The Magic Money Machine Goes WHRRRRRRRRRRRRRR.


Now, I am not usually out here promoting other people’s YouTube videos, but, Adam Schiff probably breaks this down in about as simple a way as possible. Even if you do not live in the United States this will be a worthwhile watch. Simply, the idea that the dollar is being printed to the tune of trillions cannot happen in a vacuum, it will have far reaching consequences.        

(How does this relate to my usual rants on the government and institutional investors impacting the crypto world, well if you truly believe that the dollar is going to become a second-rate currency over the next few years, what better place to turn to then the currency looking to replace it.)

In essence, people are only listening to the first part of the discussion about the printing of money and tuning out the obvious conclusion. The idea that borrowing/printing/creating/printing money is not that big of a deal because interest rates are so low is the current talking point explaining why this is not a big issue. The kicker is, no one is explaining what happens when interests’ rates rise to stem inflation. Inflation will happen, unless someone can explain another way that the printing of money, with or without any backing, impacts economies.

Like I said, Adam Schiff says it a lot better than me, so I will just let him explain. If you have a few minutes watch the video. If you have a few hours, watch the next ten in queue.

 

 

Thanks for reading, and I will leave you with a quote from US Treasury Secretary, take from it what you will:

To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target. -Janet Yellen

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SeventyFourSeventyFive
SeventyFourSeventyFive

I am an American aquarium drinker. I assassin down the avenue. I'm hiding out in the big city blinking. What was I thinking when I let go of you?


Crypto, Taxes and Regulations
Crypto, Taxes and Regulations

You have made some money. So, now what? Boring but important information on how the government expects their share of your earnings.

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