SCHIZO.FINANCE
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Repost from N/a
Okay so basically the cryptocurrency market as a whole will be used to buy up short term government bonds, which are directly issued by the Feds and not subject to an auction. The two pieces of crypto legislation mandate that USD stables buy up cash and short term bonds, and issue no interest themselves. This makes every holder of USD stables liable to lose around 4-5% per year to inflation (which the issuers like coinbase, etc. are collecting themselves). Crypto users are officially .gov paypiggies filling the gap of BRICSters refusing to buy trash us debtfull video here. https://www.youtube.com/watch?v=NZpobX6MQVA
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When your epic war is going so epically that you have to epically institute price controls #based
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Repost from The Kobeissi Letter
BREAKING: Credit card serious delinquencies rose +0.4 percentage points in Q1 2026, to 13.1%, the highest since Q4 2010.
This is only below the 2010 peak of 13.7%, in the aftermath of the 2008 Financial Crisis.
Since Q3 2022, serious credit card delinquencies have surged +5.5 percentage points, even larger than the +3.9 point increase in 2007-2010.
Furthermore, student loan 90+ days delinquencies jumped +0.7 percentage points in Q1 2026, to 10.3%, the highest since Q1 2020.
Auto loan serious delinquencies increased +0.4 percentage points, to 5.6%, the highest on record.
US consumers are falling behind debt at a crisis pace.
(@TheKobeissiLetter)
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Rare view into the Schizochat as we prepare to make our quarterly trade (buying sonic at market price)
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Repost from The Kobeissi Letter
BREAKING: After 3,018 days as Fed Chair, today is Jerome Powell’s final day in the position before his term expires. https://t.co/i2we7HRUa2
(@TheKobeissiLetter)
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"If you work for a living, your share of GDP has never been lower
If you hoard capital for a living, your share of GDP has never been higher" @infraa_
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Repost from Middle East Spectator — MES
— 🇮🇷/🇮🇳 NEW: The Indian-flagged oil tanker ‘SANMAR HERALD’, which was fired upon by IRGC gunboats last Sunday, fell victim to a crypto scam
Reportedly, the ship was contacted by an Indian man claiming to represent the IRGC Navy. The captain then transfered a large amount of money in USDT, and was ‘granted a right of passage’.
When the vessel arrived in the Strait of Hormuz, it got fired upon by the actual IRGC Navy, who had not issued any permission for the ship to pass.
@Middle_East_Spectator
