Is the economy about to collapse?
1 year ago
9
Is the economy about to collapse? The cyber coins seem to be crashing leaving many with huge losses. But on a recent Timcast IRL show he says that banks now have the power to print unlimited money. In truth I have no idea if they can or not. But if they can I would presume that could turn into a disaster. One presumes that banks in theory could lend each person a billion dollars or more with no problem. Again I have no idea if they have restrictions or not. However the economy does seem to be turning bad. Partly due to the lockdown that many on the left wanted (indeed one suspects they wanted an economic crash hoping it would bring in socialism).
Links:
https://youtu.be/GoiIQOgWMXc
https://www.federalreserve.gov/monetarypolicy/reservereq.htm
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