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
Post by twetch#1489
What do you think it would happen if they did not print them? Everything would be fine and your USDs would be more valuable?
What the chain says
- Block
- 635 505
- Time
- 2020-05-18T20:11:40Z
- Signer
- 1G7DLq695juhR7QFz5jn1AaXH55Hxn4kZS
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#1489
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
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1G7DLq695juhR7QFz5jn1AaXH55Hxn4kZS VerifiedReplies (14)
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.
What do you think is the effect of Fed support on diminishing the severity of the depression?
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.
So, the Fed printing money and buying bonds would increase or decrease the severity of a possible depression?
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