$6,000,000,000,000 of helicopter money is coming - page 3.

exstasie

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Quote from: The Sceptical Chymist on March 27, 2020, 12:45:17 PM

Quote from: Wind_FURY on March 26, 2020, 05:33:05 AM

BUT, it would be good for Bitcoin.

This kind of makes me wonder how many people are going to be buying bitcoin with their stimulus checks. My guess is that it'll probably be good for the stock market, and I'm betting that's what the government was aiming for with all this magic cash they're sending out.

The stock market likes the bailout promises. A lot of the Dow and S&P 500 companies dumping through the ground a week ago will get some of that sweet helicopter money. And they'll be getting a whole lot more than $1,200. Roll Eyes

Quote from: The Sceptical Chymist on March 27, 2020, 12:45:17 PM

Ugh. Somebody's going to be paying for all this generosity in the years to come. I think whoever is in charge over at the Fed and in the White House are drunk out of their minds.

Given how fragile the economy is, are they? This isn't quite like 2008 where the government was bailing out banks for terrible gambles. Most sectors in the economy are collapsing (at least temporarily) and are begging for a handout.

tbterryboy

sr. member

Activity: 2030

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The thing is USA has always printed money but for some reason their money always kept being a valuable product. If another nation that is not really that powerful printed anything even remotely that high, we would have seen inflation at the Zimbabwe levels, no country should be allowed to print 6 trillion dollars, yet for some reason watch USA do it and not get a record breaking inflation because of it.

I don't get it, how do they not get screwed because of it? How are they keeping the world on their toes about american dollar still being valuable? Is it the military power they have that threatens other nations? Is it the products and fear of embargo? What makes american dollar so valuable compared to other currencies in fiat world when dollar keeps getting printed constantly?

omone1

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This is surprising how the government can just wake up to print money and create problem for the future generation. Well maybe the USA has a special way to deal with the long term impact by taking crude oil in nations that have crises and use same to offset debts.

santiagomaicon

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Mad printer is working fine. Hard times require hard decisions

South Park

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Quote from: The Sceptical Chymist on March 27, 2020, 12:45:17 PM

Quote from: Wind_FURY on March 26, 2020, 05:33:05 AM

BUT, it would be good for Bitcoin.

This kind of makes me wonder how many people are going to be buying bitcoin with their stimulus checks. My guess is that it'll probably be good for the stock market, and I'm betting that's what the government was aiming for with all this magic cash they're sending out.

Ugh. Somebody's going to be paying for all this generosity in the years to come. I think whoever is in charge over at the Fed and in the White House are drunk out of their minds. They think they can just keep conjuring money out of thin air with no consequences--and while I'm sure all the plebians are planning how to spend their checks, I'm worried about when the house of cards is going to collapse.

It is easy to see why they think this way, they have been getting away with printing money massively for decades now and the system is still in place, so it is natural for them to think they have mastered the art of printing money without any consequences, but a day will come in which this is not true anymore but they will have no other trick up their sleeve and they will keep printing money until they destroy their currency or they back it up temporarily with something like gold, and most likely they will try to ban gold ownership again or try to impose a ridiculous high tax to those holding gold, silver and bitcoin.

royalfestus

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Quote from: Pffrt on March 27, 2020, 03:37:35 AM

With such a big paper in the economy, an inflation is very much expected and soon to be happened. It's logical that BTC will be in 6 figure in terms of the inflation but I doubt US will not be taking any further step to make the situation normal. After the COVID19 affect, some major steps will be taken to balance the inflation like taken down the money from the economy by offering bonds etc. I don't think much affect will be happen in the long term.

This crisis is exposing the government's incompetence. Not only in Europe but America as well, with all the temerity and lousiness of the leaders. The lapses in the economy, pro-activeness and low infrastructure of the health sector over the years. When the government kept spending on war for years, misplacing its priorities. Someone will pay the debt government is accruing, definitely our children and it is not the first time is done. I was expecting more of the relief as food and daily necessities not cash, cash will definitely cause inflation.

The Sceptical Chymist

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Quote from: Wind_FURY on March 26, 2020, 05:33:05 AM

BUT, it would be good for Bitcoin.

This kind of makes me wonder how many people are going to be buying bitcoin with their stimulus checks. My guess is that it'll probably be good for the stock market, and I'm betting that's what the government was aiming for with all this magic cash they're sending out.

Ugh. Somebody's going to be paying for all this generosity in the years to come. I think whoever is in charge over at the Fed and in the White House are drunk out of their minds. They think they can just keep conjuring money out of thin air with no consequences--and while I'm sure all the plebians are planning how to spend their checks, I'm worried about when the house of cards is going to collapse.

jossiel

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Quote from: awik p on March 27, 2020, 09:04:30 AM

Quote from: jossiel on March 27, 2020, 05:07:31 AM

Stimulus incoming and for sure if not many but some of the receivers are thinking to invest in bitcoin upon receiving the money. I'll expect that most of the bitcoin holders here, us, expects to see the rapid growth for bitcoin.

HODL!

many expect bitcoin to surge soon. but I guess we have to be patient first. many people are frustrated with the current condition, even many are reportedly losing big. but we must still use our common sense to be strong waiting until the bullish season comes

Frustrated about the virus and the cease order for the businesses and establishments. Because it stops their source of income but for the economy of bitcoin, we will see the reversal soon.

Patience, we have it.

