reSee.it - Tweets Saved By @BuyTheCryptoDip

Posted - February 19, 2024 at 3:38 PM

Saved - February 20, 2024 at 6:47 AM

@BuyTheCryptoDip - BuyTheCryptoDip

🚨📰Leak Reveals A Fed CBDC ‘Digital Dollar’ Could Be Closer Than You Think Amid A Huge Bitcoin And Ethereum Price Boom🚨🚨🚨🚨 https://www.forbes.com/sites/digital-assets/2024/02/15/leak-reveals-a-fed-digital-dollar-could-be-closer-than-you-think-amid-a-huge-bitcoin-and-ethereum-price-boom/

Leak Reveals A Fed CBDC ‘Digital Dollar’ Could Be Closer Than You Think Amid A Huge Bitcoin And Ethereum Price Boom Leaked comments from a closed-door meeting between Federal Reserve chair Jerome Powell and senior Democrats have revealed digital dollar discussions are continuing... forbes.com

@BuyTheCryptoDip — BuyTheCryptoDip

Posted - February 18, 2024 at 12:19 PM

Saved - February 19, 2024 at 4:27 AM

@BuyTheCryptoDip - BuyTheCryptoDip

🚨🚨🚨🚨🚨🚨 Bill Gates has sold every position... Billionaires don't sell positions in volume like this unless the market is about to crash...

@punjabcapital_ - Punjab Capital

So Bill Gates has sold every position - except his value picks - confused lmao - @agnostoxxx @frankoz95967943 @DonMiami3 @eliant_capital @ravi_chander https://t.co/MgMEEmBSe8

@BuyTheCryptoDip — BuyTheCryptoDip

Posted - January 18, 2024 at 4:57 PM

Saved - January 19, 2024 at 10:04 AM

reSee.it AI Summary

Bank of America's CEO, Brian Moynihan, expressed concerns about the Basel 3 Endgame deadline, stating that a 20% increase in capital doesn't make sense for them. They currently operate on a 10% proof of reserves and need to reach 30% by Monday. If their entire liquidity pool is used to meet Basel 3 requirements, they won't be able to lend or operate. The situation suggests a potential bank collapse unless they can tokenize their assets and become more liquid. XRP and XLM are seen as possible solutions to the liquidity issues.

@BuyTheCryptoDip - BuyTheCryptoDip

☠️ WEF Davos Coverage 📰 CEO of Bank of America - Brian Moynihan on Basel 3 Endgame deadline Monday, January 23, 2024 👀 “A 20% increase to our capital doesn’t make sense” - because BofA operates on 10% proof of reserves and they need to get to 30% before Monday…. They have $195 billion to cover the extra proof of reserves Basel 3 requires. But if their entire liquidity pool goes to meet Basel 3 requirements, they can’t lend or operate at all. 🔥Something has to give or BofA will break Monday. This smells of a bank collapse unless they SOMEHOW can tokenize their assets and become super liquid in time… XRP XLM are the answer to the big bank liquidity issues 😀

Video Transcript AI Summary

Battle 3 Endgame is a proposed movie that the speakers discuss. They mention that there is an openness to the proposal, but the board has a difference of opinion. This is unusual because the proposal affects various aspects of society such as small business lending, mortgages, and trading. The speakers believe there will be debates and changes to the proposal. The Federal Reserve itself acknowledges the need for change. They mention receiving comment letters expressing concerns about a 20% increase in capital requirements. The speakers argue that with $30 billion in excess capital, they should be able to make loans and have more lending capacity. They question whether the proposal is the right judgment.

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Full Transcript

Speaker 0: Question. Battle 3 Endgame. Yeah. It sounds like a bat movie. Let's talk about it. Given what's proposed, do do you think it will go through as proposed? And let's start with what's proposed. What are the conversations? What do they sound like between you and regulators at the moment? Speaker 1: I think there's an openness. You don't have to really take what I say. Just listen to the people who are gonna actually have the vote. The people actually have to prove it in the difference of opinion, which which is a bit unusual, honestly. I've been doing this stuff around 40 years, and I've never seen the the the board itself have Out in the open divergence of opinion, and that's because what it affects is so penetrative across the society. Small business lending, mortgages, tax Credit equity deals, trading things. So a lot of what you heard after the financial crisis really had about 10 or 12 of us that, you know, we're making adjustments that and and then another group came by. This goes deep in the saying that's what you hear, more noise. And, of course, they're going to the congress team the the people. They're going to the regulators and saying, wait a second. This is what you wanna do. And so I think that means there's gonna be debate around changing and probably change, but we'll see it play out. And even, you know, even, the Fed itself has said that do they have to change it? Yes. Because I don't think it's the right balance. And that's why the comment letters flooded in, Tuesday or whenever it was all over the place. And, you know, we've made the points clear. 20% increase in our capital doesn't seem to make sense given where we are. Now we have $195,000,000,000 of regulatory capital. After you do this calculation, we need a $195,000,000,000 of regular capital. All sounds easy except that $30,000,000,000 of excess right now. You ought to be able to go out and make loans over there and do something. Like $500,000,000,000 in lightning capacity. It just got taken away overnight. If this goes through, then we're not we're not sure that's the right judgment right now. Speaker 0: There is this story.