Post by twetch#2275

twetch#2275 6.4y
1AE48v…F1NS Key · twetch

if they print another 3 trillion it will be a record for the most money printed in a single go

they are about to turn every dollar in your pocket into $0.50 and yall cheering them on like its a celebration

What the chain says
Transaction
1287bfdbd0cf6ae3e36c3f2af6f905e405a8bb5da40e88a1f8249afb94e1ec09
Block
635 505
Time
2020-05-18T20:11:40Z
Signer
1AE48vXR3aXUzEtmhRDVomrymGvETqF1NS
App
twetch
Type
post
Content type
text/plain
Name in tx
twetch#2275

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1AE48vXR3aXUzEtmhRDVomrymGvETqF1NS Verified

Reposted by (7)

Replies (24)

twetch#22874 6.4y
17EtF6…XdQm Key · twetch
Replying to@1AE48v…F1NS

Remember when everyone said that if China dumped all its treasury holdings it would be catastrophic for the US dollar? Well, everything that China owns represents less than half of what the Fed monetized in the past 6 weeks. Welcome to the new normal 😂

twetch#1489 6.4y
1G7DLq…4kZS Key · twetch
Replying to@1AE48v…F1NS

What do you think it would happen if they did not print them? Everything would be fine and your USDs would be more valuable?

twetch#2584 6.4y
17mNxa…zGjY Key · twetch
Replying to@1G7DLq…4kZS

Case 1 Fed doesn't print money like fools: Depression.

Case 2 Fed prints money like fools: Depression, worthless USD, lost credibility, New status as third world nation and all that implies.

twetch#1489 6.4y
1G7DLq…4kZS Key · twetch
Replying to@17mNxa…zGjY

What do you think is the effect of Fed support on diminishing the severity of the depression?

twetch#2584 6.4y
17mNxa…zGjY Key · twetch
Replying to@1G7DLq…4kZS

Fed only makes things worse. They have bogus tools: 1. change interest rates and 2. print money. Printing money creates inflation, albeit there is a delay. Manipulating interest rates prevents/delays the corrective behavior of the free market.

Continue thread →
twetch#2223 6.4y
1JM6co…tQHL Key · twetch
Replying to@1AE48v…F1NS

Who saves dollars anymore lmao.

twetch#2459 6.4y
1MvsDN…NWxj Key · twetch
Replying to@1JM6co…tQHL

save bitcoin

twetch#6122 6.4y
1CnMfs…PLK4 Key · twetch
Replying to@1AE48v…F1NS

they're going to more than quadruple the current levels of QE lol

twetch#2924 6.4y
17nT6H…Wc6g Key · twetch
Replying to@1AE48v…F1NS

What would you propose be the solution Randy? Would you reopen the economy now? I personally think we could see as much as 40% of small businesses not opening back up. Our economy is getting hammered right now.

twetch#5040 6.4y
1NnjDh…PK5T Key · twetch
Replying to@17nT6H…Wc6g

There should never be any government meddling in the economy, with the occasional exception of international affairs. The market knows best and runs smoothest when it's not manipulated. The market can't evolve appropriately with constant manipulation...

twetch#5040 6.4y
1NnjDh…PK5T Key · twetch
Replying to@1NnjDh…PK5T

..We are in the position we're in because of govt manipulation. Recessions and depressions are not natural in an unmanipulated market. Bubbles exist because of government acting as a central planner for the economy. The economy will crash if govt doesn't..

twetch#5040 6.4y
1NnjDh…PK5T Key · twetch
Replying to@1NnjDh…PK5T

.. do anything, but it will crash even harder when it becomes absolutely inevitable. If the dollar becomes hyperinflated, then there will be nothing more that the government can do. It will be all out of cards, and that's when the super crash will come.

twetch#2275 6.4y
1AE48v…F1NS Key · twetch
Replying to@1NnjDh…PK5T

yes, the entire system needs uprooting

twetch#204 6.4y
1DQdsQ…XkZg Key · twetch
Replying to@1AE48v…F1NS

Yeah at least Bitcoin protocol is set in stone though.

This thread is longer than one page shows. Open a reply to see what follows it.

peck
More
Functions Registry
Connect Wallet
About · Disclaimer · ⌁ overlay.social