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Deposits are a public/private partnership which create generally usable money out of risky banking activities.
The model we are taught as children is, like most models, useful but inaccurate. “You take this $20 bill to a bank and deposit it. They will keep it safe for you, and then give you $20 back in the future, plus a little extra for having the use of it in the meanwhile. We call that interest.”
Let’s start dissecting this transaction. You don’t deposit a $20 bill. You purchase a $20 deposit, coincidentally using a piece of paper with the same number on it. The deposit is a liability (a debt) of the bank to you. The bill which you gave the bank in return for the deposit is now theirs, the same as if you had bought a cup of coffee from Starbucks. On their balance sheet, it is now an asset.
But the fact remains: neither Musk's extraordinary efforts to cut waste and fraud, nor Trump's efforts to cut trade deficits and boost revenues by imposing tariffs, and certainly not the plan to cut $1.5 trillion in spending while authorizing $4 trillion in new borrowing currently winding its way through the various committees in the US House of Representatives, are likely to materially affect the eventual outcome when financial panic finally arrives.
...for all this utopia to come along humans must be all successfully conditioned to think and feel the same way (good luck with that), and all of them must sign up to this plan without any personal ambitions for power and wealth (an even greater luck with that)
Do you want to know what your boss can see about your online activity in Microsoft 365? In this video, we dive deep into the surprising extent of your company's employee tracking capabilities in M365, focusing on what can be tracked and monitored in Microsoft Teams, Outlook, OneDrive and Bing. Discover how your emails, search history, Teams messages, and even your file access can be monitored.
Tungsten is the only metal close enough to the density of gold that it can be substituted in certain types gold coins.
DO NOT PURCHASE THIS DEVICE!!!!!
Just read the article for info.
Crypto trading is still fake
Hello, crypto fans! I haven’t forgotten you! I’ve just spent the past nine months or so writing the same article about bitcoin repeatedly:
Trading is thin;
The price is set on unregulated offshore casinos;
Bitcoin is pumped with stablecoins printed out of thin air as loans;
This isn’t a bubble, it’s a balloon being inflated with hot air.Botanical name: Pinus sylvestris Part used: Fresh male strobiles and pollen (wildcrafted) Ingredients: Fresh Scots Pine pollen, certified organic non-GMO cane alcohol, pure Adirondack water.
Barlowe's Herbal Elixirs was founded in 2009 in order to provide the highest quality herbal products for the treatment of a wide variety of ailments which are common in today's society.
Lysander Spooner (January 19, 1808 — May 14, 1887) was an American abolitionist, entrepreneur, lawyer, essayist, natural rights legal theorist, pamphletist, political philosopher, and writer often associated with the Boston anarchist tradition.
Spooner's writings include the abolitionist book The Unconstitutionality of Slavery
How did Valle get its name? The area surrounding what is now the junction of SR 64 and Hwy 180 was historically used for cattle and sheep ranching.
because .com and .org are so basic...
THE OFFICIAL CHANNEL OF MIKE DIAMONDS
Tracking hurricanes, tropical storms, and threatening weather — in the Caribbean, Gulf of Mexico, and tropical Atlantic — Big island or small island, we all ...
I was tasked with converting articles that have been posted to my student society’s work unit medium publication in the past, into PDFs
My name is Ryan Hall. I am a professional weather analyst, storm chaser, and a dad!
Having been in the real estate business since the last housing market crash in 2008, I have the experience and wisdom of the past to help you make the best real estate decisions in the future.
Welcome to a channel where expertise meets real-world experience.
Tips For Weight Training, Muscle Building, Fat Loss and a Healthy Lifestyle After 50. I help men over 50 build muscle, lose fat, and regain their strength...
Email is now an oligopoly, a service gatekept by a few big companies which does not follow the principles of net neutrality.
What are we left with?
You cannot set up a home email server.
You cannot set it up on a VPS.
You cannot set it up on your own datacenter.
At some point your IP range is bound to be banned... It's not if, it's when. Say goodbye to your email. Game over. No recourse.
The era of distributed, independent email servers is over.