This guy is calling a hospital on behalf of a new mom who was charged $1,847,392 because her baby was premature and needed to stay alive long enough to come home.
The itemized charges are dystopian. $37,464 for heel sticks on a premature infant, $58 every time a mother held her own baby skin-to-skin in the NICU, $312 for discharge teaching on how to sponge bathe a preemie and $27,590 for phototherapy lights. That’s before even getting into the NICU bed charges.
Our medical system is one of the most corrupt, exploitative and evil rackets in the world.
Banks earn 4.4% on reserves parked at the Fed...
They pay you 0.01% on your savings account.
And now they're lobbying Congress to make sure stablecoins can't offer you anything better.
The GENIUS Act already settled this. Congress spent months hashing out a compromise. Stablecoin issuers can't pay interest directly, but platforms and third parties can offer rewards. Done. Finished. Everyone shook hands.
That was a few months ago.
Now the banking lobby wants to reopen it. They're calling it a "safety concern." They're worried about "community bank deposits."
Independent research shows zero evidence of disproportionate deposit outflows from community banks. Meanwhile, the big banks are sitting on trillions in reserves, collecting interest from the Fed, passing almost none of it to customers.
How this plays out for the most part is that your bank takes your deposit, parks it at the Federal Reserve, earns 4%+ on it, gives you basically nothing. A stablecoin platform wants to share some yield with you and suddenly that's a threat to financial stability?
We saw three different lobbying pushes on this bill in the last year & every single time, the framing is consumer protection, but in reality, every single time, the actual effect would be protecting big banks and incumbent margins.
What you should actually watch for:
-Any amendment that bans "rewards" broadly rather than just direct interest payments from issuers.
-Whether the same legislators worried about stablecoin yields have ever questioned why bank savings rates haven't moved in fifteen years.
-Who's funding the "community bank protection" messaging (Usually not community banks lol)
If Congress caves on this, it sets a (not good) pattern. Pass a framework, let the incumbents lobby it back open, chip away until the new entrants can't compete, and crypto companies aren't the only ones watching. Every fintech considering U.S. markets is taking notes on whether legislation here actually sticks.
We signed on to this letter to show our support and conviction in moving the industry forward in the United States. The next six months will show whether the U.S. wants competitive payments infrastructure or protected banking margins under the guise of "stability"
as always, thanks to @BlockchainAssn for their hard work in the industry alongside @standwithcrypto & @na_blockchain
special shoutout to @TBC_Jessi@512mace & @wadepreston for pushing this along as well
@PhilHollowayEsq I smoke marijuana every single day and I’m a better person. More focus more drive. If I didn’t smoke, I’d probably kill someone and end up in jail 🤣. Thanks papa trump.
Property taxes are an assault on the American dream. If you work hard and pay off a home, no one should be able to take it from you. Property tax makes everyone a renter with the worst landlord of all time: The Government. Ban property tax and restore the American dream!
What happens is that those who want the government corruption & waste to continue will shop around the country for an activist judge to do their bidding.
It is an undemocratic and unconstitutional power grab by a tiny group of radical leftists!
Yes, that was a huge lie by the Biden administration.
Funds were diverted from almost every part of the federal government to maximize the number of illegals in America.
There also appear to be significant funds siphoned from Social Security to pay for illegals.
@DOGE
Seriously 🤣🤣
And for damn sure, I’m 1000% more trustworthy than untold numbers of deep state bureaucrats and fraudsters who may be misusing your SSN right now.
The @DOGE team just discovered that FEMA sent $59M LAST WEEK to luxury hotels in New York City to house illegal migrants.
Sending this money violated the law and is in gross insubordination to the President’s executive order.
That money is meant for American disaster relief and instead is being spent on high end hotels for illegals!
A clawback demand will be made today to recoup those funds.