RT Handre van Heerden (@Handrev)The 1920-21 depression was arguably more severe than 1929's initial crash - unemployment hit 19%, industrial production collapsed 32%, and wholesale prices plummeted 37%. Yet this economic catastrophe has been virtually erased from mainstream economic education because it demolishes the British pedophile John Maynard Keynes' narrative that government must intervene to save capitalism from itself.President Harding did the unthinkable by modern standards: absolutely nothing. No ...

Group 1: Historical Financial Rescues - J.P. Morgan's intervention in 1907 led to the creation of the Federal Reserve in 1913 after he gathered New York trust company presidents for a rescue package [3] - The U.S. profited approximately $580 million from the bailout of Mexico during the 1995 Tequila Crisis due to early repayment and interest premia [3] - President Gerald Ford initially rejected New York City's plea for help in 1975 but later authorized $2.3 billion in federal loans [4] Group 2: Notable Bailouts and Their Outcomes - The Federal Reserve facilitated a $3.6 billion bailout for hedge fund LTCM in 1998 without using taxpayer dollars, involving 14 banks [4] - The Troubled Asset Relief Program (TARP) authorized $700 billion in 2008, but the actual lifetime cost was around $31 billion, with many bank investments generating profits [5] - Greece received a total of 288.7 billion euros (approximately $337.8 billion) across three bailout programs from 2010 to 2015, including the largest sovereign debt restructuring [5] Group 3: Modern Bailout Strategies - Cyprus implemented a "bail-in" in 2013, converting 47.5% of uninsured deposits into equity to recapitalize Bank of Cyprus [6] - In 2023, U.S. regulators ensured all depositors were made whole after the failures of Silicon Valley Bank and Signature Bank, while shareholders were not compensated [7] - UBS acquired Credit Suisse in 2023 with significant liquidity support from Switzerland, resulting in the wiping out of AT1 bondholders while shareholders received UBS stock [7]

Bitcoin's Core Argument - Bitcoin was created in 2009 as a hedge against monetary inflation and government bailouts [1] - The UK is selling $65 billion in seized Bitcoin [1] Market Outlook - The author suggests bailouts are a recurring issue, implying continuous upward pressure on Bitcoin's value [1]