Lets Print Some Money

Lets Print Some Money

By CoachCCAlbert | Musings of the Mind | 13 Jan 2021


It is amazing to see that the money supply is greatly increasing almost every day here in America.   We are beginning to see the reaction in the bond market as rates continue to rise despite the federal reserve keeping rates at zero.  We are also seeing commodities such as oil going up too as the value of dollar continues to shrink against anything tangible.  What is the end game?

Bitcoin has had a rapid rise and just like anything else, it will see some pullback as the flow of money changes.  Though bitcoin is not tangible, it is a great store of value as long as there is buyers and sellers making a market in which it can  be traded.  Once that stops, it is worthless.  Bitcoin can certainly be a global factor is which fiat money will gravitate towards since there is no storage costs like regular commodities.  

I just having an increasingly hard time in keeping my faith in paper money.  Everytime I use cash, which is less frequent, I think how I am literally trading pieces of paper with no intrinsic value for goods and services.  

What is your prediction of the end result?

How do you rate this article?

3


CoachCCAlbert
CoachCCAlbert

I am a well rounded person with vast experiences in life. I can talk about almost anything


Musings of the Mind
Musings of the Mind

For us introverts, we probably spend most of our time inside of our minds concocting ideas, philosophies, and even very strong opinions which we would surely be willing to share if we just had the energy to bring them outside into where everyone can see them....this blog is simply for the purpose of ideas and thoughts that maybe expounded upon after you read them. Some will be deep and others superficial, but either way, they are now out there for public consumption.

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.