Monday, March 23, 2020

What's At The End Of The COVID-19 Tunnel ???

Here is what at first may seem to be a comforting fact:

There's an infinite amount of cash at the Federal Reserve.

Source - https://www.zerohedge.com/markets/kashkari-says-fed-has-infinite-amount-cash-we-create-it-electronically

Yes, they can just shit fiat money out of thin air. But is that a good thing if there's no underlying economy to support that cash?

Here's something to watch for in the coming days as a flood of "money" pours out of the Federal Reserve System and the Treasury - it stems from this somber observation found in Kelly Mitchell's book Gold Wars:

Most hyperinflations feature a disappearance of the coinage. When the penny disappears, mark that date down. Hyperinflation may be near.

You can read the rest @
http://sainthoward.blogspot.com/2013/12/gold-wars-must-read-book.html

If our currency hyperinflates as a result of these COVID-19 measures, all hell will break loose.

Is this really a good time to open the funny money floodgates in such a massive and potentially reckless way? I have no idea, but we're going to find out.

2 comments:

  1. Here is further discussion of the issue:

    https://www.daytondailynews.com/news/federal-reserve-lend-300b-businesses-cities/dTuN3SqzCS7CxFZJ9TW60K/

    Should we be trying to preserve more of the same, or should we be creating something different?

    What do you think?

    ReplyDelete
  2. Here is additional discussion concerning the probability of hyperinflation:

    https://www.zerohedge.com/markets/peter-schiff-hyperinflation-now-most-probable-scenario

    ReplyDelete