While the Fed and Donald Trump speak about infinite amount USD, Bitcoin is sticking to its monetary policy
Bitcoin was created for the situation we’re in right now.
For the first time in several decades, the world is experiencing a pandemic of incredible proportions. The reaction of the major economic powers to this pandemic is clear: priority to the health of populations.
At the time of writing, more than 2 billion people around the world are confined to their homes. The aim is to limit the spread of this virus as much as possible.All countries are following the recommendations of experts on this point. All but one: the United States.
The main reason why the United States does not follow this worldwide movement to stop the spread of the coronavirus is that its president, Donald Trump, seems not to realize the danger that all Americans are facing.
All the measures he has taken over the last fortnight have been in one area: the economy.
Donald Trump already seems to be preparing for the post-coronavirus crisis with measures aimed at avoiding too great an economic recession in the United States. Some bad tongues will even go so far as to say that he is doing this to preserve his chances of re-election in November 2020.
In this context, on Saturday March 28, 2020, Donald Trump made a rather incredible statement about the measures taken to support the American economy:“The beautiful thing about our country is $6.2 trillion, because it is 2.2 plus 4. It’s $6.2 trillion, and we can handle that easily because of who we are, what we are. It’s our money; we are the ones, it’s our currency.” — Donald Trump
This statement clearly shows Donald Trump’s pride in the fact that the Federal Reserve can print an unlimited amount of U.S. dollar.
Of course, Donald Trump does not specify that this infinite impression of the U.S. dollar is at the expense of the wealth of American citizens. Indeed, the $6,000,000...