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BTC110: Japanese Credit Markets, Bitcoin, and Nostr w/ James Lavish (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
The Do-N-Y Budget Is 800 Billion Dollars a Year
This is almost half the budget of the USDOD, which is 800 billion dollars a year. It's interest expense being paid directly to the too big to fail banks. And then what are they doing with that? They're going to go buy more treasuries and put those on the positive so that they can get more interest income. So now they've got a hole in their balance sheet. We haven't talked about the fact that they don't mark to market their treasuries that they own that are down 20% could you imagine? Can we make that a deferred asset? I need to add that to my button here on my mixer. The rates going up, we're so
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