The #Fed Playbook
May 21, 2020
1/ That's it! the US Federal Reserve balance sheet is above U$ 7 Trillion!
2/ As Jay Powell said: "So the things we are doing now are substantially larger."
3/ Yet in terms of growth the Fed balance sheet "only" expanded 66% this year.
4/ Meanwhile the M2 money supply curve now looks like a hockey stick...
5/ Only one thing to do: #StackSats!
Problems: #FOMC #QE #CentralBanks
Solution: #Bitcoin
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