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Author Topic: All that printed money year 2021 where it is ?  (Read 111 times)
325btc (OP)
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April 16, 2022, 09:36:40 AM
 #1

Its in USDC and USDT.
So even if fiat currency shortages will coming and in real economy we dont have no money left then crypto can do bull run and ATH becouse crypto dont need money anymore from the fed or central banks the money is all ready in the markets big chunk of usd fiat went into USDT and USDC no wonder why the black rock bought USDC becouse he knows the plan.

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April 16, 2022, 01:24:34 PM
 #2

there is no accurate data that states that the USD issued by the Bank of America is reserved in USDT and USDC ... as far as I know the USD that has been launched is usually used in the American economy and also international transactions,,, because basically many countries need USD for their transactions

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philipma1957
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April 16, 2022, 01:37:40 PM
 #3

Its in USDC and USDT.
So even if fiat currency shortages will coming and in real economy we dont have no money left then crypto can do bull run and ATH becouse crypto dont need money anymore from the fed or central banks the money is all ready in the markets big chunk of usd fiat went into USDT and USDC no wonder why the black rock bought USDC becouse he knows the plan.



What logic process are you using? Why buy USDT or USDC with the printed money? It does not prevent inflation or protect from inflation.

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palle11
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April 16, 2022, 02:03:35 PM
 #4

You are making an allegation that is not backed by some prove. You have to substantiate this that you have said that money is locked in USDT. Don't always rely on making post that you don't provide real research and information. USDT is pegged based on dollar rate and US is yet not given the information of locking printed fiat into USDT except you know better then you can give more light.
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April 16, 2022, 06:39:27 PM
 #5

You are making an allegation that is not backed by some prove. You have to substantiate this that you have said that money is locked in USDT. Don't always rely on making post that you don't provide real research and information. USDT is pegged based on dollar rate and US is yet not given the information of locking printed fiat into USDT except you know better then you can give more light.

@op has a lot of imagination which he usually post, if you check his post history you will understand my point.
Despite the high inflation rate I don't think what @op is imagining will ever happen. I don't know how you expect crypto to do bull run where the fiat becomes scarce? Sometimes most of @op most always just meaningless.

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teosanru
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April 16, 2022, 07:52:45 PM
 #6

Its in USDC and USDT.
So even if fiat currency shortages will coming and in real economy we dont have no money left then crypto can do bull run and ATH becouse crypto dont need money anymore from the fed or central banks the money is all ready in the markets big chunk of usd fiat went into USDT and USDC no wonder why the black rock bought USDC becouse he knows the plan.


You mean to say all the money printed during the fiscal deficit was actually collected by Exchanges and kept in treasury to mint USDT or USDC? But how then will there be no money left in the economy? Technically speaking these exchanges also must be holding some bank account only, so if they have put their money in any bank account it is flowing in the economy only and is being used in the economy itself, I don't really think this sort of scenario, and also why would someone buy USDC then? It's price is anyways not going to grow no matter how much bull run comes in.
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April 16, 2022, 09:34:05 PM
Last edit: April 16, 2022, 11:32:16 PM by STT
 #7

The printed money and inflated monetary base will not disappear or go away.  It will reassemble in higher prices mostly in commodities I think.   This is not the first occurrence in history, its a matter of record across many previous economies and generations.   Despite modern technology in all the different ways including crypto we cant shake off the waves of inflation in exactly the same way previous generations had experienced it so its quite relevant to read up on inflation of the 70's or 20's or in various countries nationally.
   This time we had the reserve currency for the world produced in excess of an extra 25% Dollars in just one year I think it was, theres no walking away from that in one piece, its going to knock us sideways in multiple years over at least the next decade imo; commodities is the most likely apparition for higher price inflation and its effect in making the common worker much poorer.

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batang_bitcoin
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April 16, 2022, 09:52:57 PM
 #8

Its in USDC and USDT.
So even if fiat currency shortages will coming and in real economy we dont have no money left then crypto can do bull run and ATH becouse crypto dont need money anymore from the fed or central banks the money is all ready in the markets big chunk of usd fiat went into USDT and USDC no wonder why the black rock bought USDC becouse he knows the plan.
How come that we don't have money left or the fed or the US or the governments of the whole word? Why would the government would send their money to another centralize power instead of them controlling their own money system?
It makes no sense of converting it into those because they're not like that and they're the ones that should be controlling it. So what you're saying doesn't make sense.



 

 

 

 

 

 


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April 17, 2022, 02:41:35 AM
 #9

Very small amount is in USDT or USDC. There weren’t that many people that used their stimulus money to buy Bitcoin. Many bought stocks with it and such. Some bought food and cars but I think the majority of it went to the rich pretty much and hasn’t moved since.

Due to this money printing look how many people struggle while the gap widen with the ultra rich. They got more money than ever now and inflation is still out of control. That’s where most of it went.

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April 17, 2022, 08:19:49 AM
 #10

there is no accurate data that states that the USD issued by the Bank of America is reserved in USDT and USDC ... as far as I know the USD that has been launched is usually used in the American economy and also international transactions,,, because basically many countries need USD for their transactions

In fact it is. Starting from Jan 2021:

$45B of USDC was printed (https://coinmarketcap.com/currencies/usd-coin/), and around $55B in usdt(https://coinmarketcap.com/currencies/tether/). Total $100B. While m2 money suppply of USD pumped from $19.4T to $21.8t - $2 400B
https://fred.stlouisfed.org/series/M2SL

So only 4% of newly printed money went to stable coins. Assuming that none on existing USD were converted into stable coins (which is not correct)

And thats USD only. Other countries were printing too. for example ECB.
So OP is wrong. Only small fraction was converted to USDC and USDT.
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