We are about to see the monetary power of the U.S. government

plast555

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Quote from: BitcoinTurk on April 05, 2020, 12:34:53 PM

Quote from: Jeezy911 on March 27, 2020, 10:05:06 PM

Expect a price jump when stimulus checks start rolling in. I know I'm personally buying some crypto anyone else feel the same way?

I really wonder why many crypto investors who think optimistically want to get our opinion with such a thought or argument. Yes, the FED started to issue money recently and the American government plans to distribute this money to the public. This money to be distributed will most likely be used by consumers to meet their basic needs. Of course, it is certain that there will be some money inflows to the markets due to this cash abundance, but I think only a small part of this money inflow will be transferred to the crypto money markets. For this reason, I do not expect a serious increase in prices. Finally, I would like to say that if everyone's expectations are in this direction, more money will emerge from the crypto markets and prices will reach new bottom points. The big investor never takes action towards the expectations of a community or small investor. Someone must lose money so that they can make money.

I doubt even that small portion would come to crypto fro the airdropped money as the job loss hits the sky and everyone would like to hold cash by even selling some of their existing position from the market to meet their expenses and I believe even if the crypto market rise in price people tend to book profit in the medium term because of this crisis

South Park

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Quote from: el kaka22 on March 30, 2020, 11:16:02 AM

We have already seen it in 2008. You do realize that the whole world got screwed because some bankers wanted more money and accepted more risks right?

The crooked wall street bankers basically paid moody's and other ranking agencies to rank the mortgages at triple A or maybe at worst B's and all that for the default rate higher than 5% and they agreed, so there was crooked illegal stuff going on there but ranking agencies are private organizations, so you can give them 100% default rate all not paid mortgage bonds and they can still rank it triple A and nothing happens to them because "it is their own opinion" and you can jail someone for their opinion.

It resulted with bankers selling a lot of dog shit bonds to people, which resulted with economy bankrupting. What happened? USA got out of it fine, hell USA paid banks billions of dollars but got paid back with interest. It was other nations that got screwed. That is how much power they have.

They got away with it that time and they are trying to do the same this time, the US is printing a massive amount of money and while some of that is going to the people most of it is going once again to banks and big businesses, but how long can this last? It is obvious that if a country depends on the US market they will have to print a lot of money as well in order for their export sector to not fall down, but this will create a huge level of inflation during the next years and it will be impossible to hide, what surprises me is that the system is still in place despite all of what they are doing but this cannot last forever and we will eventually suffer the consequences of their actions.

Averim

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Quote from: Jeezy911 on March 27, 2020, 10:05:06 PM

Expect a price jump when stimulus checks start rolling in. I know I'm personally buying some crypto anyone else feel the same way?

Monetary power like printing more of it? Once US was an economic giant in the world and now even them provide their basic materials for various industries from China.

BitcoinTurk

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Quote from: Jeezy911 on March 27, 2020, 10:05:06 PM

Expect a price jump when stimulus checks start rolling in. I know I'm personally buying some crypto anyone else feel the same way?

I really wonder why many crypto investors who think optimistically want to get our opinion with such a thought or argument. Yes, the FED started to issue money recently and the American government plans to distribute this money to the public. This money to be distributed will most likely be used by consumers to meet their basic needs. Of course, it is certain that there will be some money inflows to the markets due to this cash abundance, but I think only a small part of this money inflow will be transferred to the crypto money markets. For this reason, I do not expect a serious increase in prices. Finally, I would like to say that if everyone's expectations are in this direction, more money will emerge from the crypto markets and prices will reach new bottom points. The big investor never takes action towards the expectations of a community or small investor. Someone must lose money so that they can make money.

Bezobraznike

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Quote from: Meowth05 on April 04, 2020, 03:25:35 AM

There will definitely be a price jump for stocks, because there will be more who will invest. But I think that this stimulus is for sustenance rather than investment so I think we should probably think about whether this is for investments or sustenance.

I read article about oil prices, this is the lowest price of oil in last 18 years. Many experts are sure how the price will rise, it's impossible
for them to go lower than this and to stay at this level for longer, big oil companies and countries are losing too much money!
Stock-market is in the same condition. Some stocks are hitting the lowest prices in last 10+ years. Corona affected all markets, crypto-market
declined too.
Monetary power of the U.S. government is huge! We have seen what can they do. There's a catch I believe, nobody encountered with
same problems in the past, world never had shut down like we have now. We will need to wait and see what U.S. government can do with
this, I hope for the best, not for governments, but for all people who live there.

Meowth05

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There will definitely be a price jump for stocks, because there will be more who will invest. But I think that this stimulus is for sustenance rather than investment so I think we should probably think about whether this is for investments or sustenance.

