Borja Clavero Ugarte

[Borja Clavero Ugarte @borja_ugarte]

@TaylorLagace TikTok is everything that is wrong with human beings on a platform

[Borja Clavero Ugarte @borja_ugarte]

@BernardoKastrup Lovely, Bernardo

[Borja Clavero Ugarte @borja_ugarte]

@BenjaminRamm Why is it that information that is 'leaked' is always perceived to be 100X more valuable than publicly-available information, no matter how dubious? You have to explain this to me.

[Borja Clavero Ugarte @borja_ugarte]

@Rainmaker1973 A turd of a meteorite

[Borja Clavero Ugarte @borja_ugarte]

@dylanleclair @ProfessorWerner

[Valhalla Network @ValhallaDAO_]

We are here today at Token Summit Liechtenstein 🇱🇮 2022, discussing the latest topics regarding blockchain-based decentralized banking and economic reality with 500 participants. Feel free to reach out to us and discuss with us Valhalla DAO.

[Borja Clavero Ugarte @borja_ugarte]

@100trillionUSD The second, of course.

[Borja Clavero Ugarte @borja_ugarte]

@100trillionUSD Less than 6 months, like in previous cycles

[Borja Clavero Ugarte @borja_ugarte]

@M4K070 @sora_xor @polkaswap @TokenCeres @soraespanol @FearlessWallet @PSWAPCommunity @catswithouthats @ValhallaDAO_ @drinknoir Thank you Makoto

[Borja Clavero Ugarte @borja_ugarte]

@jameslavish I disagree. ISA annual rebalancing generally does not result in ISA balances moving to zero (Wolman, 2013: Eichengreen, 2014)

[SORA | The First Blockchain Monetary System. 天 @sora_xor]

Tune in and find out why "A lot of Austrians don’t know where their money comes from" explained elegantly by Borja Clavero Ugarte from @ValhallaDAO_, followed by an interesting discussion with @M4K070.

https://t.co/lNgWFIgnac 👈

[SORA | The First Blockchain Monetary System. 天 @sora_xor]

What prevents or constrains banks from creating an infinite amount of money? 💴

Borja Clavero explains now at https://t.co/wkBiY2oWUa 🎤

[SORA | The First Blockchain Monetary System. 天 @sora_xor]

Up next is @borja_ugarte! He'll be covering the topic of "The Nature of Current Accounts and What Allows Banks to Create Money" 💰

Borja is a PhD research student of @scientificecon and the CFO at @ValhallaDAO_

🎙 Live now at https://t.co/wkBiY2op4C

[Valhalla Network @ValhallaDAO_]

Why community banks?

Because they are much safer than big banks.

Because they hold much more capital (more than double).

And as a result can better absorb losses. Germany's community banks required no bailouts in 2008.

Here's our plan to develop these: https://t.co/GOR7qWneqs

[Valhalla Network @ValhallaDAO_]

@sora_xor @borja_ugarte @ProfessorWerner A great speaker line up! 😉👏🏼

[Valhalla Network @ValhallaDAO_]

What is myth and what is reality when it comes to the creation of money?

In this article, Valhalla Network CFO, Borja Clavero, takes you through what you need to know.

𝗦𝗽𝗼𝗶𝗹𝗲𝗿: When you deposit money in the bank, it is no longer yours!
https://t.co/fkJ6agzTa9

[Valhalla Network @ValhallaDAO_]

According to Prof. Werner, economies can only grow if banks lend for activities that contribute to GDP.

Bank lending for non-GDP activities only increases debt.

Resulting in ever-higher debt-to-GDP ratios and leading to crises and recessions.

What are GDP +ve activities? 👇

[Valhalla Network @ValhallaDAO_]

Modern banking is broken. The incentives are all wrong.

Valhalla Network aims to correct this by establishing a global network of community banks.

To find out how and why, read the thread below 👇

Or download our whitepaper now at https://t.co/GOR7qWmGAU

[Valhalla Network @ValhallaDAO_]

Our founder Prof. Richard Werner on how Valhalla Network will set up community banks to serve as centres for sustainable economic growth by focusing on lending to local small & medium sized enterprises in an ethical manner.

Find out more here: https://t.co/kqN0DUm5hJ

[Valhalla Network @ValhallaDAO_]

"Small banks reject loan applications less frequently than big banks. The three most commonly cited reasons for denying a loan were borrower financials, credit history, and collateral." Source: Kansas City Fed, Small Business Lending Survey, June 2020