#deposits — Public Fediverse posts

https://keenlens.substack.com/p/the-bank-of-england-admitted-in-2014

'I see everyday #politicians repeat like parrots #economic propositions they don't even start to understand, defending a model that a central #bank admitted was wrong over twelve years ago. ... The #Greens propose actual structural change and get labelled "communist" by people who have never read a balance sheet or a #Lenin text. The heterodox approach #predicted #2008, predicted the #housing #crisis, and predicted the current private #debt trap. The orthodox models predicted none of it ...'

'The orthodox model was declared wrong by the Bank of #England in 2014. Their paper “#Money Creation in the Modern Economy” stated plainly: #banks do not lend out deposited #reserves in a multiplier chain. Banks create #deposits when they make #loans ...'

(NZ's Social Credit Party got a Court to agree five decades earlier.)

'The consequences are not theoretical or academic. When you worship the wrong model, you can’t do anything else than design the wrong #policy. You pretend not to see the #monopoly extracting over 6 billions from a #mortgage market they control 87% of. You don’t see that raising rates shift #income from #borrowers to banks and does not touch the supply of housing stock. You end up believing the #household metaphor is literal — that the Crown pockets are empty — when #NZ’s #Crown debt is 44% of #GDP...'

(The OECD average is about twice that.)

'... #Galileo was almost burned at stake for simply asking the #Inquisition #judges to look in the telescope. Same old, same old.'
'.....
'Gentlemen, it is clear cut #class #warfare, and the #vested interests are so encrusted in #society that they are winning. Remember that their main weakness is in numbers, they are damaging and literally #robbing the majority of us, of the New Zealand society and brainwashing many trees to think that voting for the axe is the #prudent, #family sensible thing to do. The only chance you have is when numbers talk. The #election is coming...'

Robinhood Crypto Launches Crypto Transfers for European Users - Robinhood Crypto has introduced a major new feature for European users, allowing t... - https://news.bitcoin.com/robinhood-crypto-launches-crypto-transfers-for-european-users/ #robinhoodcrypto #cryptocurrency #digitalassets #johannkerbrat #self-custody #withdrawals #robinhood #deposits #ethereum #security #finance #bitcoin #staking #crypto #solana #defi #usdc #btc #eth

Binance Resumes Euro Transfers Through New Fiat Partners - Cryptocurrency exchange Binance is restoring fiat services for customers using the... - https://news.bitcoin.com/binance-resumes-euro-transfers-through-new-fiat-partners/ #cryptocurrencies #cryptoexchange #cryptocurrency #cryptotraders #cryptotrading #withdrawals #exchanges #transfers #deposits #exchange #payments #binance #paysafe #crypto #dollar #euro #fiat #eur #usd

Binance Advises Paysafe Users to Convert Euro Balances to Tether - Crypto exchange Binance has issued a recommendation for customers using the servic... - https://news.bitcoin.com/binance-advises-paysafe-users-to-convert-euro-balances-to-tether/ #cryptocurrencies #cryptoexchange #cryptocurrency #withdrawals #exchanges #transfers #deposits #exchange #payments #banking #binance #paysafe #tether #euro #sepa #usdt #eur

Crypto exchange Upbit stems fake APT token flood, resumes services - The newly created fake APT token called “ClaimAPTGift.com” made i... - https://cointelegraph.com/news/crypto-exchange-upbit-fix-fake-aptos-token-issue #systemmaintenance #claimaptgift.com #withdrawals #faketoken #deposits #refund #upbit #apt

XRP briefly hits $50 on Gemini as users suspect relisting 'price glitch' - Gemini is investigating the root cause behind the suspected price... - https://cointelegraph.com/news/ripple-xrp-spike-on-gemini-amid-suspected-price-glitch #systemmaintenance #customerassets #priceglitch #withdrawals #deposits

Binance Integrates Lightning Network Deposits and Withdrawals - Binance, the largest cryptocurrency exchange by volume traded, has announced it ha... - https://news.bitcoin.com/binance-integrates-lightning-network-deposits-and-withdrawals/ #lightningnetwork #withdrawals #exchanges #deposits #binance #bitcoin #scaling #l2

Binance completes integration of Bitcoin Lightning Network - The news comes less than a month after Binance announced their pl... - https://cointelegraph.com/news/binance-integration-bitcoin-btc-lightning-network #lightningnetwork #lightningnodes #bitcoinlayer2 #withdrawals #addresses #deposits