Discover and read the best of Twitter Threads about #bank

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Who runs Extinction Rebellion. Heiko reveals all, Financialisation of Nature, Climate Change, 4th Industrial Revolution, Change the Mind of the Population around an
Issue ...
#TheLeft "use other people money to pay for what they want, by creating a state of mind that their is a desperate & urgent crisis, immediate action, worldwide WW2 mobilisation or new deal thru orchestrated series of events like a media campaign atlanticcouncil.org/blogs/energyso…
A detailed analysis by the #World #Bank found that while $100 trillion is held by #PensionFunds & other #institutional #investors, same investors allocated less than $2 trillion over a 25yr period into #infrastructure #investment in #EmergingMarkets

/3 #WhatDrivesClimateAgenda
Read 7 tweets
My 140 favorite quotes from The Ethics of Money Production (2008), by Jörg Guido Hülsmann
1. #Money is omnipresent in modern life, yet the production of money does not seem to warrant any moral assessment”. J.G.Hülsmann
2. “To be sure, central bank representatives are lecturing the public on the importance of business #ethics; but their concerns do not seem to apply to themselves”. J.G.Hülsmann
Read 142 tweets
@DamianGawryluk You’re very warm...keep going! There are profound implications for #crypto custodians from footnote 13 of the SEC’s new guidance...I’ll be back with more later 🤠🤠🤠... @propelforward @NYcryptolawyer @josh_blockchain @AndreaTinianow @AnnetteNazareth @stephendpalley
@DamianGawryluk @propelforward @NYcryptolawyer @josh_blockchain @AndreaTinianow @AnnetteNazareth @stephendpalley 1/ OK here's what it means. The SEC's new guidance would have been a bummer for the #crypto custody industry were it not for #Wyoming's new #SPDI law, bc there's precisely one--only one--type of bank that satisfies the SEC's key rqmt w/o tripping over other regulatory landmines.
@DamianGawryluk @propelforward @NYcryptolawyer @josh_blockchain @AndreaTinianow @AnnetteNazareth @stephendpalley 2/ #Wyoming designed the #SPDI law to thread this v precise needle--to be a bank when it NEEDS to be (eg, to satisfy good control location) but not to be a bank when it doesn't want to be (eg, to avoid tripping bank holding co status). The impact? The #crypto custodians that...
Read 12 tweets
1: The global banking industry is showing signs of renewed health:

i. Deep capital reserves-Tier-1 capital is at decade-high ~12.6%.
ii. High liquidity: Loan-to-deposit ratio fell to~90%, as comp. to 120% in 2007
iii. Innovation: Investment in digital capabilities & partnerships
2: Banks have taken an axe to costs, yet profits remain elusive (falling ROE and P/B Multiples), leading to depressed valuations.

The unstoppable march of ‘Four Horsemen’ —Disintermediation, Commoditization, Unbundling/Rebundling, and Invisibility— continues.
3: Technology is breaking up traditional value chains into new stacks.

—Traditional Model: Banks vertically integrated. Competition between banks with similar offerings.
—New Model: Modularization. Specialized service providers compete on product innovation and distribution.
Read 12 tweets
1) BOOOOOOOOOOOOM! 3 more #blockchain bills cleared the #Wyoming legislature today & head to @GordonGovernor's desk for signature! The special-purpose depository institution, tokenized corporate stock certificates & Secretary of State blockchain integration bills all passed today
2) The special-purpose depository institution (SPDI) is esp impt. It helps solve the #blockchain sector's prob of difficulty accessing basic US$-only #bank accounts, which v few banks offer to start-ups. Many horror stories of start-ups shutting down bc banks closed their accts
3) US businesses that lose their bank accts go out of biz (for ex. IRS requires withholding taxes to be paid electronically via a bank acct). It’s critical to success of #blockchain sector that more than just a few banks serve industry (for basic checking/payroll/cash mgmt accts)
Read 12 tweets
1/ TWEETSTORM about #Wyoming’s BIG REVEAL. This is long & info-packed, so buckle in. My native state is about to do bigger things for #blockchain, & the sector is about to pay Wyoming back big-time. Win-win! @Tyler_Lindholm @SenatorDriskill @TraceMayer @ForbesCrypto
3/ New bill 2 parts. 1-Digital asset custody via #SEC #CustodyRule wld create first true #QualifiedCustodian for digital assets (for investors who by law can’t self-custody). 2-Defines property rights for digital assets—doing something HUGELY IMPT for #bitcoin/virtual currencies
Read 40 tweets
FIRST DOJ INDICTMENTS UNSEALED: Clinton Foundation-Connected Bank “Mossack Fonseca” Tied To Money Laundering dailycrusader.com/2018/12/first-…
WASHINGTON, DC – As reported by Courthouse News Service, Federal prosecutors announced #charges this Tuesday against #FourMen connected to the law firm #MossackFonseca which has extensive ties with the #ClintonFoundation
The #charges line up with several of the #SealedIndictments requesting #wiretaps, #PRTTorders, and search warrants which were leaked by the DOJ recently and reported on by the Daily Crusader (see our full report on the #DOJ’s leaked search #WarrantIndictments 👇🏻👇🏻👇🏻
Read 13 tweets
1/ TWEETSTORM to answer ?s many asked abt #Wyoming's new #blockchain bills, including blockchain-friendly #bank bill. Bottom line: in addition to enacting 5 blockchain-friendly bills in 2018, 6 more bills have an elevated chance of becoming law bc they're now "committee bills"...
2/ ...& more bills are coming. Told ya' #Wyoming isn't done yet! Major opposition from the banking industry to the #bank bill & we weren't sure of outcome, but it v powerful committee endorsed it 13-1 & the only vote against it came from a banker. Next step=legislature in Jan...
3/ ...with momentum behind it (tho it's not law yet!). WY Banking Commissioner approached us after the 13-1 vote came in, to start rule-making work now. We're forming a group thru Digital Asset Trade Assoc (@asset_trade)--email info@digitalasset.org if you'd like to join that...
Read 15 tweets

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