Bern
Member

non-paywall: https://gata.org/node/22529

Petrodollar has a few years left in the tank IMO. Saudi process to join BRICS will still take some time. BRICS initiative to create a new currency will be discussed at their meeting in August. It's not going to magically appear overnight.

:( RIP

Saudi Arabia going through the motions to join the BRICS: https://gata.org/node/22523

Ok. I did every step except refresh the browser. Thanks.

I still haven't figured out how to embed tweets here... https://twitter.com/katie_haun/status/1640487966425645058 Link to WSJ OpEd on the subject in the tweet.

* super necro bump * Narrarator: They did it. They finally did it.

https://twitter.com/nic__carter/status/1640551642075463682 Sorry, I apparently can't figure out how to embed tweets. From the .PDF:

Russia, China et al talked about dedollarization for years, but it wasn't until the West threatened Russia with a lockout of the SWIFT system circa September 2014, that the idea got actual inertia to start making it happen.

Thank you acptulsa. Not sure why the tweets didn't embed in my post, but I did post from my phone, so maybe that has something to do with it.

I had been thinking about ordering a Ledger Nano X for some time. With Coinbase now in the crosshairs of the Eye of Sauron, I finally got off my duff and ordered one. It arrived this morning and I spent some time getting it set up and transfering some crypto I owned on Coinbase over to it. It was pretty easy. https://shop.ledger.com/?referral_code=HW6BPZ0SQ9H5C If you were considering getting one, using that referral link to order should reward you with $10 of Bitcoin.

I added an integration with ChatGPT to the PMBug forums this morning. ChatGPT has an account like any other forum member (except highlighted because it's not) but will only participate in a dedicated forum room. ChatGPT will reply to new threads in that dedicated forum room and will even respond to replies and carry on a conversation. It's kind of fun. The quality of ChatGPT's responses are very much a function of the quality of the input (question).

https://www.reuters.com/business/finance/credit-suisse-tells-staff-plans-investment-banking-be-informed-later-memo-2023-03-20/ It's like they want to spark a bank run.

For reference: https://en.wikipedia.org/wiki/Operation_Choke_Point

https://www.wsj.com/articles/signature-bank-new-york-community-bancorp-flagstar-bank-crypto-barney-frank-fdic-9b825e2e

Bold emphasis is mine: https://www.fdic.gov/news/press-releases/2023/pr23021.html FDIC has split off and debanked Signature's crypto clients. Operation Choke Point is in full effect.

I have not watched the video, but here's a fun read on the subject: https://mishtalk.com/economics/a-fed-study-shows-loose-monetary-policy-leads-to-disaster-and-financial-crisis

https://twitter.com/theemikehobart/status/1636494845144432643

Context for Rep. Emmer's letter: https://www.coindesk.com/policy/2023/03/16/signature-banks-prospective-buyers-must-agree-to-give-up-all-crypto-business-report/

https://www.cnbc.com/2023/03/16/credit-suisse-shares-soar-30percent-on-swiss-national-bank-loan-announcement.html[

https://www.kitco.com/news/2023-03-15/Rep-Emmer-accuses-the-U-S-government-of-colluding-to-cut-off-crypto-from-the-banking-industry.html

I haven't found one for ronpaulinstitute.org which is where I think the article would be a best fit. There is a number for mises.org, but I have been waiting on the hope of hearing from rpi.org first.

Yes, it's super frustrating.

Credit Suisse suffering collateral sentiment damage from SVB... https://www.zerohedge.com/markets/credit-suisse-cds-hits-record-high-silicon-valley-banking-crisis-spreads-europe

* necro bump * The Fed never did approve The Narrow Bank's application for a Master Account (I followed this story in more depth here), but with teh Fed's announcement that they are essentially guaranteeing 100% of deposits at every bank, the entire banking system is now essentially a narrow bank, but with added risk opportunities for the banks.

BTW, I can't find that tweet on Cramer's feed. It's either been deleted or the image is a joke/photoshop.

Cramered