Spend as much as you can!

[zasad@]

IMF Gives Global Governments A Clear Message: Spend!
https://decrypt.co/54416/imf-gives-global-governments-a-clear-message-spend

“Spend as much as you can and then spend a little bit more,” was the message given last night by the International Monetary Fund’s Managing Director, Kristalina Georgieva, at Russia’s annual Gaidar economic forum.

https://twitter.com/michael_saylor/status/1337468263329107968

@michael_saylor(C)
"Every investor is in danger of losing their wealth due to the great monetary inflation.  We all need a Store of Value that is not based on fiat.  #Bitcoin is The Solution – an investment grade, safe haven, treasury reserve asset.  #BTC is our best http://Hope.com."

Each new quantitative easing will drive up the price of bitcoin and other cryptocurrencies, is there a different path for regulators?

[DooMAD]

IMF Gives Global Governments A Clear Message: Spend!
https://decrypt.co/54416/imf-gives-global-governments-a-clear-message-spend

“Spend as much as you can and then spend a little bit more,” was the message given last night by the International Monetary Fund’s Managing Director, Kristalina Georgieva, at Russia’s annual Gaidar economic forum.

In an age of increasing inequality, how has it not occurred to these "top economists" (heavy on the sarcasm) that the vast majority of the QE they're doing goes straight to the wealthiest 1% who are already hoarding all the wealth?  More money would be spent back into the economy if the poorest in society actually had some disposable income to spare.  Yet governments persist in creating monetary policies that primarily benefit the super-rich, continuing with the totally discredited "trickle down" Reaganomics horseshit that should have died out in the '80s.  It's absurd.

[OscarDavidson]

I follow Michael Saylor on social media and I like watching his podcasts. I think he is right about risks related to monetary inflation. Storing Bitcoin is one of the ways out to secure yourself from the inflation and risks of losing. But on the other hand, Bitcoin still needs to be regulated by governments of countries. It has great potential but I think we'll be able to uncover this potential not right now but in the next few years.

[mk4]

Each new quantitative easing will drive up the price of bitcoin and other cryptocurrencies, is there a different path for regulators?

And assets in general. With more and more quantitative easing, the wealthy will be somewhat forced to park their money into other stuff too like stocks.

As for a different path for regulators, I'm not really a macroeconomics expert, but as far as I know it's totally understandable — what they really want and need is for the people to spend their money as to help small businesses(or businesses in general) survive, and to stimulate the economy in general.

[crwth]

If people start thinking like that, I believe that they are going to make an even more bump towards the price of all the worthy cryptocurrencies. I think with the hedging opportunity that cryptocurrency provides, I believe that it's going to be ideal to move funds towards that. We are still in a fiat controlled world but maybe once this has settled to everyone, it's going to be a crypto controlled world. Control meaning that it's based on Crypto, not the fiat value on it. It is still wishful thinking though.

[irixo10]

It is really interesting that a great deal of people are now understanding the potential that Bitcoin offers, potentials which is worthy to make it to be highly sort for in years to come. Naturally many individuals will always go towards where they will benefit, that is, with monetary inflation becoming a big concern, and on the other hand Bitcoin proving what fiat failed to provide, then that is to say, sooner than later we will be witnessing more adoption and more institutional funds into Bitcoin.

[aoluain]

And this is what kicked it off on March 2020 as a stimulus reaction to COVID-19

Federal Reserve Pledges Unlimited Quantitative Easing to Keep Markets Functioning

As we see more and more central banks printing more FIAT we will definitely see
an increase of FIAT making its way to Bitcoin.

Bitcoins proven network looks more and more like a safe haven for wealth already
generated. The adoption and support for Bitcoin over the last 11 years has built
a very secure foundation on which to take it into its next phase of wealth
consolidation, protection and storage.

[Sterbens]

@michael_saylor(C)
"Every investor is in danger of losing their wealth due to the great monetary inflation.  We all need a Store of Value that is not based on fiat.  #Bitcoin is The Solution – an investment grade, safe haven, treasury reserve asset.  #BTC is our best http://Hope.com."

I don't know what to say, that everyone has realized that Bitcoin is a savior for big money holders. Bitcoin as a solution that in my opinion is not as good as Bitcoin in avoiding inflation. this is not a miracle, but a thought based on long reflection.

[zasad@]

Each new quantitative easing will drive up the price of bitcoin and other cryptocurrencies, is there a different path for regulators?

