Should i invest in land or fake money hmmm

Fake money can get you really quick gains though

a G-SIB moved the head of its repo desk to run its digital asset desk earlier this year

Fiat money

What does this mean

this man sada baby said 'boy i shoot like ben simmons and you diggy' and for what lmaoooo

Can you dumb this down lol

Property

it's 8 am man

tried to type a short answer to this and it kinda morphed into a way for me to gather my own thoughts on it, should i post it anyway

Post king. I love reading your posts

Fake money is whats in your wallet right now!

complicated topic but put simply it's an indication that systemically important banks view digital currencies as a potential high quality liquid asset to be used as collateral to facilitate lending in the global dollar system, at a time when Basel III's reserve requirements have increasingly siloed MB, and periodic shortages of T-Bills and other traditional shadow banking collateral -- as seen by the recent dislocations in the repo market -- inject systemic risk.

money is anything that one bank can exchange with another, with an assurance that they'll find a liquid market should they need to sell. it's been this way for decades -- Greenspan said in 2000 that the "proliferation of financial products" has made it impossible for the Fed to even define in practical terms what money is.

and so banks operating in this arcane, parallel monetary system (that dwarfs the traditional system within the purview of the Fed), wary of signs of collateral shortages and with the hindsight of the repo run at the core of GFC1, are giving consideration to bitcoin and alike assets for their uniquely suited characteristics as HQLA: they're bearer instruments that settle in moments with finality, they maintain an immutable and public ledger, and these combine to limit the profligate rehypothecation that forms the primary source of high leverage and instability that plagues (and nearly brought down) the system

it's a chance to transition to a more transparent, deleveraged financial world and it's noteworthy that the industry's most important institutions are exploring it

Zoltan Pozsar, Jeffrey Snider, Manmohan Singh, and Caitlin Long are all good people to keep note of for this stuff

0 money is in yours brokey

Killed em

is kyrie playing tonight

Nah uh I got um

Some bills

Dam u should prolly pay them aha

Im on fire rn

its only been like two marquee matchups in the past 5 seasons where both teams were healthy

My productivity post lockdown 3 or 4 whichever one currently in
Is nort gud

Wonder how banks will combat the ability to get 8%< interest on stablecoins
Seems like a problem to me

Gordon Ramsey’d his ass

I will respond to this when I wake up I promise.

Especially around the banking code reform with Basel III

Actually I know nothing about crypto so it will only be about Basel III and liquidity so not relevant at all