Read_717 - How To Wreck a Big Old GSIB [DeepThroatIPO]

Published: April 6, 2023, 12:36 a.m.

b'"Generally, what we\\u2019re talking about here is unregulated (or lightly regulated), uninsured investors, LLCs, Funds and privately controlled \\u201cShadow Banking\\u201d assets.\\xa0In 2021, these OFI Assets scattered around the planet amounted to $152.0 Trillion (Again, not including China\\u2019s non reported OFI) or roughly 172 x JP Morgan\\u2019s relatively miniscule $884 Billion of Cash and Equivalents immediately available to liquidate/sell/wire-out without generating a FASB 115 loss.\\nI hope this simple calculation puts the JP Morgan/Chase \\u201cfortress like\\u201d Balance Sheet in perspective.\\xa0JP Morgan/Chase, America\\u2019s biggest bank, through our own, expansive, monetary policy, has become but a pimple on the global financial system\\u2019s buttocks." \\u2013 DTIPO\\n\\nToday we dive into a really fascinating thought experiment on the Western Financial System from an adversarial position. Has the West become too arrogant to assume that no one would attack them? That because of their sheer size, they are protected? That they are "indispensable" in such a way that no wealthy nation could or would attack them, even as they use their monetary system explicitly as a weapon against competitor nations? Nations, in fact, that may have a large interest in seeing the Western system implode? What if we run the numbers and see what that risk really is...\\n\\nCheck out the original to follow the links to verify or check out the data yourself. I\'d be eager to see further discussion of this possibility and what, if anything, can truly be done to secure such a levered and bloated financial system from attack. And check out the many other things they cover below:\\nhttp://www.deepthroatipo.com/how-to-wreck-a-big-old-gsib-bank/\\n\\nGuy\'s Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev\\n\\nDon\'t forget to check out our amazing sponsors:\\n\\u2022 The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)\\n\\u2022 Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20,000 FREE SATS! at (https://bitcoinaudible.com/fold)\\n\\u2022 Dive into the Bitcoin only wallet, the cypherpunk calculator, with the NEW Coldcard Q1! A company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard)\\n\\n-------------------------------\\n"I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale."\\xa0\\xa0\\n\\u2014 Thomas Jefferson\\nLearn more about your ad choices. Visit megaphone.fm/adchoices\\n\\n--- \\n\\nSend in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message'