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19.04.26 - 09:12
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Carmakers scramble to plug £3bn shortfall for UK loan scandal payouts (The Guardian)
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Filings suggest manufacturers' lending arms have massively underestimated bill from FCA's £9.1bn redress schemeCarmakers are under pressure to drum up £3bn to cover payouts for motor finance scandal victims after failing to adequately prepare for a UK-wide compensation scheme that is due to begin this summer.Company filings show the lending arms of big vehicle manufacturers including Ford, BMW, Stellantis and Volkswagen may have massively underestimated the final costs of the financial regulator's £9.1bn redress scheme. Continue reading......
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18.04.26 - 16:45
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The Architecture Of Abundance: How Bitcoin Reveals The Truth Of Time And Technology (ZeroHedge)
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The Architecture Of Abundance: How Bitcoin Reveals The Truth Of Time And Technology
Authored by Sylvain Saurel via 'In Bitcoin We Trust' Substack,
How escaping the fiat illusion and holding the world's hardest money turns the relentless march of technology into unprecedented purchasing power.
Look closely at the image below:
On the left, two standard Papa John's pizzas, purchased in 2010 for the seemingly arbitrary sum of 10,000 Bitcoin. On the right, a colossal supertanker cutting through the ocean, a leviathan of modern engineering carrying millions of barrels of crude oil - the literal lifeblood of the global industrial economy. Today, a mere 26 Bitcoin commands this staggering vessel of kinetic energy.
If we run the mathematics of this evolution, the implications are paradigm-shattering. In a span of roughly a decade and a half, the purchasing power of that original 10,000 Bitcoins has metamorphosed from two boxes of delivered fast food into the equivalent of 384 supertankers of oi...
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