Chief Julio

6y

Nah we need you in Tdot's thread ASAP

Slimane

6y

Nah man, I love when all of us are in threads in other sxns.

Chief Julio

6y

Especially cause everyone else never picks up on the jig

Slimane

6y

I just saw the thread on recents and didn't even know who OP was when I started talking s*** about Dreezy.

R D

6y

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

Synopsis

6y

Tdot coulda had a 20 pager but his op is weak

Dr FyaskHO

6y

Why does he have 333 threads? Lol

Reawakened

6y

Why dont you?

Chief Julio

6y

I been running s*** with consoles

My little brother sold a broke copy of GTA to a classmate for $30 lol

Swope

6y

You letting little boys get to you
Ok Michael jackson

Creasy

6y

talkin bout mike jackson like i wont jack yo mic, son

Creasy

6y

talkin bout mike jackson like i wont jack yo mic, son

Paige

6y

Are we betting £50?

Reawakened

6y

Why dont you?

Creasy

6y

talkin bout mike jackson like i wont jack yo mic, son

Dr FyaskHO

6y

F*** you say to me?

The Man

6y

Would never move to DC