Think about the tools the Fed and other central banks have at their disposal. What are they good for?
In this video I discuss how the Fed can fight inflation in a second. Deflation is another issue. They cannot fight that with monetary policy.
▶️ 3Speak
It's pretty clear that the tool set central banks' disposal is rather limited. What they can do is like pushing with a rope. The financial system is sophisticated enough to be able to absorb any amount of monetary stimulus. This is pretty horrible for Main Street but as a crypto investor I'm not complaining as the extraordinary amounts of monetary stimulus has forced institutional investors to find new investment vehicles which as led them to the crypto space.
The only thing that would make a difference is helicopter money delivered directly to consumers. We haven't seen that, yet. Has any country done that, yet?
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Not to my knowledge. But it is something they are going to have to do. There is no way around it in my opinion. Things are taking a hit and this move towards the "great reset" is going to cause horrific economic conditions.
You are correct, all of this is horrible for mainstreet. The average person is being screwed by what the "elites" are doing.
It simply is going to require direct stimulus to get things moving. Putting money into banks or Wall Street's hands does very little good.
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Absolutely correct!
The financial system aka Keynesian economics has come so far or become so bad, that only direct stimulus will help keeping the system up and running and thus keeping the power in the hands of the "elites".
In my view this is exactly why the pandemic is consciously being used as a tool to establish the "great reset". Nothing more. And a highly likley result will be CBDCs in place, which will ultimatley provide the tool to execute helicopter money or direct stimulus.
That's how simple the COVID-19 pandemic and the global financial situation are interlinked.
Unfortunately new technologies - in this case blockchain technology - will be used against humanity and the masses. But that's always been the case in human history.
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cuz they care about the ppl lulz
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STOPYeah totally crap 😒 for years they need to improve and change printing money 💰 seriously
It will be interesting to see what crypto can do.
Many more tools in the chest.
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I think we have to ask ourselves:
Why is deflation bad?
Why is unsustainable cancerous growth celebrated and gluttonously fed?
I think the answer lies in the proles.
People who live paycheck to paycheck can't survive the winter and then the entire broken system collapses.
Doesn't have to be that way.
A contracting/expanding economy that doesn't collapse is a sign of balance and health. No one knows what a healthy economy looks like.
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