The numbers so far, with some context...
In response to the coronavirus pandemic, countries around the world have ramped up monetary and fiscal stimulus programs.
None more so than the United States.
The interesting thing is that the US has not only done the most in terms of total value, but also in terms of its own GDP, which is saying something considering the US had the worlds largest GDP previously.
Yep, the US is also leading the world in fiscal and monetary stimulus as a percentage of GDP.
Check it out:
(Source:
)https://twitter.com/DTAPCAP/status/1253536850456776707
- DTAPCAP
A trillion here, a trillion there, pretty soon we are talking about real money!
When you combine both the monetary and fiscal stimulus programs and compare them to total GDP it gets pretty interesting...
Combined they are accounting for roughly 35% of GDP.
For some context...
After the Great Depression, FDR launched the New Deal.
This was a series of programs that were designed to help pull the country out of the Great Depression.
As you can imagine, FDR threw a lot at the problem.
Well, guess what percentage of GDP the New Deal was said to have accounted for?
40%
Yes, that's right, we have already currently done what they did for the entire Great Depression Recovery program in just one month of Coronavirus stimulus!
Let that sink in for a moment...
When you start looking ahead and thinking about how much money and stimulus programs it is actually going to take to get the economy back to where it was previously, we are going to dwarf every other stimulus program in the history of mankind, by orders of magnitude.
That's pretty scary to think about, but only if you are holding dollars.
As long as you are holding hard assets, you will be ok.
My guess is that will also include bitcoin as well.
Combine this fiat debasement with the halving reducing block rewards, and bitcoin literally has the perfect storm for massive gains in the coming 18 months.
Are you ready?
Stay informed my friends.
-Doc