$625B Fed Money Print Primes The Pump For Hyperinflation

marketingmonk (71)in #crypto • 5 years ago

The Fed will begin purchasing more assets every 7 day period than they did over the entire 7 month period of QE2. This comes off the back of the news that the US Senate has declined a stimulus bill saying it doesn't too much for corporate America and not enough for average Americans.

The SNP reacted negatively to this news despite a video clip making the rounds on 60 minutes

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60 minutes clip:
https://twitter.com/Vis_in_numeris/status/1241905410157805568

CNBC article on declined stimulus plan:
https://www.cnbc.com/2020/03/22/coronavirus-stimulus-congress-struggles-to-reach-a-deal.html

The SNP chart:
https://www.tradingview.com/x/KtHiMEF7/

Zero Hedge article on $625 stimulus
https://www.zerohedge.com/markets/unprecedented-intervention-fed-will-purchase-125-billion-securities-every-day

Saifedean Ammous
https://twitter.com/saifedean/status/1070222393279438849

#cryptocurrency #blockchain #thecryptoverse

5 years ago in #crypto by marketingmonk (71)