign of the impending doom of the U.S. Dollar and all fiat currencies.

*This is as important as anything you will read this year*

The United States Treasury issues bonds and other investment securities.

They call these, “treasuries.”

The U.S. Treasury issues treasuries when the U.S. Federal Government spends past their budget, resulting in a “budgetary deficit.” The sale of treasuries makes up for the loss.

The treasuries are sold and tacked on as debt. This is the substance of the big $34 trillion debt number in the United States.

Key point: The U.S. Federal Government has been in a budgetary deficit in 49 of the last 53 years, with the last surplus year being in 2001.

But yet, even in that 2001 “budgetary surplus” year, the total debt amount increased.

Why?

Because a whole bunch of debt from years past came due.

The U.S. Treasury issues their treasuries with time periods of ownership ranging from 4 weeks to 30 years.

So, in 2001, the government had debt coming due that was issued to investors in 1971, as well as 1981, 1991, 1994, 1996, 1998, 1999, and the previous year.

The debt that was due in 2001 exceeded the budgetary surplus (debt issuance is not a part of the budget), thus, the government had to issue new debt to pay off the old debt, adding on further to the debt total.

Key point: The U.S. Treasury, which is part of the U.S. Federal Government, has to sell new debt to new investors to pay off the old debt from old investors. This is because of 1) the constant budgetary deficits and 2) the debt from years past coming due.

Key point: Being that the definition of a Ponzi scheme is, “An investment scheme where new investor money is used to pay off old investors.” …The U.S. Federal Government is running a Ponzi scheme. To the tune of $34.7 trillion, and counting.

Trillion is just a word. Let’s make sure we note the significance.

A *billion* seconds ago was 1993 (31 years ago).

A *trillion* seconds ago was 30,000 B.C.

And then multiply that trillion by 34.7.

That’s the scale of the United States debt bill.

But WAIT. It gets worse.

Key point: The U.S. Treasury always has to have buyers of its debt, because if they don’t, they won’t be able to pay off 1) their deficit spending and 2) the old debt coming due (and the interest on the debt). If they fail to pay those off, the Government would default and collapse.

Well, then, who buys all the U.S. Government debt?

Key point: The largest buyer and owner of the U.S. Federal Government debt is THE U.S. FEDERAL GOVERNMENT THEMSELVES.

Don’t trust, verify:
TAKE A SECOND TO CONTEMPLATE HOW INSANE THAT IS.

The U.S. Government spends in a budgetary deficit, then issues treasuries to pay for the spending, then, at a bigger rate than anybody else, buys the treasuries to cover the loss. An unbelievable Ponzi scheme.

The U.S. Government is the director of the Ponzi scheme, the old investor, and the new investor. A true masterclass.

But how do they do this? They have a money printer. It's that simple. The debt might as well not be real.

Key point: The United States is not the only country that runs this playbook. 182 of the 222 countries in the world are in budgetary deficits. The Ponzi scheme is everywhere.

The U.S. is the kingpin of the modern monetary world. They are the head honcho, the high priest, the big cheese.

The current global financial economy is built on the backs of the United States.

There would be a massive problem if the United States had debt buyer troubles.

In short, an increasing amount of investors are growing scared of the United Stages debt situation, turning them away from the purchasing of U.S. Treasuries.

Recent headlines:

“Treasury bond auction runs into weak demand amid fears that soaring US debt will overwhelm Wall Street” -October 12, 2023

“30-Year Treasury Auction Breaks Bad, Sinks Stock Market” -November 9, 2023

“World to Drown in U.S. Debt; Moody’s Downgrades Country’s Debt” -November 17, 2023

“5-Year Treasury Auction was a Dud” -January 24, 2024

“Treasury's $16 billion auction of 20-year bonds produces 'very ugly' results” -February 21, 2024

"Highest Treasury Yields of Year Fail to Tempt Buyers to Auction" -April 11, 2024.

With lower demand, and as quote tweeted below, the U.S. Treasury is starting a "treasury buy back operation," aimed to, as they say, "improve liquidity in the treasury market."

What's really happening is that the Treasury is using their money printer to directly buy the treasuries they are issuing, ensuring those low demand treasury auctions don't continue. This causes inflation in the money supply, which is a dangerous outcome.

Here's where the cookie crumbles:

The United States central bank, the Federal Reserve, has a 2% inflation target. Inflation has not been at 2% recently, and, in fact, has been accelerating higher for three months in a row.

