Quantitative Easing into infinity...
Foss, Lavish, Lawrence & Pysh
As I am someone that is very interested in learning and searching for information all the time, today I stumbled upon a very interesting discussion between 4 (former) hedge fund managers, Foss, Lavish, Lawrence & Pysh at a Bitcoin convention in September this year.
The conversation was very interesting and was mainly focussed on the debt problem in the United States of America.
Which showed that the Federal Reserve only has only viable solution to the current interest rates and the deficit problem. And that is...
Quantitative Easing into infinity
As the debt spiral is going on, the only way out of this situation is, to keep on devaluating the US Dollar by Quantitative Easing into infinity. And they are expecting a move by the Federal Reserve pretty soon, and if we may believe them it will be a very blunt move. An unseen quantity of Quantitative Easing is heading our way. Sooner or later. There is no way around it. It will take interest rates down, and further dilute the US Dollar. It will raise the debt nominally, but due to the dilution or devaluation it will make the debt "shrink", temporarily. Which will eventually create the same debt spiral, and it will keep on going on like that, up until infinity.
You can watch a summary of the discussion here:
This is an enormous for Bitcoin and other crypto currencies.
We know what to do!
Posted Using InLeo Alpha
😉 yes.. such a viscous, never ending cycle.. i'm with Ben.. better to go without than to go into debt for anything.
It's just a matter of time before the only viable solution doesn't work anymore. And that time could come soon with the way things are going.
They are just like that, try as much as they want, take as much time as you want, eventually Bitcoin has to go up.