Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
It's bitter reality but you can only do one and those who believe Bitcoin knows the history of government and now they trust the Bitcoin.You just understand the chronology of this and Bitcoin will be your sole savoir.
After a year of printing trillions of $$$, the U.S. govt thinks nothing of throwing another $1.2T onto the pile:
https://www.cnn.com/2021/11/06/politics/president-joe-biden-infrastructure-bill/index.html
And they have another multi-trillion $$$ bill waiting in the wings already.
Get prepared for more of these, like every 1-2 years. Money printer continue go brrrr. It won't stop.
As I understood it this bill is actually not paid for by going brrrr but with higher taxes for large corporations. However that does not mean they've stopped going brrrrr, but in separate news they are winding down the QE progressively ATM. Still enormous amounts piling on to a humongous amount, the effect of which on inflation we are only just starting to feel.