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.
Here is further discussion of the issue:
ReplyDeletehttps://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?
Here is additional discussion concerning the probability of hyperinflation:
ReplyDeletehttps://www.zerohedge.com/markets/peter-schiff-hyperinflation-now-most-probable-scenario