Francesco Carbone (@usemlab) profile picture

Host of the Italian Podcast Il Truffone. A sound economic view on the Big Picture while Keeping Track of Relevant Details https://teapawt.net/t.co/9pNy9SIQIf

Tuscany
Joined December 2009
Photo by Francesco Carbone (@usemlab)Photo by Francesco Carbone (@usemlab)Photo by Francesco Carbone (@usemlab)Photo by Francesco Carbone (@usemlab)Photo by Francesco Carbone (@usemlab)Photo by Francesco Carbone (@usemlab)Photo by Francesco Carbone (@usemlab)Photo by Francesco Carbone (@usemlab)Photo by Francesco Carbone (@usemlab)Photo by Francesco Carbone (@usemlab)
Francesco Carbone retweeted
Replying to @vonderleyen
Thank you, for having contributed to destroy people's wealth and freedom. Thanks to you european people are poorer, and economy is completely wasted
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Francesco Carbone retweeted
The Great Inflation era that began in 1965 was driven by heavy stimulus, massive monetary expansion, flawed economic theories and War( 70s). Six decades later, we find ourselves in a strikingly similar predicament: aggressive stimulus, loose monetary policies, and now, disruptive warfare that has caused significant drawdowns in strategic reserves and record-high pump prices..mirroring the 1970s oil embargo that sparked the subsequent stagflationary era. Right now, there is a significant chance we are heading into a severe inflationary cycle that could wreak havoc on equities, Main Street, and global stability. This time around, it will not be an easy fix. Back then, global economic balance sheets were much healthier. Today, we face a deteriorating economic outlook burdened by unprecedented debt levels. Below, I have charted today's Dow Jones and 10-Year Gov. Bond yield against the Great Inflation era of the 1960s, and the technical indicators look chillingly similar. Interesting times ahead. Brace for significant volatility moving forward. Stay safe, disciplined, and most of all, informed. The Great Martis.✨
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Francesco Carbone retweeted
Modern monetary theory is merely old-world chartalism repackaged to legitimize infinite deficit expansion. Bitcoin proves the Austrian school: genuine value flows from scarcity, utility, and voluntary market choice.
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Francesco Carbone retweeted
Who wants to tell all the Bitcoin pumpers who are celebrating the END OF GOLD that Mercury 198 costs $450k per ounce to produce & is radioactive for 15 years⁉️😂 silvertrade.com/news/preciou…
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Francesco Carbone retweeted
Me l’ero perso. SRA TO SFE RI CO!!! Non avete diritto a niente!!
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Francesco Carbone retweeted
🚨 Google lost power in London this morning and Revolut, a bank with 80 million customers, went down with it. I've spent the morning reading what Revolut users went through. It's wild. People stranded at petrol stations, unable to pay for fuel or a taxi to the airport. One traveller couldn't get out of a train station in Japan. A 71-year-old woman stood at a supermarket till for an hour. Her kid had to drive 30km to bring her cash. Card payments, transfers, ATM withdrawals, currency exchange, share trading. All down. Revolut's statement said "all our customers' money and data are safe." Safe. You just can't touch it. Google's explanation so far is a "power event" in one zone of its London cloud region. Its advice to affected customers was to move their workloads to another zone or region "if feasible." Must be nice. Revolut customers couldn't even move £10. In July the UK government put Google Cloud, AWS, Microsoft and Oracle under direct Bank of England oversight, because one outage at any of them could shake the entire financial system. 12 days ago the Bank of England ran a drill with the UK's 38 biggest banks and market operators. The scenario they practised was a global cloud outage. And exactly one year ago today, AWS went down and took Lloyds and Halifax with it. Same date. Different cloud. Lloyds was having problems again this morning. Revolut spent five years earning a UK banking licence. Bitcoin has been running for almost 18 years. It doesn't have a London region.
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Francesco Carbone retweeted
🚨 They Planned the 2020 Lockdowns to Secretly Bail Out the Banks With $6 Trillion Without Hyperinflation They didn’t lockdown the world because of a virus. They locked you down because the entire banking system was already on the brink of collapse. In September 2019 the REPO market exploded. Overnight lending rates spiked. Corporate loans and derivatives were quietly failing. There was no cash left in the repo market and in the system even through banks had Treasuries as collateral. The Federal Reserve was staring at a full-blown liquidity crisis that could have taken down major banks. Then, just weeks later, a “once-in-a-century” virus conveniently appears. By early 2020 the Fed starts pulling hundreds of billions out of the REPO market… right as the first cases hit U.S. soil. They shut down the entire economy. Why? Because if people stop spending, stop borrowing, and stop circulating money, the system can suddenly print $6 TRILLION and dump it straight into the banks without causing immediate hyperinflation. The lockdowns were a financial operation. While you were terrified of a virus and watching your business die, the biggest bailout in history was being executed behind closed doors. The timing wasn’t coincidence. The scale wasn’t accident. The narrative wasn’t organic. They needed you scared, isolated, and offline so they could quietly rescue the system that was already breaking in 2019. This wasn’t chaos. This was the plan. The famous City Of London banker @LordBelgrave already warned about how central banks, IMF and BIS have been planning the new monetary order. Oil shock? AI crisis? Cyberattacks? They’re already preparing for the next one.
ヨーロッパの没落は計画の失敗ではない。 それは計画である。 他の 主要な 民主主義国 は 次に 列に もし社会が無制限に寛容であるならば、その寛容である能力は、最終的に不寛容な者たちによって奪われ、破壊されてしまう。
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Esattamente questo!
