Day to day happenings in security, governance, DeFi, smart contracts, upgrades, scalability, and proof of stake on the Tezos Blockchain.
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Part 2 - Quantitative Inflation - How is the 2020 Financial Crisis Different?
At the beginning of the financial and liquidity crisis of 2020, the Federal Reserve and the U.S. Treasury greatly expanded economic stimulus activity first introduced during the 2008 financial crisis.
Countries around the world are becoming net sellers of US treasury bonds for different reason. From BRICS nations shifting their trade focus to other currencies, to European and Asian currencies coming under inflationary pressures causing their central banks to act.
The US has exported inflation to other countries through trade deals requiring partnered countries to hold US treasuries. This has kept the USD high while lowering costs of goods through global supply chains.
At what point could the US default on debt obligations? Debt interest rates will be rising as they roll forward with current borrowing rates, drastically increasing servicing costs. In 2021, it was widely speculated that a federal funds rate of 5% or higher could cause default on some debt obligations without "printing" more money to service.
This is why people jokingly call fiat currencies reliant on debt a Ponzi scheme.
ChatGPT-4V Multimodal decodes a Redacted government document on a UFO sighting released by NASA.
I have tested this on 100s of redacted documents and I can say we are in a new world.
We are happy to share the first beta version of the #Tezos NFT live feed, we were hacking on for the last two weeks.
Give it a shot here 👉 https://t.co/K2YNUE7DtT
This is the the day of the foxes. Passive income to all Degenfoxes holders. Floor at 15, these are good opportunities. Take them, this project is one of the best on Tezos. The ecosystem will just expand and those income ❤️#Tezos@TezosDegenClub#NewProfilePic#NFT#NFTs#cleannft
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To all the degens on #solana , #tezos never stops as a blockchain and you can play a lot more games on https://t.co/hna0z9j7A5 along with the famous #Coinflip .
@ApeinsWLs We are conducting an investigation into crypto scams on social media platforms. We are interested in speaking to you because we suspect you are a part of this practice. Please DM us.
The Simple Herald is BACK and on a mission to restore honest journalism and clean up the media. We'll be following all current events, so you can have confidence in what's being reported!
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