Xampeuu

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Quote from: Sadlife on March 31, 2020, 08:44:35 AM

The fed are in panic mode this is the first time in history where they will print unlimited amounts of paper money out of nothing even buying bonds, stocks and corporate debts using it.
Eventually people will start to realize that the banking system is fundamentality flawed and soon realize that the banks has been exploit them.

and this is what makes save heaven for investors. we know gold is a reference for securing funds safely. and at this time the price of gold soared. which almost equaled a few decades before. by printing a lot of paper money, of course, has its own risks. Moreover, the US is the largest corona pandemic today

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Quote from: Wexnident on March 29, 2020, 07:39:00 AM

The government would probably feel pretty stupid if they saw how the money they gave out to be used for supplies to resolve the outbreak problem be used in investment that would probably take some time before producing results.

Why would they feel stupid?
It would be great if all that money would be used for investment so that once this is over there is enough new business so the economic activity would recover far faster. Besides, it would also mean that people are not that depended on this check for survival so the situation is better than expected.

Quote from: Wexnident on March 29, 2020, 07:39:00 AM

Not to mention that those that would receive the full stimulus check would be those on the lower end of financial power, which in all honesty, are probably in dire need of funds with their main source of income currently being cut off because of the current lockdowns.

And just one line later....now the people buy mainly food.

Quote from: el kaka22 on March 30, 2020, 11:16:02 AM

It resulted with bankers selling a lot of dog shit bonds to people, which resulted with economy bankrupting. What happened? USA got out of it fine, hell USA paid banks billions of dollars but got paid back with interest. It was other nations that got screwed. That is how much power they have.

Oh, it's again the blame everything on the US hour?
Why did the other nation got screwed? They either did the same mistake or they depended so much on the US to unload their shit for $.

I remember a discussion around here when I asked somebody why his own country entered a recession and he said one of the main reasons was the drop in tourism...Yeah, blame the US for your misery because US tourists are not spending money in our country anymore. How evil of them!

Sadlife

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The fed are in panic mode this is the first time in history where they will print unlimited amounts of paper money out of nothing even buying bonds, stocks and corporate debts using it.
Eventually people will start to realize that the banking system is fundamentality flawed and soon realize that the banks has been exploit them.

bitcoinst

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I also allocated a small amount of money to buy some crypto assets.
The situation is now extremely ambiguous and very risky, which forces me to act with particular caution.
By minimizing my current deposit, I very much minimize my risks.

el kaka22

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We have already seen it in 2008. You do realize that the whole world got screwed because some bankers wanted more money and accepted more risks right?

The crooked wall street bankers basically paid moody's and other ranking agencies to rank the mortgages at triple A or maybe at worst B's and all that for the default rate higher than 5% and they agreed, so there was crooked illegal stuff going on there but ranking agencies are private organizations, so you can give them 100% default rate all not paid mortgage bonds and they can still rank it triple A and nothing happens to them because "it is their own opinion" and you can jail someone for their opinion.

It resulted with bankers selling a lot of dog shit bonds to people, which resulted with economy bankrupting. What happened? USA got out of it fine, hell USA paid banks billions of dollars but got paid back with interest. It was other nations that got screwed. That is how much power they have.

Febo

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Quote from: Jeezy911 on March 27, 2020, 10:05:06 PM

We are about to see the monetary power of the U.S. governmentv
Expect a price jump when stimulus checks start rolling in. I know I'm personally buying some crypto anyone else feel the same way?

I am not sure. I believe all this stimulus is already priced in the price of Bitcoin. But maybe was so many news that influenced price lately that I might be wrong. Future price of Bitcoin is very unknown. It would be way more predictive without covid-19.

Gozie51

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I don't think that the stimulus check will go along way to be reinvested into buying bitcoin. Bitcoin is how much now and how much will an individual be entitled to, to muscle the idea of investing in bitcoin ?
The stimulus will just help to sustain life and living, I don't expect it will be enough to go into investment to the extent that it will cause an impact on price.

Wexnident

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No matter how high the stimulus check would give out, I doubt that people would invest it in the market. The government would probably feel pretty stupid if they saw how the money they gave out to be used for supplies to resolve the outbreak problem be used in investment that would probably take some time before producing results. Not to mention that those that would receive the full stimulus check would be those on the lower end of financial power, which in all honesty, are probably in dire need of funds with their main source of income currently being cut off because of the current lockdowns. There'd probably be a few out there who would invest, but the majority probably wouldn't

exstasie

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Quote from: o_e_l_e_o on March 29, 2020, 02:16:53 AM

Trump shut down the National Security Council's pandemic unit and cut the CDC's funding. There was no preparation because there was no one there to prepare.

