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1. feld (feld@bikeshed.party)'s status on Thursday, 25-Jan-2024 04:04:07 JST feld
   In case your'e wondering how it's going, the banks have given $1.6T in assets to the Federal Reserve for liquidity and it's only getting worse.
   
   Notice how the graph is empty until recently.
   • LS (lain@lain.com)'s status on Thursday, 25-Jan-2024 04:04:05 JST LS

     in reply to

     • Moon
     @Moon @feld interest will need to come down again in the US, the US gov is already bankrupt but it can go a few more years if it can refinance at 0.1% again.
   • Moon (moon@shitposter.club)'s status on Thursday, 25-Jan-2024 04:04:06 JST Moon

     in reply to
     @feld is it true that everybody is getting laid off so biden can try to put a cap on inflation
   • LS (lain@lain.com)'s status on Thursday, 25-Jan-2024 04:13:35 JST LS

     in reply to

     • Moon
     • ロミンちゃん
     @romin @feld @Moon someone still has to pay for it
   • ロミンちゃん (romin@shitposter.club)'s status on Thursday, 25-Jan-2024 04:13:36 JST ロミンちゃん

     in reply to

     • Moon
     • LS
     @lain @feld @Moon OR the US can go to war :l_well:
   • LS (lain@lain.com)'s status on Thursday, 25-Jan-2024 04:24:52 JST LS

     in reply to

     • Moon
     • ロミンちゃん
     @feld @Moon @romin i mean, at some point people will not take monopoly money anymore
   • feld (feld@bikeshed.party)'s status on Thursday, 25-Jan-2024 04:24:53 JST feld

     in reply to

     • Moon
     • LS
     • ロミンちゃん
     @lain @Moon @romin the US can never go bankrupt, though. The Federal Reserve even made changes in 2011 to prevent it from being a remote possibility on their end too.
     
     > Effective January 1, 2011, as a result of the accounting policy change, on a daily basis each Federal Reserve Bank will adjust the balance in its surplus account to equate surplus with capital paid-in and, in addition, will adjust its liability for the distribution of residual earnings to the U.S. Treasury. Previously these adjustments were made only at year-end. Adjusting the surplus account balance and the liability for the distribution of residual earnings to the U.S. Treasury is consistent with the existing requirement for daily accrual of many other items that appear in the Board’s H.4.1 statistical release. The liability for the distribution of residual earnings to the U.S. Treasury will be reported as “Interest on Federal Reserve notes due to U.S. Treasury” on table 10. Previously, the amount necessary to equate surplus with capital paid-in and the amount of the liability for the distribution of residual earnings to the U.S. Treasury were included in “Other capital accounts” in table 9 and in “Other capital” in table 10.
     
     https://archive.is/wEP0p
   • SlicerDicer (slicerdicer@bikeshed.party)'s status on Thursday, 25-Jan-2024 04:26:36 JST SlicerDicer

     in reply to

     • Moon
     • LS
     • ロミンちゃん
     @romin @feld @lain @Moon
     
     Its easier to fill out the form.
     
     [FORM OF EMAIL FOR BANK TERM FUNDING PROGRAM]
     
     Reference is made to the Bank Term Funding Program first announced by the Board of Governors of the Federal Reserve System (the “Board”) on March 12, 2023, as the terms and conditions for such program may be amended, supplemented, or otherwise modified from time to time (the “Program”).
     The borrower hereby agrees that all advances made pursuant to the Program shall be governed by (i) the terms of the Federal Reserve Banks’ Operating Circular 10, Lending, as amended, modified, or otherwise supplemented from time to time (“OC-10”); and (ii) the terms and conditions set forth for the Program and such other terms or conditions as may be specified for the Program by the Board or the Federal Reserve Banks, each as amended, supplemented, or otherwise modified from time to time (the “Terms”).
     Solely with respect to advances made under the Program:
     All advances made under the Program shall be deemed to be “Advances” for purposes of OC-10.
     The interest rate applicable to an Advance shall be a fixed rate determined in accordance with the Terms and announced by the Board or the Federal Reserve Banks from time to time.
     Paragraph 5.1(a) of OC-10 shall not apply.
     The borrower, for each request for an advance, shall specify its requested principal amount and term of the advance, which term shall be no more than one year.
     To the extent there is any inconsistency or conflict between this email, the Terms, and OC-10, such inconsistency or conflict shall be resolved pursuant to the following order of precedence: (i) the terms of this email shall prevail over the Terms and OC-10; and (ii) the Terms shall prevail over OC-10.
     I certify that I am authorized to agree to the terms set forth in this email and the Terms on behalf of the borrower named below. If the borrower has not previously agreed to the terms of OC-10, the borrower agrees that it shall provide any OC-10 documentation that a Federal Reserve Bank requires immediately upon the Federal Reserve Bank’s request. This email and the Terms shall be governed by the law of the State in which the head office of the Bank (as defined in OC-10) is located.
     Name of Borrower: [TYPE BORROWER NAME]
     ABA Number: [TYPE ABA NUMBER]
     Name(s) and Title(s) of Authorized Person(s): [TYPE AUTHORIZED PERSON NAME(S) AND TITLE(S)]
     LS likes this.
   • feld (feld@bikeshed.party)'s status on Thursday, 25-Jan-2024 04:28:48 JST feld

     in reply to

     • Moon
     • LS
     • ロミンちゃん
     @lain @Moon @romin People are really stupid and dangerously patriotic, so they'll keep their faith in the money longer than is reasonable which worries me a lot
     LS likes this.
   • LS (lain@lain.com)'s status on Thursday, 25-Jan-2024 04:29:50 JST LS

     in reply to

     • Moon
     • ロミンちゃん
     • jeff
     @jeff @Moon @romin @feld kamala will make bitcoin real and will make putin pay for it
   • jeff@mk.magicka.org's status on Thursday, 25-Jan-2024 04:29:51 JST jeff

     in reply to

     • Moon
     • LS
     • ロミンちゃん

     @lain@lain.com @feld@bikeshed.party @Moon@shitposter.club @romin@shitposter.club does this mean bitcoin is going to be real?