OP, I get your points about rampant money printing, but I also saw your thread about Australia which seemed to have no evidence to back what you were saying. You might want to include links when you start threads if you're looking to spark discussion on a particular subject.
If other countries around the world do start up their money printing presses, the global economy is going to be in some seriously deep shit. Inflation will eventually skyrocket--we haven't seen that yet in the US, but it's just a matter of time. Plus we've got all this stimulus and unemployment money being handed out, and someone has to pay for that eventually. I wish I knew what the government's plan was for all of this, but they don't seem to be broadcasting any such signals to the citizenry.
And if we end up in a hyperinflation situation, forget about saving cash. That'll just become worthless by the day. But as far as bitcoin is concerned, I don't know if it would provide a solution or not should it come to that. We've seen countries like Venezuela and Zimbabwe in hyperinflation mode, and they haven't increased their use of crypto to any great extent. Anyway, I'm keeping my fingers crossed for an end to the pandemic. That alone should help the economy significantly.
If other countries around the world do start up their money printing presses, the global economy is going to be in some seriously deep shit. Inflation will eventually skyrocket--we haven't seen that yet in the US, but it's just a matter of time. Plus we've got all this stimulus and unemployment money being handed out, and someone has to pay for that eventually. I wish I knew what the government's plan was for all of this, but they don't seem to be broadcasting any such signals to the citizenry.
And if we end up in a hyperinflation situation, forget about saving cash. That'll just become worthless by the day. But as far as bitcoin is concerned, I don't know if it would provide a solution or not should it come to that. We've seen countries like Venezuela and Zimbabwe in hyperinflation mode, and they haven't increased their use of crypto to any great extent. Anyway, I'm keeping my fingers crossed for an end to the pandemic. That alone should help the economy significantly.
The Australia Not announced yet this but Wait for Week or so au Will Tell how much More They are Going to print....
According to my knowledge They Will do it large.
Not as much as USA but I think More then eu and uk
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