Brace yourselves for what I think might be the biggest head fake of all time.

Careful out there and GLTA.

[https://noconflictnointerest.substack.com/p/btfp-buy-the-fcking-print](https://noconflictnointerest.substack.com/p/btfp-buy-the-fcking-print)

Really liked this paragraph here, explaining Held To Maturity accounting:

"Luckily for banks, there are some funky accounting rules that say if a bank classifies its assets (which, again, are loans to various counterparties) as “held to maturity” (HTM), meaning it does not intend to ever sell the assets but rather hold them to maturity, it does not need to mark down the book value of those loans on the balance sheet because of a change in interest rates. Since the assets aren’t marked down, the banks assets continue to appear to be greater than its liabilities and the bank appears to be solvent. It just has _unrealized losses."_

Nathan Worden

The ongoing, inevitable destruction of fiat money

https://noconflictnointerest.substack.com/p/btfp-buy-the-fcking-print

BTFP: Buy The F*cking Print

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