March 2023 - cypherpunks - lists.cpunks.org

Bulgarian anarchism almost rivals Ukraine and Spain
by professor rat 28 Mar '23

28 Mar '23

Lots of fascinating anarchist hirstory here waiting to be discovered https://anarchistnews.org/content/70-years-later-man-who-blew-sofia-stalin-… Reposts not clickbait teasers for more substantial fare

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The Banking Crisis Knock-On Effect Has Been a Stampede into Government Money Market Funds – Foiling the Fed’s Effort to Raise Market Interest Rates
by Gunnar Larson 28 Mar '23

28 Mar '23

https://wallstreetonparade.com/2023/03/the-banking-crisis-knock-on-effect-h… By Pam Martens and Russ Martens: March 27, 2023 ~ Jerome Powell (Thumbnail) Jerome (Jay) Powell, Chairman of the Federal Reserve Board On Sunday, Financial Times reporters Brooke Masters, Harriet Clarfelt and Kate Duguid published an article under the headline: “Money market funds swell by more than $286bn as investors pull deposits from banks.” This article needs some important clarifications. First is the fact that money market funds had to be bailed out by the government during both the 2008 financial crisis and the more recent financial panic of 2020 stemming from the COVID pandemic. On September 19, 2008 (four days after Lehman Brothers was placed into bankruptcy), stocks were crashing and investors were in a panic, the Department of the Treasury announced that it would provide a guarantee for money market mutual funds, standing behind more than $3.5 trillion in money market fund assets. In mid-March 2020, as the share prices of mega banks on Wall Street were plunging in price and investors were in another panic, the Federal Reserve, with the required approval of the U.S. Treasury Secretary for emergency bailout programs from the Fed, established the Money Market Mutual Fund Liquidity Facility (MMLF). Under the facility, the Boston Fed made loans to various banks to purchase troubled assets from money market funds. When the Fed finally released the details of that program, Wall Street On Parade crunched the numbers and found that just six Wall Street firms received 72 percent of the $162.9 billion in cumulative loans made under the MMLF. The three largest recipients were Federated, JPMorgan Chase and Morgan Stanley. (See our full report here.) MMLF Largest Borrowers Most Americans are unaware that there are two vastly different kinds of money market vehicles. There is the “money market account” that one can hold at a federally-insured bank which is FDIC-insured up to $250,000 per depositor per bank. If you have multiple FDIC-insured accounts at the same bank (money market account, checking, savings, certificates of deposit), they all count toward the $250,000 insurance limit. There is also the “money market fund” which is an uninsured mutual fund packed with short-term debt instruments of varying quality. It was these uninsured money market funds that had to be bailed out during the 2008-2009 financial crisis on Wall Street and again during the March 2020 financial panic related to the COVID pandemic. The Financial Times article is talking about the uninsured money market funds. So why would Americans be flocking to these uninsured money market funds during the latest banking panic? We found our answer in the data released by the Investment Company Institute (ICI.org) According to ICI’s statistics, $276.49 billion of that $286 billion reported by the Financial Times (or a whopping 97 percent), went into a very specific type of money market fund – the kind that holds short-term debt instruments guaranteed by the U.S. government. These are referred to as “government money market funds.” ICI reports that total assets in Government Money Market Funds grew as follows in the month of March: total assets of $3.98 trillion as of March 9, 2023; total assets of $4.128 trillion as of March 15, 2023; total assets of $4.26 trillion on March 22, 2023. According to the ICI’s latest data, Government Money Market Funds in the U.S. now represent 83 percent of all money market funds. As of March 22, 2023, Government Money Market Fund assets of $4.26 trillion compared to total assets in all money market funds of $5.13 trillion. According to a report from the Government Accountability Office (GAO), Government Money Market Mutual Funds represented 79 percent of all money market funds as of September 30, 2022. (See chart below.) This flight to safety is having an unintended consequence. It is throwing a wrench in the Federal Reserve’s plans to bring down inflation in the U.S. by hiking its benchmark interest rate. For example, the 6-month U.S. Treasury bill, which had traded at a yield of 5.29 percent in early March, is trading this morning at a yield of 4.85 percent – notwithstanding that the Fed raised its benchmark interest rate (Fed Funds) by another one-quarter percent on March 22. Money market mutual funds are required to hold short-term instruments, typically of less than one year to maturity. Government Money Market Funds hold lots of U.S. Treasury bills, such as the 6-month T-bill. The demand for these government instruments of less than one year maturity, is also likely adding to the inverted yield curve, where short-term government securities are yielding significantly more than the 30-year U.S. government bond.

