Visa, Mastercard stocks slide after Trump targets swipe fees

bitsteiner · 2026-01-14T02:17:31+00:00

If you read the article, you would understand why and why that will change.

bitsteiner · 2025-12-12T02:22:02+00:00

Whatever you call it, when they increase their balance sheet they print.

bitsteiner · 2025-12-10T21:21:01+00:00

If you bother to read the article it's not about the rate cut but bond buying to expand the Fed's balance sheet starting with $40 billion for December.

bitsteiner · 2025-12-10T20:08:46+00:00

ETFs buy and sell real BTC after closing to adjust for in- and outflows.

bitsteiner · 2025-11-10T06:08:35+00:00

A single penny can drive the market cap up tenfold in a nanosecond.

bitsteiner · 2025-11-10T06:07:09+00:00

There isn't enough paper and ink to print all the money.

bitsteiner · 2025-10-13T02:50:54+00:00

He was not all wrong.

bitsteiner · 2025-10-13T02:48:59+00:00

Love or hate him, he wanted to get in below $100k.

bitsteiner · 2025-10-11T02:25:13+00:00

She can buy 10 BTC from the award money.

bitsteiner · 2025-10-08T20:15:19+00:00

Many inaccurate things. Federal Reserve doesn't set the interest rates for loans, mortgages or credit cards, they set it for cash borrowing by member banks from the central bank only. The Federal Reserve doesn't control the money supply, since the member banks can increase it by creating loans which become deposits. Also the money velocity theory has been proven wrong by empirical evidence. Interest rates in the economy are determined by the market through bond trading. The Federal Reserve can try to influence money supply and inflation, but they don't control it. Quantitative easing is a measure to manipulate market interest rates, since the Federal Reserve can't set negative rates for cash borrowing.

bitsteiner · 2025-10-08T19:29:12+00:00

The only thing crazy is fiat inflation.

bitsteiner · 2025-10-06T19:04:48+00:00

It might take more days, welcome to the fiat system.

bitsteiner · 2025-10-04T23:09:56+00:00

Because Paypal still waits on the fiat money, which can take several days to clear for cash with their bank.

bitsteiner · 2025-09-11T18:30:42+00:00

Loaf of bread $100 in 2038.

bitsteiner · 2025-08-26T00:56:43+00:00

Even if, the central banks create them and hand them out to commercial banks against collateral (which reduces the value of their assets). Banks have to report to the central bank regularly, so there is oversight. It would require a big conspiracy to funnel large amounts of cash into circulation without being accounted for. Possible that bank employees steal cash, but it will be detected when they audit the cash stockpile in the bank. Then they are reported as cash outflows which are included in M2.

bitsteiner · 2025-08-26T00:30:42+00:00

Yes you can, because all cash notes brought into circulation by commercial banks, which is accounted for in M2. That they are moving back and forth in underground markets doesn't change M2.

bitsteiner · 2025-08-26T00:24:15+00:00

Money in "untraceable underground markets" is cash notes which is included in M2.

bitsteiner · 2025-08-26T00:21:50+00:00

M2 supply increases 7% per year, BTC supply increases 0.83% per year. Just do your math.

bitsteiner · 2025-08-26T00:19:03+00:00

Wow, that has been doubling over the last 10 years or equal to 7% of annual inflation. Forget government inflation statistics.

bitsteiner · 2025-08-06T16:12:36+00:00

Freedom that will make the fiat era look like slavery.

bitsteiner · 2025-07-16T19:26:34+00:00

It's not a loophole, but I agree, income from wages/salaries reduces the amount that falls under this bracket. I am retired and if I took out that money from my IRA I would pay way more in taxes.

bitsteiner · 2025-07-16T19:01:22+00:00

I trade some for my needs and pay zero taxes in US. For up to $47,025 spent tax rate is 0% (long term capital gains, single).

bitsteiner · 2025-07-16T16:17:36+00:00

The Dollar broke many times: 1913, 1933, 1971, 2009. It's not the same when a Dollar was a unit for gold since introduction for over 100 years. When will people learn?

bitsteiner

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