Michael

One Thought.Third Light.
Nothing is the only nothing that doesn't exist.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇸🇻 El Salvador President officially signs bill eliminating all taxes on income, property, and capital gains for technology innovations.

[Michael @tobenwield13]

@WatcherGuru Lol I think they are thinking it's about to go up this year and gonna make a profit cause they sure holding alot more than that.... JS

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 Congress introduces bill proposing #Bitcoin mining can help achieve energy goals and grow the US economy.

[Cathie Wood @CathieDWood]

Why would regulators deprive US citizens of access to crypto assets, “insurance” born in the 2008-09 global financial crisis against the probability, hopefully low, that once again the Fed and regulators have made policy mistakes that threaten our well-being?

[Cathie Wood @CathieDWood]

Why have bitcoin and other crypto assets appreciated during this banking crisis? In our view and in contrast to those in the traditional financial world, many crypto assets face no central points of failure: they are decentralized, transparent, and auditable.

[Cathie Wood @CathieDWood]

Given this negative feedback loop, why will deposits flow back to regional banks? If they do not, then M2 growth is likely to accelerate further into negative territory for the first time since the 1930’s, putting significant stress on both commercial and residential real estate.

[Cathie Wood @CathieDWood]

Against depressed interest rates on the long-term assets they purchased during the coronavirus crisis, banks now are borrowing at ~4.5% to plug deposit outflows, causing net interest losses and lower earnings that will erode their equity and threaten their future.

[Cathie Wood @CathieDWood]

As a result, now that they can borrow at will from a government facility at ~4.5%, regional banks seem to be moving from a liquidity crisis to a slower moving solvency crisis.

[Cathie Wood @CathieDWood]

Now we are hearing anecdotes not only that businesses and individuals are hedging their fiat assets with some crypto assets but that they also are lowering risk and increasing returns by shifting from low yielding bank deposits into higher yielding money market funds, a win-win.

[Cathie Wood @CathieDWood]

Ironically, as crypto assets soared during the Silicon Valley Bank meltdown, this administration suggested that investors in regional banks - equity and bond holders - should prepare to be “wiped out” in the aftermath of an unprecedented 20-fold increase in the Fed funds rate.

[Fintwit @fintwit]

@elonmusk

[Dylan Ogline @DylanOgline]

Just saw somebody try to argue that minimum wage isn't supposed to be a living wage. That their small business can't afford to pay a living wage.

If the only way your business can exist is the exploitation of labor (aka peoples actual lives), then your business should not exist.

[Samuel Ramani @SamRamani2]

Russia’s actual historical borders

[MeidasTouch @MeidasTouch]

Holy shit. This is damning. A local news channel in Portland reported on Trump’s rollback of railway regulations in 2017 and warned about the danger. This needs to be shared everywhere. (h/t @patriottakes)

[Michael @tobenwield13]

@JeremyCorbell UAP: FACT OR FICTION? Why America Needs Space Weapons and How Fast Can we Get "THEM"?

[President Biden Archived @POTUS46Archive]

You shouldn’t have to pay an extra $50 to sit next to your child on the plane, pay a surprise “resort fee” for a hotel stay, pay $200 to terminate your cable plan, or pay huge service fees to buy concert tickets.

It’s time for Congress to pass the Junk Fee Prevention Act.

[DEZAXE⚡️ @Dezaxe]

#SHIB Now 13th Biggest crypto after flipping Litecoin

https://t.co/Z1cjYcBVW4

[The Virtual Resistance @TheVResistance]

Gran Turismo 7 running on VR vs Forza Motorsport running on VR:
#GranTurismo7 #PSVR2 #PlayStation5