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2023-03-17 13:58:32

NuclearBitcoin on Nostr: Why is #Bitcoin pumping you ask? Bc banks loaned out all of your money & bought ...

Why is #Bitcoin pumping you ask?

Bc banks loaned out all of your money & bought treasury bonds that should be appreciating but are actually depreciating due to all the rate hikes which is resulting in a negative bank balance sheet when comparing their assets & liabilities.

This is causing banks to default & ask for more loans (bailouts) from the Fed or other banks.
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