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  • Bern's Avatar
    03-26-2024, 10:08 AM
    https://www.msn.com/en-us/news/us/these-people-are-heroes-maryland-gov-reveals-how-lives-got-saved-before-bridge-collapse/ar-BB1kz6Wd
    82 replies | 1785 view(s)
  • Bern's Avatar
    03-26-2024, 10:06 AM
    Bern replied to a thread A Deal For Assange? in Ron Paul Forum
    https://www.msn.com/en-gb/news/us/uk-court-says-assange-cant-be-extradited-on-espionage-charges-until-us-rules-out-death-penalty/ar-BB1kyCC7
    2 replies | 623 view(s)
  • Bern's Avatar
    03-26-2024, 10:04 AM
    Word from Russian propaganda/news channels is that the Ukranian embassy/consulate in Tajikistan had published and then deleted something on their website trying to recruit or foment Russian action. Details are sketchy. Take with a grain of salt.
    19 replies | 690 view(s)
  • Bern's Avatar
    03-26-2024, 10:01 AM
    11 replies | 283 view(s)
  • Bern's Avatar
    03-20-2024, 08:37 AM
    Zero reserve requirement does not "expire". It's still the current regulatory regime. While banks are not required to maintain any specific reserve ratio any more, they do have to manage liquidity. They (the banks) are fighting right now to avoid having to comply with Basel III standards on that front as American banks do not have the reserves/liquidity to meet the Basel III requirements. Last I saw, it looked like the Fed was going to neuter the requirements. I wrote a bit about this issue here: https://www.pmbug.com/threads/what-is-risky-in-life-zero-reserve-or-full-reserve-banking.5723/ Also, the banking laws changed from bail-out to bail-in circa 2013: https://www.pmbug.com/threads/no-banks-are-safe-bail-ins-fdic-limits-systemic-risks.2237/
    1 replies | 183 view(s)
  • Bern's Avatar
    03-17-2024, 09:29 AM
    Thanks to the dollar's role as an international reserve plus Fed QE, the US Treasury Dept really should be printing up 1,000 and even 10,000 dollar bills.
    6 replies | 904 view(s)
  • Bern's Avatar
    03-17-2024, 09:23 AM
    Trying to disqualify an incumbent politician on a technicality like that is a top tier bitchass move. Anyone supporting Eric Deters supports everything wrong with American politics.
    9 replies | 699 view(s)
  • Bern's Avatar
    03-15-2024, 05:54 AM
    Sen. Paul's press release: https://www.paul.senate.gov/dr-paul-to-reintroduce-justice-for-breonna-taylor-act-with-rep-mcgarvey-introducing-house-version/ Bill text: https://www.paul.senate.gov/wp-content/uploads/2024/03/OLL23A042.pdf
    1 replies | 701 view(s)
  • Bern's Avatar
    03-13-2024, 06:06 AM
    https://markets.businessinsider.com/news/etf/argentine-stocks-surge-as-central-bank-slashes-rates-by-20-following-inflation-slowdown-milei-pushes-for-dollar-legal-tender-1033156830
    745 replies | 51012 view(s)
  • Bern's Avatar
    03-11-2024, 07:35 AM
    FWIW: https://www.cruz.senate.gov/newsroom/press-releases/sen-cruz-introduces-legislation-to-ban-central-bank-digital-currencies?source=pmbug.com
    22 replies | 4070 view(s)
  • Bern's Avatar
    03-11-2024, 07:27 AM
    This is a decent documentary about Argentina's issues that led to the 2001 collapse: https://www.youtube.com/watch?v=Zsqa-YHE36A
    2 replies | 1111 view(s)
  • Bern's Avatar
    03-11-2024, 07:22 AM
    BTFP ends today. Banks can't initiate any new loans under that program, but get to keep any existing loans. NYCB looked to be on the brink but might have been rescued with a $1B package from Mnuchin & co. https://news.bitcoin.com/speculation-intensifies-over-us-banking-sectors-fate-as-feds-btfp-closure-looms/
    18 replies | 4063 view(s)
  • Bern's Avatar
    03-05-2024, 10:14 PM
    Read the Jan 10 statement at the link. She was very diplomatic in that interview. But if you are familiar with her history, you will grok what she is really saying.
    3 replies | 264 view(s)
  • Bern's Avatar
    03-05-2024, 08:01 AM
    Hester Pierce has been the lone voice of reason within the SEC for a while now. You can find more of her statements posted on the SEC website: https://www.sec.gov/news/speeches-statements?speaker=122056&field_person_target_id=Commissioner%20Hester%20M.%20Peirce Her statement from Jan 10 is pretty scathing.
    3 replies | 264 view(s)
  • Bern's Avatar
    02-29-2024, 07:38 AM
    Coinbase experienced a glitch yesterday while BTC was surging from 60k to 64k and Coinbase was showing folks that they had zero BTC in their accounts. Coinbase customers could not sell or transfer any BTC they held in their accounts. It was a scary situation for some folks who were posting on X/Twitter that they had millions of dollars worth of BTC in their Coinbase accounts. Good grief! If you own millions of dollars (or even much less than that, but a significant amount) of crypto, be smart and get yourself a good self custody solution like Trezor or Ledger.
    1 replies | 2607 view(s)
  • Bern's Avatar
    02-28-2024, 01:03 PM
    I don't know if that was actually Trudeau's daughter or even if he has a daughter, but that girl sounded just like the "Girl You Wish You Hadn't Started a Conversation With at a Party" from SNL: https://www.youtube.com/watch?v=RGsQES_OdrQ
    6 replies | 609 view(s)
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