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The metaverse is cryptoanarchist or failed dystopian nightmare
by professor rat 28 Mar '23

28 Mar '23

Choose wisely. No cryptoanarchist justice - no peace Thankfully cryptoanarchy aligned itself away from Galts Gulch and towards trad anarchism by 2002. So we now enjoy the technology of peoples cryptography combined with the best of the trad democratic tradition - free people, freely federating. Communications - authentications and now globalized political-economy. Viva la fuckin' revolution! In terms of democratic potential, the open metaverse actually has some advantages over the physical world because participation is already codified by the framework itself, making it harder to be illegitimately disenfranchised <<< https://cointelegraph.com/news/to-be-or-not-to-be-ethics-democracy-and-mora… Reposts willing to fight to the last Binance man

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A link to the Rapists in here
by professor rat 28 Mar '23

28 Mar '23

The Assmange dead-enders? All three of them? GEOFFREY "sexual offence for a man to deliberately deceive a partner whose consent has been conditional upon his use of a condom" ROBERTSON Julian Assange arrested in London on rape charges https://www.csmonitor.com/World/terrorism-security/2010/1207/WikiLeaks-Juli… JULIAN " Being guilty of aggravated rape has nothing to do with our party" A. Broinowski. Wikileaks Party NSW candidate for au Senate. 2013. I never sorry about being sued by the disgusting criminal rapist, Julian Rand Paul Assange, or his imitation Manson Family at WickedLeaks At least so long as truth is a defense.

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TED and RON's most excellent adventure!
by professor rat 28 Mar '23

28 Mar '23

Any law the likes of Ted Cruz and Ron DeSantis pass against some crypto is sure to be twisted and used against all crypto. With friends like this crypto-currencies don’t need enema’s. Only three main ways forward are really possible for CBDC's 1) They are opposed and that's good for our exploding cryptoanarchist inevitable 2) They are supported and that's good for our exploding cryptoanarchist inevitable, and . . . 3 ) They are treated as damage and routed around and rooted beyond redemption and etc Some combination or combinations of these three main paths are possible - indeed, already happening in the global context. But TL/DR we already won. We established what they were back in 2005 - now we're just haggling over their price.

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Gramps and Semich - The Jock-Douche and the Creep-Loser
by professor rat 27 Mar '23

27 Mar '23

The Jock-Douche and the Creep-Loser: a cult of sheer physical strength and action wedded to a wounded and brooding consciousness of impotence and humiliation. https://www.marxists.org/archive/marx/works/1848/communist-manifesto/ch01.h… The Jock-Douche and the Creep-Loser: a cult of sheer physical strength and action wedded to a wounded and brooding consciousness of impotence and humiliation, reloaded. https://www.unz.com/ishamir/the-long-captivity-of-julian-assange/ Reposts not in cold-blood team-killing faggotry

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The Silky Road to ruin
by professor rat 27 Mar '23

27 Mar '23

FREE ROSS bozo's seem to have piped down recently. Stories like this don't help his cause either. The bad-faith, silk road to ruin https://www.theguardian.com/world/2019/oct/22/the-five-reluctant-hitmen-of-… Reposts not online deadpools on deserving targets like KGB Pooter

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Adrienne Harris' Resignation
by Gunnar Larson 27 Mar '23

27 Mar '23

Madam Superintendent: With the NYCCOIN situation, you must resign for the integrity of the financial system. Gunnar Larson xNY.io - Bank.org

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Brody the St. Benard
by Gunnar Larson 27 Mar '23

27 Mar '23

....

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Calls to avenge Ashli Babbitt
by professor rat 27 Mar '23

27 Mar '23

Brandi_Buchman · 3m Meza cont: I myself did no attacking, i was performing security Ashli Babbitt is a hero, Meza says in clip, now she’s being called antifa and he’s visibly upset about this in video. << Reposts not hoarse vessel calling for dead Weimar Republicans

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