The Federal Reserve has set high interest rates, currently at 5.25%, as a method of discouraging borrowing, spending, and taming inflation.

But it's not working. And there's a bigger problem.

Key point: The U.S. Federal Government pays interest to investors that own the treasuries, and this interest is part of the budget. Higher interest payments = more federal spending = bigger budgetary deficits = more debt issuance = higher supply of treasuries = lower demand = less buyers = Treasury printing = higher inflation = higher interest rates = higher interest payments.

A catastrophic feedback loop.

The interest paid out by the Federal Government has spiked in recent years:
The United States Dollar is screwed.

The Federal Reserve has set high interest rates to tame inflation, but that's not working. High interest rates are causing bigger interest payments, causing larger budgetary deficits.

This is causing the U.S. Treasury to issue more debt, which investors are getting scared of (because of runaway inflation and compounding debt levels), which is now causing the Treasury to print money and provide "liquidity" to stabilize the treasury market, adding fuel to the inflation fire once more.

The Federal Reserve can further raise interest rates to cool inflation, but that would increase interest payments and deficit spending, requiring even more debt issuance and "liquidity," which fuels inflation. An increase in interest rates could also cause a massive recession or depression, which would grind the economy to a halt, which would mean that the government is taking in less tax revenue, while still spending exorbitantly on entrenched government programs and stimulus, which would only increase budgetary deficits and debt issuance once more.

The Federal Reserve can lower interest rates, but that would immediately cause an uptick in inflation, as people are encouraged to borrow and spend with lower interest rates, which would then force the Fed to raise interest rates again.

The Federal Reserve can admit defeat and raise their inflation target to 3 or 4%, but that would signal that the system is failing, which would cause a further loss of confidence, which would result in less treasury buyers, resulting in more inflation, and would create demand for higher interest rates (because treasury investors want to keep up with inflation), which, again, causes bigger interest payments and so forth.

This is a debt spiral.

There is no way out.

You are witnessing it live. These are years that will go down in the all-time history books.

Every fiat currency has failed, and for the same reason. Turning on the money printer is too tempting.

Don't forget, the U.S. Government will never let the treasury market fail, because that would result in an automatic default on the debt and an unbelievably chaotic avalanche of collapse.

They will always turn to the money printer to bail things out. The Treasury will continue to print more money to keep the system afloat, as evidenced by their upcoming "buy back operation." But inflation is the fatal flaw.

The Ponzi scheme is in its final chapter. The endgame is here.

The inflation train has left the station, and it's never coming back.

Covid put the ruin into hyperdrive. Inflation ran away, now it cannot be tamed. It is feeding on itself, and will continue to do so, over and over, gradually, then suddenly.

And then, poof. It's gone.

Worthlessness.

If you haven't noticed, the U.S. Dollar has been heading toward the "worthless" direction for quite some time.
It is inevitable. The U.S. Dollar, and all fiat currencies, will die.

The Phoenix will then rise from the ashes.

An innovative, specifically designed, global, unprintable, unable to be manipulated, verifiable, instantaneous, digital monetary system will emerge, unchained from the grasp of bankers and governments, once and for all.

...and the world was fixed.

Fix the money, fix the world.

#Bitcoin

486

Kurmis @KurmisKur

over 2 years ago

This you need to know #mmri #finance https://t.co/009WixA9cj

KurmisKur retweeted

Ai Forward+

@AiForward_

over 2 years ago

WATCH‼️ “The US government can’t go bankrupt because we print our own currency” Why does the government borrow in the currency it prints out of thin air? Even the Chairman of the Council of Economic Advisors can’t explain it. 🙈 🤡 🙉

414

855K

KurmisKur retweeted

Massimo

@Rainmaker1973

over 2 years ago

A compilation of cooking tips you may not know [📹 gobye68] https://t.co/9W9frp0Iok

18K

13K

KurmisKur retweeted

Rager

@Rager

over 2 years ago

People have always bought crypto to make money, not because of the tech It's the narratives that drive the trends, and that's just not memecoins- that's AI, gaming, RWA... the list goes on Memecoins will trend up again cause people keep sharing the idea that somehow they're more likely to make you rich than other coins, which just isn't true You are more likely to get rugged though People act like somehow memecoins are organic and not-tainted by VCs (basically early insiders) which also isn't true - we've seen that on multiple memecoins this cycle You're no more likely to get rich on memecoins than you are AI, gaming, or other narrative coins The reason you buy anything is because you think you can make money on it, memecoins are no different than any other narrative Anyone who says otherwise is likely biased because they are exposed to memecoins and want their bags to go up People are going to buy whatever they think will make them money

