Loading ...First of all, they created tons of excessively printed US Dollars to support the US economy. To over ride inflation, and too much money chasing too few goods, tons of existing money is getting captured in stocks and bitcoin.
But the minute it looks like things are getting bad inflation wise, they raise rates and crash the Bitcoin and stocks, and make tons of people’s money evaporates, and less money supply to fuel inflation?
The last time the Fed sponge mopped money supply out of the system, was when every one and their uncle put all their money into Silver and Gold. They raised rates, and all that hard earned and mattress money disappeared into money heaven.
I don’t think there enough unspent monopoly money buried in Gold and Silver these days for them to worry about. Plus bank and gov’ts supposedly have been buying Gold. The cheaper the better, $1900 is cheap.
So, having Bitcoin is a great “drainage ditch” or “sewer pipe” leading to the sewage treatment plant for bulk amounts of public money supply.
Entertainment. 🙂