Never ending printing named quantitative easing is the new normal and Trump hijacks the fed.
I watched the Keiser report last night and old Max said the bank of England had stated that the Q easing will never stop. That is an admission the monetary system is broken forever and that it no longer functions as it should.
The trillions from that QE is unaccounted for, like anything government does it is shrouded in secrecy where all the money goes. A lot of it goes into the stock market hence why it is still buoyant even though the USA now has record numbers of unemployed, so does almost every other country too.
I suppose I am now going to be one of the lucky generation that can remember 8% interest on a current bank account and 10% on a savings account.
That will never be seen again.
Now it is negative interest rates with people paying banks to store their money, it is insane and again proves the system is broke.
Enter crypto.
I can see a mass adoption now, a new generation of enthusiasts are not going to want to pay banks to keep their money, I do not even want to do that.
Trump (card).
I read last week how he is going to tie the fed with the treasury which then makes the president the president of the printing press too, you can use your preferred browser and find many articles with regards to that and the tweets from last week he made with regards the fed.
1 link for you = https://johnmichaelchambers.com/we-did-it-trump-ends-the-fed-as-we-know-it/
Now the problem with unlimited printing of money is as history shows, it leads to bankruptcy, hyper inflation and default. Just look at Venezuela for proof. What costs 100 today - costs 1000 next week and before you know it you need a suitcase full of notes to buy a loaf of bread.
Poland, it happened here too, a few years back now, but it happened, Mexico, Brazil, Argentina, the list is endless.
So this is why I think, just my opinion, that a new generation will boom with regards to crypto currency adoption.
Over here I have a wirex card, it looks like a bank card but I can load it with cryptos and convert it anytime I want to crappy fiat and spend it.
I also have a Nano s ledger which is a USB portable bank if you like, I keep my cyrpto on that and I am the bank manager, I get interest when crypto rises, I charge myself nothing, and I can send cryptos instantly any time I want to anyone I want with no fees. It is only plugged in for seconds so can not be hacked and my crypto can not be stolen while that nano s sits in my cupboard.
Win win for crypto, if an old fart like me can get my head around it, anyone can, especially a new breed of young people that grew up with PC's unlike me, back when I was young the best that was around was a Sinclair zx spectrum or Commodore 64.
I can also remember no mobile phones, no internet, black and white TV. 4 channels to choose from, cb radios to keep in touch with friends at night.
So yes, I am an "old fart" but I can still work my way around cryptos.
The future is bright for cryptos, so I am off now to buy some BTC.
Peace and out!.