Le French Stench

Co-Founder of @WoWsNFT Collection. LHS Cardano Stake Pool :) Let’s Have A Positive Impact. Crypto Degenerate. Frog Nation 🐸

[Coinfessions @coinfessions]

I wish I never got on Twitter.

[Mac10 @SuburbanDrone]

Since 2008, bulls relied entirely upon just-in-time Fed bailout.

Now, their financial survival is 100% dependent upon "too big to fail".

Sad. But true.

[Nick Timiraos @NickTimiraos]

Deposits at U.S. commercial banks fell $98 billion between March 8 and March 15 (down 3.3% from a year earlier), but they rose $67 billion at the 25 largest banks https://t.co/H19pM0Jh95

[Balaji @balajis]

“jump into the abyss of uncertainty and chaos that is the world that…his comrades seek to bring about?”

@kofinas, you still don’t get it.
The Fed crashed the ship.
They caused their own banks to fail.
Bitcoin is the exit from their chaos.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 US banks borrowed $164.8 billion from the Federal Reserve over the past week, a new record.

[SHELDON EVANS @SheldonEvans]

@ZssBecker Agree. A full reversal into bull just does not make sense to me. Sure banks failing is a great narrative for BTC but…

BANKS ARE FAILING. The money that they want pumped into crypto literally doesn’t exist.

[Wu Blockchain @WuBlockchain]

Garry Tan, president of prominent start-up accelerator Y Combinator, said that “30% of YC companies exposed through SVB can’t make payroll in the next 30 days”, “this is an extinction level event for start-ups and will set start-ups and innovation back by 10 years or more”. https://t.co/Dtl9vY7Dyb

[Coin Bureau @coinbureau]

This isn't about $USDC or crypto. SVB was a bank that hundreds of companies relied on. They won't be able to make payroll now.

Moreover, bank runs have a tendency to spread. Which banks are next? The short sellers are already sniffing around those balance sheets.

[Wu Blockchain @WuBlockchain]

Decentralized stablecoins FRAX and DAI, which have significant exposure to Circle, both de-pegged and fell below $0.96. According to @karl_0x, FRAX has more than 80% exposure to Circle, DAI is close to 50%, while LUSD and RAI have no similar custody risk.

[Manchester United @ManUtd]

No stopping that ☄️

@Antony00™

#MUFC || #UEL

[Bob Loukas 🗽 @BobLoukas]

Choose to play when the odds are tilted. It’s just math.

[Riva @rivatez]

@ecb

[Alex Becker 🍊🏆🥇 @ZssBecker]

So people keep telling me real estate isn’t gonna crash more.

But…everyone has more debt than money and layoffs are starting….

And house are literally unaffordable and no one can afford the loan rates…

Who exactly is going to buy these homes at these prices?

[Michael Jackson @michaeljackson]

Michael Jackson on dealing with success: “Most important: stay humble…. even though you become powerful, or have power with people with your talent….underneath all that, be humble as a child, as a baby and be kind and giving and loving. Never become puffed up with pride.”

[Le French Stench @LeFrenchStench]

@subaruimpreza09 Thank you! Happy early birthday as well! 🙂

[Le French Stench @LeFrenchStench]

@subaruimpreza09 Mine is March 5th 🙂

[Gordus @medicgordus]

@tim_cook This is the most inspirational speech I've ever heard, really moved me to spend my life and not waste it: