![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FGv17b3p%2FUSD-cash-1600.jpg&t=665&c=4c7CR9JLF6s2Rw)
For first time since 2008 The New York Fed made up to
$75 billion available through a
repo auction.
Here the Fed accepts Treasuries and other securities as collateral, and in exchange, provides cash.
The facility
had not previously been used at such a scale since 2008.
Is this another flashing light of a financial crisis?
It seems these guys can print money out of thin air. But they want to tightly regulate Bitcoin and crypto.
Government and big banks do not want competition in their money control.
article link:
https://www.ft.com/content/2c11a972-d941-11e9-8f9b-77216ebe1f17