Ayandeh had attracted deposits from millions of ordinary Iranians by offering unusually high interest rates, creating what one Iranian oversight official allegedly described as a “Ponzi scheme.”

I find it interesting why such a commercial bank was allowed to operate by the regulators. The WSJ article says it was giving bad loans to cronies, so that was definitely the government’s fault. But the bank’s collapse alone doesn’t explain why there was a run out of the rial. It’s easy to blame the collapse of the bank for the collapse of the rial, but I think it’s mostly mainstream economic propaganda. Also, backstopping is literally what all the Western central banks and treasuries did in 2008 and again in 2023, because the banks gave too many loans or held assets which were illiquid, with no inflation, in fact deflation as demand collapsed in 2008. So clearly, it’s not as simple as backstopping deposits.

I think it could be said that the dual exchange rate system where the central bank offered preferential rates to certain sectors, and rent seekers too, made it much worse, since the official rate was much more rigid, undervalued because the central bank used reserves to maintain it, certain connected people may have used it to run to dollars while the state lost reserves. When it ran out, a massive devaluation was inevitable.

Also, he doesn’t talk about the mechanics of how he created a dollar shortage. Did they try going after foreign banks Iran worked with, like in Iraq? I think the government is at least partly to blame, but this wouldn’t have happened if Iran weren’t sanctioned.

your brain is training with new data

use docker

that said, i’ve used leaseweb dedis in the past and never had any trouble with public torrents. Maybe try seedhost.eu (they use leaseweb) or feralhosting.com (own ASN and all, unlimited traffic)

AirVPN is fine, make sure to bind the interface, there are docker containers which prevent leakage too, you can then host a home seedbox.

i do not know if you get notices for Adobe but windscribe free allows torrenting

edit: wtf this site doesnt allow direct links? what was even the point of moving away from reddit then?

Removed by mod

VOO ETF for S&P, very cheap in terms of expense ratio. JNK ETF for a bit of junk bonds. XCCC for junkest of junk. I am not American so I can’t say much about taxes.

Basically, Fed reserve management cannot be considered a form of stimulus for raising demand, it’s just to maintain the interest set by it (called the Fed Funds rate). Even QE only very indirectly affects the real economy by lowering rates on long term existing assets.

Real stimulus to fuel asset price inflation comes from bank lending (e.g. housing bubble) or Government spending (post-2008 world).

SOFR prints above IORB. The Fed quietly increases the size of its standing facility. QT continues but slows.

Nope not happening, Fed will do whatever it takes to keep SOFR on its target.

If you’re long risk assets—stocks, crypto, whatever—don’t panic yet. The Fed just handed the system a fresh $13.5 billion IV bag. That’s bullish in the very short term.

It doesn’t mean anything. It’s an asset swap, they took bonds, gives reserves and the operation reverses the next day. Also, QE itself is super mid, and the only real effects that come from it is lower interest rates on long term assets, a shitty version of Yield Curve Control. The real mover is always Government spending and bank lending.

One camp—and honestly, the one that kept me up last night—believes bank reserves are finally getting scarce again.

There is nothing wrong with this, the banks just have to get money from Fed instead of IORB doing its thing. It doesn’t change much about how much banks lend. That depends on real economic conditions, and Fed can’t do much about that other than cutting rates itself.

Also the September 2019 event didn’t result in Fed doing QE, that happened during COVID. There is a diff between QE and regular reserve management, QE pushes down yield on all Gov securities. And 2019 like yield spike is not going to happen due to the SRF.

There is no money printing. The US Government “prints” ie issues, all money is “printed”, always has been.

Then the Gov taxes it back. And banks make you pay back loans. You can’t pay taxes unless you have money, so spending comes first. Spending creates income.

No one ever lends US Govt any money. They make it, China has Dollars because they export to the US, not because they are financing US domestic borrowing.

This isn’t exclusive to the US, it applies to China, Russia and all others too. None of their federal Governments borrow.

My point exactly, it should be $600 for the Pro XL.

Pixels don’t even have that. Chinese phones give you silicon carbon batteries atleast.

But really I don’t think pixels are bad if it cost like $500-600

Pixel people cope saying it has “features”. I like the Pixel UI and all but it’s not worth it for what is a mid range phone priced at flagship.

Meanwhile there are Hundreds of Democrats that desperately need replacing and could actually swing the balance

What does that have to do with anything I mentioned? Did I say anything about other Democrats?

Once maybe. The fact is that the US and Israeli arms industries have commingled and each relies on the other for different expertise. A full arms embargo would certainly lead to at least the risk of Israel trading arms secrets for access to weapons made elsewhere. Israel is not a passive purchaser of weapons or intelligence technology.

No, the entire economy is propped by the U.S. backstop. Israeli bonds, currency, financial assets are valued highly because U.S. defends it. It’s not always as explicit as military ‘aid’.

Also, if these are the kind of arguments AOC is thinking about, she deserves to lose. I’m not attacking you, but AOC.

Every foreign policy decision has ramifications that go far beyond the immediate. Israel isn’t going to not have a missile defense shield so, if they don’t get it from us, they will get it from someone else.

Ok, so? If U.S. does that and even if other countries starts arming them, U.S. will at least have a moral high ground.

Try disabling it with this, maybe?

https://github.com/MuntashirAkon/AppManager

Maybe, but are there any ARM chips and motherboards you can buy freely (at least for consumers)? No its all embedded, all soldered on, no upgrade path. This is why I hate Apple Silicon you have to buy their trash everything else.

Tldr government could mismanage and misallocate as if private capital hasn’t done enough damage to Intel.

Also fuck the markets. There are no “free” markets with chips, x86 is a duopoly. Chip making in general is an oligopoly.

https://ipinfo.io/AS12975#block-summary

might be useful