The president of the USA announces trillion dollar stimulus bill for covid 19.
No president wants to be the bag holder when the debt collectors knock at the door, but is there a method to this keynesian madness?
GOT DEBT?
Just hyper inflate your currency and hundreds of billions of dollars of debt just magically dissapear, the wish app just got more expensive for average American.??
Crypto is looking like a safe haven right about now, but if we look to history, we find FDR a prominant democrat who ushered in the "New deal" is being emulated by his predacessors here.
Rember what FDR did? He made gold illegal and siezed it for the state...does this spell a doom for Bitcoin and Altcoins?
One can only hope that this is not so, and that there is a strategy at play to weather the coming inflationary armegeddeon.
When the dollar inflates, assets go up, like gold, silver, bitcoin and stocks.
I think a large crash is inevitable, and with the vaccines rolling out, all the covid 19 safehavens in the stock market could come to a crashing decline.
Uhh..good luck and best wishes, buy crypto for now would be my advice...until you can't.
This is just my opinion, not an admission to buy crypto or an advertisement.