He got rid of the NSC directorate at the White House but there was still an apparatus for emergency response. The NIH, the CDC, etc. This is what Fauci said about that: https://apnews.com/ce014d94b64e98b7203b873e56f80e9a

Quote

“It would be nice if the office was still there,” Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases at the National Institute of Health, told Congress this week. “I wouldn’t necessarily characterize it as a mistake (to eliminate the unit). I would say we worked very well with that office.”

So I'm not focusing on that aspect too much. I also find it hard to believe the NSC is playing no role in the current crisis.

What I found most upsetting was Trump's CDC and Surgeon General actively telling people not to wear masks. Not only that but they were claiming they may actually help spread the disease, when we know the exact opposite is true from looking at Asian countries.

The FDA also should have approved point-of-care testing several weeks ago to achieve widespread sampling. This was probably another PR game by the Trump administration to publicly hide the extent of the epidemic. Every single chance at leadership, they failed miserably, and yet he is more popular than ever now: https://news.gallup.com/poll/298313/president-trump-job-approval-rating.aspx

Roll Eyes

fiulpro

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Funny thing , people are seeing how big of a liars they are , with the government openly saying they have millions of test kits in the market and the data by the source , it is hilarious how the president can lie in front of the whole crowd , how he cannot even assure his citizens , trust me his leadership will be written in the textbooks and he will be hated for years to come .

Monetary power ? I don't think so , the market is all set to fall very sharply.

o_e_l_e_o

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Quote from: exstasie on March 28, 2020, 07:32:56 PM

By all appearances, it was already extremely widespread in the US weeks ago but lack of testing prevented any effective action.

I suspect that currently it is still much more widespread than we think, and as and when testing scales up in near future, the number of confirmed cases will continue to increase drastically. Still, a more accurate stat to follow is the number of deaths, since this is independent of the number of tests being done or who those tests are being offered to.

Quote from: exstasie on March 28, 2020, 07:32:56 PM

They have persistently promoted disinformation that has greatly intensified the US epidemic

Trump has always been illiterate when it comes to science. Since he took office he's had enough advisors and staff around to keep his ridiculous views largely muted, but if you look back to things he said prior to taking office they are utterly stupid. He thinks vaccines cause autism. He called climate change a hoax by the Chinese designed to impact US manufacturing. He probably thought the same about coronavirus to begin with. Ironically, he was quicker to shout on Twitter about tough controls and stopping all flights for Ebola than he was for SARS-CoV-2, making it clear he didn't understand that either and was just looking for political point scoring.

Quote from: exstasie on March 28, 2020, 07:32:56 PM

and there was zero coordination or disaster preparedness at the federal level.

Trump shut down the National Security Council's pandemic unit and cut the CDC's funding. There was no preparation because there was no one there to prepare.

exstasie

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Quote from: o_e_l_e_o on March 28, 2020, 12:55:32 PM

Last year it was "Institutional Investors". The year before it was "Wall Street Bonuses". Before that it was "Chinese New Year" or some other nonsense. Are "Stimulus Checks" going to be the big fat nothing-burger for this year?

Don't forget "tax refund season!" This year, bulls are packing their hopium pipes with the idea that tax refunds and stimulus checks combined will send BTC to the moon.

Quote from: o_e_l_e_o on March 28, 2020, 12:55:32 PM

It's not a case of if, but when. In fact, there have been quite a lot of rumblings over the last 48 hours that we are already in a recession. The chairman of the Fed said as much regarding the US a couple of days ago.

There's no doubt at this point. Double digit contractions are basically set in stone. If we haven't officially entered a recession, it will hit hard in Q2. The epidemic response in the US was worse than anything I ever imagined, and the infectiousness of COVID-19 appears much worse than initially indicated. By all appearances, it was already extremely widespread in the US weeks ago but lack of testing prevented any effective action.

The CDC and Trump administration should be tarred and feathered after this. They have persistently promoted disinformation that has greatly intensified the US epidemic, and there was zero coordination or disaster preparedness at the federal level. I was previously operating under the assumption the US government would have mounted a real epidemic response but we've only seen the opposite. So while we did get the significant relief rally in stocks I was expecting, the mid-term market outlook is looking markedly worse than a couple weeks ago. I'm no longer confident this is another 1987 crash.

betty11

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It's Crypto traders that will still buy cryptocurrency with the stimulus cheque, some will look for bear and have fund. The wise ones should save the cash in a valuable good investment in other to have some financial power in the future should there be inflation as a result of mad printing of money.

semobo

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As most others said,most of the people are not going to spend their checks for their investment purpose when they are in emergency situation especially when the unemployment rate spiked historically but if you have the opportunity/ability to invest that check on bitcoin then don't hesitate to spend it.

Topic: We are about to see the monetary power of the U.S. government (Read 330 times)