marcusjh

Frontend developer || Insta: marcusjhdev   

I build websites and applications.

[Raoul Pal @RaoulGMI]

MOAR COWBELL AS ANOTHER ONE BITES THE DUST...

Well, it looks like $FRC will bite the dust this weekend, either ending up in the hands of the FDIC or a major bank (with FDIC/Fed support).

In an over leveraged world, where GDP isn't growing fast enough to pay the interest on the government + private sector debt, the government interest payments get shunted onto the Fed balance sheet and magically never need to get paid back.

MOAR COWBELL!

The monetization of interest payments is observable across the US, EU, UK, Japan and more. That is the bulk of the growth of the central bank balance sheets.

But from time to time something blows up (all banks in 2008, EU banks and Gov's in 2012, everything in 2020 and more banks in 2023).

Normally these events would allow for full equity and. debt wipeouts but due to the excessive financial linkages and daisy chains of collateral, these losses are now mutualized via QE.

Essentially, society takes the loss in terms of the debasement of the denominator (purchasing power of fiat currency) as the money printer brushes all sins under the carpet.

Government debt interest payments are also being mutualized via this same mechanism as the tax take is not enough to pay for the ongoing increase in the debt burden. Gov debts compound due to interest payments and non-payment of the debt itself.

The outcome is that the debt payments and bailouts are really mutualized amongst the 99% while the 1% asset holders see the value of their assets rise (due to the fall in the denominator).

Incomes are not linked to the balance sheet, nor are revenues. They underperform. DO nothing and get poorer. After all, an asset is future deferred consumption thus if you own less assets, your future self is poorer.

Only 2 assets outperform this debasement: Tech stocks and high quality Crypto. Crypto has by far the highest beta to the global central bank balance sheets.

Not Real estate, not gold, not SPX, not bond yields, not EM equities, not credit. They all perform in line with the central bank balance sheets, or underperform.

This insidious mutualization of debt is a game you can opt out of...

Bitcoin was literally invented for this and due to its fractionalization is available to anyone. ETH even offers you a yield on top.

Don't like crypto? Buy semiconductors or even NDX.

But if you do nothing or stick to your old strategies, you will be paying for the losses.

The G4 central bank balance sheet grows at 10% per annum since 2012. If your choice of assets don't make 10% per annum over time, YOU are paying for the systems losses. That is your hurdle rate or you are getting poorer every year.

Urgh. This is how the world works now.

[marcusjh @marcusjhdev]

@t3dotgg Docker 😬😬

[marcusjh @marcusjhdev]

Mahone alllllll day long

[Mr Black⁛ @MrBlackOG]

Who was the best detective

Mahone or Hank

[marcusjh @marcusjhdev]

@MichaelThiessen @vuejs Best framework to choose from imo. Nuxt too - amazing.

[flavio @flaviocopes]

Shout out to the developers working on weekends on their side projects. Is that you? 🫵🏼 promote your thing here 👇🏼

[marcusjh @marcusjhdev]

@flaviocopes 👀👀🤝

[Omar @TicTacTOmar]

MITCH MARNER ENDS IT 🚨

ARE YOU KIDDING ME!?

[Wes Bos @wesbos]

My DMs at 4am

[marcusjh @marcusjhdev]

Okay chatgpt is very good... And helpful.

[Madza 👨‍💻⚡ @madzadev]

21 tags that will reveal the hidden power of HTML (you will be surprised):

[Supabase @supabase]

Name a better FTP client. I'll wait.

[toxic king @toxicking]

If they’re called leggings why yo stomach in there

[FanDuel Sportsbook @FDSportsbook]

"England's World Cup chances on the line."

Harry Kane:

[flavio @flaviocopes]

This thing that Apple threatens to ban Twitter from the App Store is ridiculous.
But goes to show one thing, one more time.
We have it so good on the Web.
Being a Web Developer gives you so much power.
No gatekeeping.
The freedom we got on the Web is unprecedented.
Unrivaled.

[flavio @flaviocopes]

• Practice using a rubber duck. Get a plastic duck or perhaps your cat or anything near your desk. When you hit a problem, explain the problem to the duck. Many times the problem resolves itself.
• Walks or showers work wonders to fix problems. And sleep.
• Have fun!

[marcusjh @marcusjhdev]

@flaviocopes And importantly - Be honest with yourself, we all know deep down when we copy a line of code, or take a shortcut that we are robbing yourselves of a chance to learn. Don't take the easy route 👀

[marcusjh @marcusjhdev]

Good advice right here 🧐

[flavio @flaviocopes]

I worked as a Web Developer for the past 15 years.
I love being a Web Developer. I wouldn't do anything else.
Here are my 26 top tips for new and aspiring Web Developers 👇

[Bit Paine ⚡️ @BitPaine]

Satoshi Nakamoto, whoever or wherever he may be, has never - not even once - profited from the creation of #bitcoin.

Let that sink in.

[marcusjh @marcusjhdev]

@_Nick_Diller My internal dialogue is going non-stop all day everyday. I find for the most part it's a positive thing as I can second guess, contemplate and whey things up finding solutions through internal conversion. But if it does need turning off there is no better way than a float tank 👀