There is an infinite amount of cash at the Federal Reserve.”

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https://preview.redd.it/7ifvvoiyoova1.png?1275&format=png&auto=webp&s=e18f39670f7ab7058a034586de660615b21bfc0e

This is just a reminder about something that was actually said by President of the Federal Reserve Bank of Minneapolis.

What did he think by saying that?

Maybe he tried to say something else, but what he said is that the government is creating money out of thin air, and they can stretch the currency you currently own indefinitely.

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It feels good because someone who is actually "on position" is saying exactly what most of us on this sub keep repeating in a loop.

It also feel scary because looks like they have no idea what are they doing, and because they can print infinite ammount.

“The process by which banks create money is so simple that the mind is repelled." - John Kenneth Galbraith

For a comparison, there is only 21,000,000 of Bitcoin. There will always be 21 million BTC. In the years coming last of BTC will be mined and there will still be 21,000,000 BTC. That is a huge difference between Federal Reserve and crypto.

The way I see it, the more they print, the more will go into BTC.

What do you think could happen if they start printing money out of thin air? Oh wait, they have been doing that for years.

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