I think services like Fidelity are meaningfully disrupting banks. I much rather have my money in a money market fund then a deposit checking account. Most loans are not being held on bank balance sheets any more either, but are getting sold to the market, so they're no longer as critical a part of the financing stack.
And we're still early days on stable tokens and the defi infrastructure around them.
Minor nit: The gov't doesn't give the loans, they underwrite & insure the loans.
Also the Russian demands (per their 2 'treaty' proposals) is for restoration of geopolitical map to 1997. It is true (and interesting) that Western press tries to formulate this as "about Ukraine" but the documents (which are plain English) clearly demand a strategic retreat and restoration of spheres of influence between great powers.
From the Russian perspective, it is certainly true that having forward nuclear capable installations bordering Russia renders Russian options for nuclear retaliation null and void. This is something Putin spent a great deal of time explaining a few years ago: it disrupts the Russia MAD protocols and thus is "dangerous" (per Putin) in that Russians seeing (nuclear capable) stuff flying over from across the border have no way to determine if the attack is conventional or nuclear. So what Russians want is really a long enough window for the MAD protocols to be meaningful. TLDR: Russia believes these installations create the opportunity for decapitating Nuclear First Strike by NATO on Russia.
I think this is the biggest failing of the reporting class regarding this (imho fairly serious) development: framing this as about Ukraine whereas it is strictly about great power balance. The subtext here is that our chattering classes no longer consider Russia a "great power" and thus dismiss those concerns. The most sensible approach for Russians is to place equivalent hardware in Cuba and Venezuela, and equalize the "first strike" insecurities. If West then smashes the Russian installations, then I suppose Russians can go ahead and do the same to everything NATO "post 1997" in "former Warsaw Pact" nations.
Twitter suspended Ms. Greene’s account after she tweeted on Saturday, falsely, about “extremely high amounts of Covid vaccine deaths.”
Now before everyone freaks out - we've changed the claim around what a vaccine does. It's no longer intended to prevent spreading covid or prevent contracting covid, it's just intended to reduce symptoms of covid. So if that's your definition of vaccine efficacy then I would agree her claims were false.
By framing this whole thing as a hostility by the US towards Russia, you're saying that Ukraine isn't a sovereign nation, which can choose to ally with whomever and join whichever organization they want. So yeah that's Putin's narrative: Ukraine is a part of Russia and doesn't get to make those choices. That's the Russian perspective.
It's akin to arguing that Cuba joining a Russian military alliance and re-installing ICBMs on their territory is totally fine because Cuba is a sovereign nation and can do whatever they want.