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Un politico normalmente è un cialtrone, può essere un criminale, ma quando se ne sbatte dell'opinione pubblica è un maledetto psicopatico
Crosetto ammette che la maggior parte degli italiani è contraria all'invio di aiuti a Kiev, ma non gli importa cosa pensino le persone che dovrebbe servire: "Non possiamo cedere all'opinione pubblica quando riteniamo che l'opinione pubblica sia sbagliata". Sipario.
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Francesco Carbone retweeted
Bitcoin is a bloodless revolution.
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Francesco Carbone retweeted
Europas ledare har lyckats med ett otroligt geopolitiskt hattrick: Man gjorde sig beroende av Ryssland för energi, Kina för handel och USA för sin säkerhet, och har på något vänster lyckats bli ovän med alla tre samtidigt. Ett rent mästerverk i självskadebeteende.
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Francesco Carbone retweeted
BANK OF AMERICA ONCE SAID #BITCOIN "HELPS CRIMINALS HIDE ILLEGAL MONEY" TODAY, THEY GOT FINED $1,200,000,000 FOR MONEY LAUNDERING 🤡
🤖 Made with AI
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Francesco Carbone retweeted
MYTH: "Bitcoin is for criminals." REALITY: Traditional banks handle over 95% of global money laundering.
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Francesco Carbone retweeted
Replying to @Muhamma55910196
Selgin is a clown incapable of making actual arguments, just snarky eyerolls.
I have wasted enough time on Selgin's snarky eyerolling. I flew to NYC to debate him on this and he got on stage and said he thinks bitcoin's monetary policy is good and has no problems, and instead he repeated silly bcash shitcoiner talking points about bitcoin that have nothing to do with monetary policy. Then, behind the safety of his keyboard, he went back to snarky content-free eyerolling about bitcoin's monetary policy, failing to make a single substantive point. You can search for our discussions and see the video below. I have a strict policy of never letting anyone waste my time twice in life, and Selgin blew his chance. I saw a comment from Larry White referencing his book, I will check that out and answer it. youtube.com/watch?v=MN4klUUx…
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Francesco Carbone retweeted
Le banche non dovrebbero creare proprio nulla, men che meno il denaro. Qualsiasi quantità di denaro è sufficiente per le esigenze di un'economia. Se però le banche non possono svolgere l'attività tipica dei falsari, cioè creare denaro, succede una cosa curiosa. Il denaro invece di perdere potere d'acquisto (inflazione) aumenta di valore (deflazione). In sostanza stipendi e risparmi valgono di più. Smettiamo di credere all'economia mainstream che ci racconta che la creazione del denaro è utile e necessaria. Lo è per chi paga gli economisti ed esperti, cioè le banche. Chiedete perché non si arriva più alla fine del mese. Perché c'è qualcuno che bara e che vi ruba i soldi mentre stanno sul conto o nel portafogli. Chiudere le banche centrali, vietare la creazione di denaro desscrivendola per quello che è: una truffa. La semplice ricetta per risanare l'economia in poche settimane.
In Corea le banche fanno credito alle imprese per il 110% del PIL, IL DOPPIO DEL CREDITO CHE LE BANCHE IN ITALIA FANNO ALLE IMPRESE, che è solo il 55% del PIL ed è fermo dal 2006. Ok ? IL CREDITO DELLE BANCHE ALLE IMPRESE è il fattore numero 1 per la crescita economica. Lo dimostrano la Corea, il Giappone, Taiwan, Singapore e la Cina. Tutti paesi dove è il doppio che in Italia Perchè sono le banche creano il denaro che circola. Se lo prestano alle imprese produttive, non alle famiglie di miliardari che si comprano a vicenda le Generali, Mediobanca, MontePaschi, hai crescita economica gz ------------------ South Korea’s non-financial corporate debt is about 110% of GDP, roughly double Italy’s ~58–59%.⁠Fred.stlouisfed According to Bank for International Settlements (BIS) data (via FRED): South Korea: 110.4% of GDP in Q4 2025 (recent quarters around 110–111%).⁠Fred.stlouisfed Italy: 58.5% of GDP in Q4 2025 (recent quarters around 58–59%).⁠Fred.stlouisfed
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Francesco Carbone retweeted
Performance of fiat currencies since 1971: 🇻🇪 Venezuela: -99.99% 🇹🇷 Turkey: -99.99% 🇵🇰 Pakistan: -99.2% 🇮🇳 India: -98% 🇰🇷 South Korea: -95% 🇬🇧 UK: -93% 🇺🇸 US: -87% 🇨🇦 Canada: -87% 🇨🇳 China: -86% 🇸🇦 Saudi Arabia: -81% 🇴🇲 Oman: -80% 🇸🇬 Singapore: -77% 🇯🇵 Japan: -71% 🇨🇭 Switzerland: -66% This is a sign that the biggest threat to your savings isn't always a market crash but holding a currency that goes down in value every single year.
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Francesco Carbone retweeted
Replying to @matteogracis
Sei ancora molto confuso sui diritti. Un po' di educazione libertaria non guasterebbe. Vanno bene dai 6 ai 99 anni
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Francesco Carbone retweeted
Replying to @Il_Vitruviano
Bce (socialismo monetario) + politiche elettrico della UE (socialismo stile Politburo targato UE) + autocastrazione su forniture gas e petrolio (socialismo guerrafondaio UE) lo chiami liberismo. Complimenti per i voli di fantasia lessicale.
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Francesco Carbone retweeted
Seven years later and I'm still waiting
I've never come across an economist willing to explain clearly why Bitcoin's fixed supply is a problem and why and how this compromises its operation. It would be enormously valuable if someone literate could present that argument in a form more coherent than snarky eyerolls.
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