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Consumer credit grew by an average of $30 billion per month through the first seven months of the year.
Revolving debt now stands at $1.137 trillion - above the pre-pandemic record.
Everyone that has USD debt is, in effect, short the USD.
#JesPoS seemed like less work. @krakenfx is in excellent hands with @DavidLRipley. I'll continue to be highly engaged as Chairman. Big thanks to the team for trusting me, our investors for taking a chance, and all my industry peers on the front lines. 🙇🏼♂️
https://t.co/CtqlNsBoF6
NEW POST: I fear global bank regulators (the BIS) are about to make a decision that will unintentionally “obsolete” the banks, by prohibiting a coming tech pivot...right as internet-native payment technologies are starting to scale. @ForbesCrypto#Bitcoin
https://t.co/NQH8JLSskG
The speed at which FX and rates markets are breaking is breathtaking. This is the ADXY (Asian currency Index). The is NO liquidity in dollars, anywhere. NONE. The US is 25% of global GDP, 100% of global GDP in debt and the US$ is 85% of all trade...BAD.