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ETH · 4w

Reminder: The Federal Reserve said there is an "INFINITE AMOUNT OF CASH". This is quite literally the reason crypto was created.

These are some of the highlights from the shocking 2020 60 Minutes Interview with the President of the Federal Reserve Bank of Minneapolis, [Neel Kashkari]( He is an American banker, economist, and politician. Interviewer: "Can you characterize everything that the Fed has done as essentially flooding the system with money" Neel: "Yes exactly" Interviewer: "and there's no end to your ability to do that?" Neel: "There is no end to our ability to do that" Interviewer: "Is the Fed just going to print money?" Neel: "That's literally what the congress has told us to do. That's the authority they have given us" Interviewer: "What do you say to the person that's about to go to an ATM to cash out all of their money" Neel: "Your ATM is safe. Your banks are safe. There’s enough cash in the financial system and there’s an infinite amount of cash in the Federal Reserve." We might get lost in short term price actions but we must not forget crypto is here to give people a much better alternative. If you could use a cryptocurrency as a digital peer-to-peer cash, what would it be? Here is a [video]( from Altcoin Daily breaking down this Interview.
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