Central banks are not immune to losses, but a CB automatically transfers the losses to individuals through depreciating the real value of their money. Balance sheets will not shrink properly without raising taxes, so the govt can pay its debt to the Fed...
https://t.co/a8GTj5ZQar
For Lebanon, a maritime boundary deal is better than none. But people need to understand what was agreed because it is being mischaracterized.
For example:
1. The parties did *not* resolve key economic issues related to hydrocarbon profit-sharing but deferred to a future date
@mazen_barbir@BATIEKH1@PierreLSE@masss11 It doesn't matter. It will converge to a level where it's useless as a currency, as it has always been. dollarization in all its aspects is already here
@Decafquest @FCSarah961016 @RedaM Slide 1: you’re fucked.
Slide 2: you’re more fucked now cause riad printed money as we speak
Slide 3: get the hell out
Choosing to be sane is an act or madness in itself. When sanity is a choice, the status quo is insanity.
Choosing sanity is being aware of the preconditions to be sane, and that you must deliberately satisfy them rather than simply being blessed with their spontaneous presence.
@Decafquest @FCSarah961016 Aam fakker fiya now eno shu baaed byenhaka econ ta yenhaka ma l we2e3 anyak mn hayalla te7lil. Ma 3abele 7allel eno mentek l wade3 w hiye wadha eno mentek setto
Drugs are more valuable to drug addicts than non-addicts. Imagine liquidity as a drug, present in abundance for more than a decade, with markets getting high on it.
What happens when the luxury of abundant liquidity gets taken away from an addicted system? Liquidity withdrawals.