$625B Fed Money Print Primes The Pump For Hyperinflation
The Fed will begin purchasing more assets every 7 day period than they did over the entire 7 month period of QE2. This comes off the back of the news that the US Senate has declined a stimulus bill saying it does too much for corporate America and not enough for average Americans.
The SNP reacted negatively to this news despite a video clip making the rounds on 60 minutes of the Fed saying it has an unlimited amount of cash.
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60 minutes clip:
https://twitter.com/Vis_in_numeris/status/1241905410157805568
CNBC article on declined stimulus plan:
https://www.cnbc.com/2020/03/22/coronavirus-stimulus-congress-struggles-to-reach-a-deal.html
The SNP chart:
https://www.tradingview.com/x/KtHiMEF7/
Zero Hedge article on $625 stimulus
https://www.zerohedge.com/markets/unprecedented-intervention-fed-will-purchase-125-billion-securities-every-day
Saifedean Ammous
https://twitter.com/saifedean/status/1070222393279438849
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