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QIAN
Don’t Like the USD System in Which You Are Trapped? Participate in Building a Better System With Bitcoin. ๋ณธ๋ฌธ
Don’t Like the USD System in Which You Are Trapped? Participate in Building a Better System With Bitcoin.
Qian 2021. 11. 9. 11:55More than 35% of all U.S. dollars currently in circulation have been printed in the last eighteen months. The US debt has increased over the same period by several trillion dollars and is now close to $29T. There is no doubt that $30T will be reached in the coming months.
America's public debt to GDP ratio is now between 125% and 130%. The time when having such a ratio above 100% was an exception is over.
To support the current system at all costs, the Fed has been conducting an ultra-accommodating monetary policy since March 2020 which has inflated its balance sheet like never before. It now exceeds $8,500B:
The Fed's massive asset buyback program of at least $120 billion each month has made it join BlackRock as the world's largest asset manager. Yet this is not the role of the Fed, which is America's central bank.
Don’t Like the USD System in Which You Are Trapped? Participate in Building a Better System With Bitcoin.
The future belongs to those who decide to change their present by acting.
inbitcoinwetrust.substack.com
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