Bitcoin Is Getting More Adoption As Feds Prints More Money! Max Keiser

3 years ago
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Bitcoin Is Getting More Adoption As Feds Prints More Money! Max Keiser

In this video, Max Keiser and Stacy Herbert describe the convergence between the exponential rise in Bitcoin adoption, on one hand; and the exponential rise in the Fed intervention, negative interest rate, money printing, on the other hand, as parabolic. Here are some of the key points arising from the Keiser report.

The persistent money printing across the world is leading to inflation, and it is becoming a big problem for central banks around the world. Japan was the first country to start printing money as an intervention. Only the Central Bank of Russia is proactively dealing with the issue as it has determined to raise interest rates.

Households, corporate equities, and mutual fund shares have expanded by $8.8 trillion in asset value between Q4 2019 and Q1 2021, the largest and fastest valuation in history, indicating an unprecedented rise in Fed's intervention.

We are at the inflection point where policymakers can't hide the fact anymore. Financial engineers on Wall Street used to print money and have it go around the labor market to raise the money supply and wages. But now, the bankers ignore the labor completely and let wages stagnate while they give the money to their Wall Street friends.

The financial engineers refuse to admit the existence of inflation, but under COVID-19, they had to start printing directly and shipping it right from the Treasury. So, it's not a central bank operation anymore; it's direct money printing, leading to hyperinflation.

Bitcoin is here to put an end to the problem of hyperinflation which the PhDs and Nobel Prize-winning economists at the New York Times fail to understand.

Years ago, Keiser had already called attention to Japan's excessive money printing. When Bitcoin was $500, Keiser urged investors to buy the asset, but many were making fun of it. But now, young people see Bitcoin as digital gold, and there's no going back. This is an example of a shift in the mindset of the younger generation.

While the Fed is in denial, the hawkish Bank of Russia sees inflation as not transitory and warns of possible shock and rate hikes. Consumer price inflation in Russia jumped 6% in May, 2% above the target while food inflation is at 7.4% high.

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