That doesn't really matter because it's already part of how we handle the game. It's in our veins to become patient and wait for the right time.

awik p

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Pepemo.vip

Quote from: jossiel on March 27, 2020, 05:07:31 AM

Stimulus incoming and for sure if not many but some of the receivers are thinking to invest in bitcoin upon receiving the money. I'll expect that most of the bitcoin holders here, us, expects to see the rapid growth for bitcoin.

HODL!

many expect bitcoin to surge soon. but I guess we have to be patient first. many people are frustrated with the current condition, even many are reportedly losing big. but we must still use our common sense to be strong waiting until the bullish season comes

apvmoreira

member

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State authorities consider printing money as a perfect solution for almost every problem, even ones which were caused by previously injected money.

jossiel

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DGbet.fun - Crypto Sportsbook

Stimulus incoming and for sure if not many but some of the receivers are thinking to invest in bitcoin upon receiving the money. I'll expect that most of the bitcoin holders here, us, expects to see the rapid growth for bitcoin.

HODL!

Pffrt

sr. member

Activity: 1372

Merit: 322

With such a big paper in the economy, an inflation is very much expected and soon to be happened. It's logical that BTC will be in 6 figure in terms of the inflation but I doubt US will not be taking any further step to make the situation normal. After the COVID19 affect, some major steps will be taken to balance the inflation like taken down the money from the economy by offering bonds etc. I don't think much affect will be happen in the long term.

Gozie51

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Quote from: NeuroticFish on March 25, 2020, 06:13:11 AM

Nice music. I think that you may have taken into account only US dollar/US printing machine.
Don't forget about ECB and many national banks doing the same.

Sure but do you think the ECB will still be in compact by a long time to come? Grin

because of the issues arising therin with Britain and the rest of the EU.

Of course hodling bitcoin would transcend to more dollar hodling too.

Wind_FURY

legendary

Activity: 2898

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Quote from: exstasie on March 25, 2020, 07:49:52 AM

Think about this:

Quote

$6 Trillion Dollars
÷
130,000,000 U.S households
--------------------------------
= $46,153.84 per household

Meanwhile the stimulus checks they are sending out are $1,200 or less per person. Epic! People are getting their future sold down the river in the biggest bailout in history, for 1200 bucks of printed money in their bank accounts. How far is that going to get them?

BUT, it would be good for Bitcoin. Remember the "Bitcoin-Black-Hole-It-Will-Suck-Everything" meme? The Fed is helping it in becoming truly real.

avikz

legendary

Activity: 3080

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Printing of free money will definitely not go well with US economy and it will also endanger the economy of many other countries dependent on US donations. While the purchasing power of USD will go down due to this reason, the global businesses will be hit, especially in production sector and import-export related sector. Because the main currency of these businesses is USD. So a global recession will be seen post this Covid-19 situation.

There are two way outs - either Gold or Bitcoin! I expect both of these assets to sky rocket soon after this current situation.

joniboini

legendary

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This 'money counter go brr' meme is spreading rapidly. I just realized it went viral after I found a meme on 9gag.

Quote from: Sadlife on March 25, 2020, 08:08:29 AM

And recently the FDIC announced in twitter to not panic cash out their money in the banks because it's perfectly safe, which is obviously is not.

Obviously. They don't want inflation to happen so their strategy becomes wordless as soon as it goes live.

Meanwhile, bitcoin is going strong.

Ucy

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Activity: 2674

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Quote from: exstasie on March 25, 2020, 07:49:52 AM

Think about this:

Quote

$6 Trillion Dollars
÷
130,000,000 U.S households
--------------------------------
= $46,153.84 per household

Meanwhile the stimulus checks they are sending out are $1,200 or less per person. Epic! People are getting their future sold down the river in the biggest bailout in history, for 1200 bucks of printed money in their bank accounts. How far is that going to get them?

Is the whole thing really going to 130,000,000 households or businesses or both?
If you give that much to households, and they spend it the wrong way, you end up achieving little.
Imagine people spending $100 for something many depend on, that initially cost $5 and are hard to produce quickly. Hopefully companies don't start producing easy-to-make "substandard"/low quality foods, chicken, drugs, etc to meet demands.

The wise could use that amount for rearing animals, farming, and producing basically self-sustaining, quality, easy-to-source/natural products that are independent of the "big centralized whole"

Sadlife

sr. member

Activity: 1400

Merit: 269

Imagine $6 trillion dollars will be put to Bitcoin it would really pump the price to $330,000. Sooner or later we'll be seeing history repeats itself which is another great depression that is much worse compared to 1933 recession. And recently the FDIC announced in twitter to not panic cash out their money in the banks because it's perfectly safe, which is obviously is not.

exstasie

legendary

Activity: 1806

Merit: 1521

Think about this:

Quote

$6 Trillion Dollars
÷
130,000,000 U.S households
--------------------------------
= $46,153.84 per household

Meanwhile the stimulus checks they are sending out are $1,200 or less per person. Epic! People are getting their future sold down the river in the biggest bailout in history, for 1200 bucks of printed money in their bank accounts. How far is that going to get them?

aysg76

legendary

Activity: 1974

Merit: 2124

Lol.
It was fun playing around the speedometer though. Felt like my laptop was shaking itself.

The page itself is an informative if someone does understand what you wanna say. Holding is the best strategy since 11 years now and those who have held it since then are playing in billions now.

Seen so many topics calling for HOLD strategy and how they built their wealth in easiest possible way.

Great way to spread awareness.

Topic: $6,000,000,000,000 of helicopter money is coming - page 3. (Read 865 times)