Federal Reserve to Print 50 Bitcoin Networks Worth of USD
What does it matter when you have “infinite” dollars? If this continues, we’ll see a future where one of these cherished rolls of toilet paper goes for $1 million US dollars – just like Venezuela!
“Central banks around the world are firing up their money-printing machines. The collective opinion seems to be that the best way to combat the economic effects of the coronavirus is by throwing money at the problem.
After days of frantic discussions between both parties, an initial $2tn deal has finally been reached. This is a ‘bipartisan agreement on a historic relief package for this pandemic,’ Senate Majority Leader Mitch McConnell said. But that’s just the start. The Federal Reserve has pledged to print as much as $6TN… and there could even be more to come.”