101

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KurmisKur retweeted

Rager

@Rager

over 2 years ago

$BTC can certainly continue breaking down here, and take weeks a couple months to recover But there is also something to be said about the "bull" market where over the past year Bitcoin has broke below the daily structure support - only to reclaim and push higher soon after This time could be different and still possibility of lower $50ks an high $40ks but don't be shocked if Bitcoin ends up reclaiming that support level sooner than expected A retrace was needed and honestly the longer this takes to reclaim, the better it should be for crypto in general over the 2nd half of the year

Rager's tweet photo. $BTC can certainly continue breaking down here, and take weeks a couple months to recover

But there is also something to be said about the "bull" market where over the past year Bitcoin has broke below the daily structure support - only to reclaim and push higher soon after

This time could be different and still possibility of lower $50ks an high $40ks but don't be shocked if Bitcoin ends up reclaiming that support level sooner than expected

A retrace was needed and honestly the longer this takes to reclaim, the better it should be for crypto in general over the 2nd half of the year

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KurmisKur retweeted

Rager

@Rager

over 2 years ago

It's over, see you in 4 years

219

995

346K

KurmisKur retweeted

MartyParty

@martypartymusic

over 2 years ago

The 'banana effect' - 2011, 2014, 2019, 2022. If this plays out again we see Bitcoin $300k as the new high. Not financial advice - simply banana science.

martypartymusic's tweet photo. The 'banana effect' - 2011, 2014, 2019, 2022. If this plays out again we see Bitcoin $300k as the new high.

Not financial advice - simply banana science. https://t.co/CLLnQMX1wq

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337

297

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KurmisKur retweeted

Financelot

@FinanceLancelot

over 2 years ago

1998 - Asian Financial Crisis *Banks* (Liquidity Crisis) 2001 - Dot-com Bubble (Insolvency Crisis) 2008 - Lehman *Banks* (Liquidity Crisis) 2011 - European (Insolvency Crisis) 2020 - The "virus" *Banks* (Liquidity Crisis) 2024? - .......................... (Insolvency Crisis)

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KurmisKur retweeted

Jim AI Studios

@JimAIstudios

over 2 years ago

Ladies and Gents, We are proud to announce that @PraiseHimJim has been returned to his former glory! 👑 Times are tough, we feel everyone could use a little 'lift me up' and joy in their life! 🤗 Tag @PraiseHimJim in any post and he will be there to praise! 🫂 $Jim 🚀

JimAIstudios's tweet photo. Ladies and Gents,

We are proud to announce that @PraiseHimJim has been returned to his former glory! 👑

Times are tough, we feel everyone could use a little 'lift me up' and joy in their life! 🤗

Tag @PraiseHimJim in any post and he will be there to praise! 🫂

$Jim 🚀 https://t.co/xhjGLhNrcu

KurmisKur retweeted

Rager

@Rager

over 2 years ago

Most people don't realize the harm of increasing capital gains tax Many use the excuse "it's only for the wealthy" But it's not, the government wants you to think that "it's only for wealthy" so that you support it But think about it, this isn't tax on yearly income This tax is focused on long-term investments, primarily one of the only ways a middle or lower-class person can actually gain some financial freedom You'll now be penalized for using your money to make wise investments that allow you financial gains over time You're punished for seeking flight from the US dollar into other assets that out perform fiat instead of sitting in cash and losing value to inflation Instead of taking 15% to 20% for taxes, the government now wants closer to half your profits from your sound investment strategies, for fleeing their decaying dollar With access to investment platforms, the rise of cryptocurrencies, and the availability of alternative investment opportunities, people are investing more than ever before And don't think the government is blind to these financial opportunities to the average person that may be the only opportunity for you to get ahead, and they want to take that from you

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KurmisKur retweeted

//Bitcoin 𝕵ack 🐐

@bitcoinjack

over 2 years ago

Agriculture vs Energy Any idea what this is telling us?

17K

KurmisKur retweeted

Elizabeth Goitein @LizaGoitein

over 2 years ago

URGENT: Please read thread below. We have just days to convince the Senate NOT to pass a “terrifying” law (@RonWyden) that will force U.S. businesses to serve as NSA spies. CALL YOUR SENATOR NOW using this call tool (click below or call 202-899-8938). 1/25 https://t.co/HAOHURZoJQ

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