Sooly⚡️سولي

THE LEBANESE BANKING SYSTEM: A MASTERCLASS…

Sooly⚡️سولي — Tue, 07 Jan 2025 00:07:09 GMT

THE LEBANESE BANKING SYSTEM: A MASTERCLASS IN FINANCIAL SUICIDE 2.0

THE PERPETUAL MOTION MACHINE OF DESTRUCTION
In a stunning display of financial déjà vu, Lebanese banks are now offering up to 45% interest rates on Lebanese pound deposits, effectively recreating the exact same Ponzi scheme that spectacularly imploded in 2019. This time, they've simply cranked up the numbers, making the previous 12% interest rates look amateur by comparison.

THE MATHEMATICS OF MADNESS
THE CURRENT CATASTROPHE
🔘 GDP has plummeted from $55 billion to a mere $20.5 billion
🔘 The Lebanese pound has lost 95% of its value
🔘 The median household income has crashed to $122
🔘 The Lebanese pound represents only 2% of economic activity in a $25 billion economy

THE PERFECT STORM RETURNS
Just as in 2019, the banking sector is engaging in what they euphemistically call "financial engineering". The reality is far more brutal: banks are desperately trying to attract Lebanese pound #LBP deposits while being critically short on liquidity. This time, they're offering a mind-bending 45% interest rate for one-year locked deposits, with a minimum requirement of 1 billion Lebanese pounds.

THE AUSTRIAN PERSPECTIVE
What we're witnessing is the financial equivalent of a dying star going supernova. The central bank, in its infinite wisdom, has managed to create a monetary black hole where:
🔘 Banks are offering 45% interest on a currency that's already lost 95% of its value
🔘 The economy is 98% dollarized
🔘 The banking system holds 70% of its assets in government and central bank debt

THE IRONIC TWIST
In a masterpiece of central banking incompetence, the Banque du #Liban has managed to recreate the exact same conditions that led to the 2019 collapse, but this time with even more spectacular numbers. It's as if they looked at their previous failure and thought, "Let's do that again, but bigger!"

THE END GAME
The Lebanese banking system has transformed from the "Switzerland of the Middle East" into a case study of how to destroy a currency, a banking system, and an economy - all while calling it "financial engineering." The only question remaining is whether the current 45% interest rate scheme will collapse faster or slower than its 2019 predecessor.

Remember: In #Lebanon, history doesn't just rhyme - it photocopies itself with higher numbers.

Like Samson Mow once told me: “The world population is Lebanese. They just don’t know it yet.”

#Bitcoin #Nostr #Finance #BitcoinDuLiban

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THERE IS NO LUCK!

Sooly⚡️سولي — Wed, 13 Nov 2024 16:43:37 GMT

THERE IS NO LUCK!
ONLY PREPAREDNESS MEETING OPPORTUNITY.

In the realm of #finance, #freedom, and especially #Bitcoin, many like to chalk up success to 'luck.' But let's dig deeper, inspired by James Austin's four types of luck from the classic book 'Chase, Chance, and Creativity':
🍊 Blind Luck: The random events you have no control over—like stumbling across Bitcoin before most people even knew it existed.
🍊 Luck Through Motion: The more actions you take, the more 'chances' you create. Learning, building, connecting, and engaging—your exposure creates opportunities.
🍊 Luck Through Awareness: Being able to recognize an opportunity, like seeing Bitcoin's value in a broken financial system, when others couldn’t.
🍊 Luck Through Unique Character: The rare, personal traits you bring to the table—your grit, insight, or even contrarian thinking—create opportunities that others can't replicate.

Bitcoiners know there’s no 'luck'—only resilience, learning, and standing ready when the world shifts.

#BITCOIN IS NOW THE 7TH LARGEST…

Sooly⚡️سولي — Wed, 13 Nov 2024 15:09:34 GMT

#BITCOIN IS NOW THE 7TH LARGEST ASSET BY MARKET CAP – $1.8 TRILLION! 🚀

BEATING LEGACY HEAVYWEIGHTS AND BIG BRANDS. THIS IS FREEDOM-MONEY PROVING ITS WORTH IN A WORLD OF FIAT TITANS.

🔹 1. #GOLD - $17.5T
🔹 2. NVIDIA - $3.6T
🔹 3. APPLE - $3.4T
🔹 4. MICROSOFT - $3.1T
🔹 5. AMAZON - $2.2T
🔹 6. ALPHABET (GOOGLE) - $2.2T
🟠 7. BITCOIN - $1.8T 🚀
🔹 8. SAUDI ARAMCO - $1.79T
🔹 9. #SILVER - $1.74T
🔹 10. META PLATFORMS (FACEBOOK) - $1.46T
🔹 11. TESLA - $1.02T
🔹 12. BERKSHIRE HATHAWAY - $1.00T
🔹 13. TSMC - $983.7B
🔹 14. BROADCOM - $817.1B
🔹 15. ELI LILLY - $784.5B

BITCOIN IS OUTPERFORMING TRADITIONAL #FINANCE TITANS LIKE #VISA, #JPMORGAN, #SP500, AND MASSIVE CONSUMER BRANDS LIKE #WALMART, #EXXON, #MASTERCARD, #P&G, #NETFLIX, #BANKOFAMERICA, #T-MOBILE, #CHEVRON, #COCA-COLA, AND MORE.

At the time of posting this, #BTC is trading around $87,178 with a 5.9% increase in the last 24 hours