toxicbitcoiner on Nostr: The death spiral for a central bank is when it trends towards becoming the sole buyer ...
The death spiral for a central bank is when it trends towards becoming the sole buyer and owner of its government’s bonds. No external bid or reservation demand? Game over. A gradually, then suddenly process.
FTT, same thing.
Terra, same thing.
Mississippi Company, same thing.
So who’s going to buy the bonds?
Published at
2024-07-26 00:25:39Event JSON
{
"id": "ecda957970e14101811d0b53f6a522121e8f223a5e9d57ec69e26cd8655a0648",
"pubkey": "e1fc88f8e378784587c2337f4eb90a46c0c0622c42e77d75ec4a37521f30f622",
"created_at": 1721946339,
"kind": 1,
"tags": [
[
"imeta",
"url https://image.nostr.build/527756f6de5bc0e4e4eb6b6630969a7d3593e52d712fcb9050cad83a9a00eec7.jpg",
"blurhash e24xlE?bROxtM_xZ%Mxun~V@9E%L-:V@ofem%1t6WBWX_2t6j]j?Rj",
"dim 1125x875"
],
[
"r",
"https://image.nostr.build/527756f6de5bc0e4e4eb6b6630969a7d3593e52d712fcb9050cad83a9a00eec7.jpg"
]
],
"content": "The death spiral for a central bank is when it trends towards becoming the sole buyer and owner of its government’s bonds. No external bid or reservation demand? Game over. A gradually, then suddenly process.\n\nFTT, same thing.\nTerra, same thing.\nMississippi Company, same thing.\n\nSo who’s going to buy the bonds? https://image.nostr.build/527756f6de5bc0e4e4eb6b6630969a7d3593e52d712fcb9050cad83a9a00eec7.jpg ",
"sig": "1a50bc12a570bb247e5eb969646fae66b8659184e21a1b84976d7948bd95688e863259257891fe913d4702ca2169878a6ae630d39a4cfef4feb282472e14ad12"
}