Spain now requires 24h notice and a stated reason to withdraw over €3,000 in cash.
Noncompliance can trigger fines up to €150,000.
When access to your own money needs state approval, it's no longer yours.
@chrislhayes this has to be one of the dumbest recordings in history and demonstrates how little you understand about bailouts, history, and Bitcoin. I can’t imagine why MSNBC is hemorrhaging money and trying to find a buyer with quality journalism like this on display. #GFY
MSNBC's @chrislhayes spent 5 minutes tonight trying to frame the Strategic Bitcoin Reserve proposal as a "bailout to the crypto industry"
It's ironic because in reality, bitcoin is the one that would be bailing out the US government. Not the other way around.
It’s obvious who needs to go on @joeroganhq to talk about #Bitcoin and it’s not even close.
The obvious choice is @PrestonPysh
-Served in the military
-Runs the biggest stock investing podcast in the world for the last decade (The Investor’s Podcast/We Study Billionaires)
-Has ran a Bitcoin focused podcast for 4 years straight
-Can succinctly break down complex topics, is passionate, and also level headed when it comes to Bitcoin
NEW: Paper from the Minneapolis Federal Reserve states that "a legal prohibition against bitcoin can restore unique implementation of permanent primary deficits."
Without Bitcoin to contend with, they believe the debt can go up forever.
H/t @matthew_sigel
It’s not just the Fed Board that doesn’t understand this, anyone outside of gold bugs and Bitcoiners also seem to have no idea, specifically the people still purchasing government bonds.
One of the reasons there's a disconnect between consumers and economics about the level and importance of inflation, is because economics think of it in rate of change terms and consumers think of it in absolute terms.
Purchasing power of wages/savings is gradually lost forever.