And assets in general. With more and more quantitative easing, the wealthy will be somewhat forced to park their money into other stuff too like stocks.

As for a different path for regulators, I'm not really a macroeconomics expert, but as far as I know it's totally understandable — what they really want and need is for the people to spend their money as to help small businesses(or businesses in general) survive, and to stimulate the economy in general.

Watch the movie "The Big Short" 2015
Quantitative easing does not stimulate small businesses (I think the benefit is very small).
In the United States, it is perfectly legal to blow stock market bubbles, and then the Federal Reserve had to buy back mortgage bonds.
Traditional economists believe that quantitative easing helped solve the problem, while other economists argue that constant phases of quantitative easing have a negative effect on the entire world economy.

[xcaret]

The wealthy spend ( invest) their money as they get it . No one of us less wealthy peons should be banking our hard earned cash.
You will be doing good to find a bank going to give you 1% interest on your cash savings. The cost of living goes up more than 2% per year . So you loose value with each dollar you have stuffed in your mattress . I'm a retired senior . As a kid I had an allowance of 10 cents a week . I could buy a chocolate bar, or bottle ( glass bottle) of soda pop. Comics cost a dime . As I got older I bought my first car , a good running 1950 ford for $50.00 ,it was rusty and smoked . A ten year old car in general was worth around 100 bucks . New ones around $3,000 .
I bought a nice 1961 Chev Impala convertible in 1965 for $1,650 . In 2014 I bought a new Chrysler 200 convertible for $32,500.
My point is had I kept driving my 1950 ford ,and put my $1,650 in my mattress ,and took it out today what would it buy ? Certainly not a 4 year old Chev convertible .

Back in 1967 My uncle was telling me how the life insurance he had bought after coming back from the war overseas ,turned out to be next to worthless. He bought the insurance to look after his new family if anything should happen to him.
 The policy matured in 20 years and he could cash out. Well when he bought the policy the amount on maturing was a lot of money , he could have bought a new car and taken his wife on a vacation.

His one child died early and he had no children, and so decided to cash in on his life insurance , still remembering how back then it would by him a new car . Well the shock came when he was told that $1,500 was what he was getting .

All those20 years he had paid each month with dollars that would buy let's say 10 chocolate bars for a dollar. His pay probably averaged over those 20 years at less than $1.20 per hour . The buying power of 1947 was not the buying power of 1967.
Today that dollar won't buy a chocolate bar or soda pop .
And that is why you have to be investing to make money, and certainly not in a life insurance policy to cash out in 20 years.
 
I have a few shares in companies on the stock market. I stipulated that all the dividends are to be used to buy more shares of the company paying them to me . Kinda like letting it ride .

The same goes for Bit Coin. Every investment is a gamble ,don't invest more than you can afford to loose.
But I don't remember any stocks that have soared the way BC has. And the ride ain't over yet !
 Like driving to the mountains , you go up hill then down hill , but as you look back to the prairie you see your higher up than when you started even if you are at the bottom of one of those hills .

Maybe were are at the bottom of one of those hills with BC . ( maybe) !
  
                

[pixie85]

I'm an average person with average income. I see what's going on with money. My country gives away a lot to maintain order and make people think they do something to fight the crisis.

The government doesn't allow people to work because of some stupid quarantine and then give them money to stop them from going bankrupt.

The government is running out of money so they print more.

We can all see the inflation rising. Why would any of us spend more instead of investing?

When your government tells you to do something it means you shouldn't. I remember when my government said that bitcoin is a ponzi scheme and we should be careful.

[affandi]

Most people and investors are still unfamiliar with bitcoin, they prefer investing in gold and proponents of gold often say that an asset cannot be a safe store of value when it has seen a decline of more than 80 percent in just 12 months.

But in fact, gold is not completely immune either. From September 2011 to December 2015, this yellow metal experienced a decrease of 45 percent against the US dollar.

Therefore, Bloomberg Intelligence Analyst Morgan Barna said that rather than positioning gold and bitcoin as opposing assets, he believes that these two assets can be used as assets that complement an investment portfolio.

I think in the future gold and bitcoin can replace FIAT as a means of payment and a complementary asset due to future monetary inflation.

[mk4]

Watch the movie "The Big Short" 2015
Quantitative easing does not stimulate small businesses (I think the benefit is very small).
In the United States, it is perfectly legal to blow stock market bubbles, and then the Federal Reserve had to buy back mortgage bonds.
Traditional economists believe that quantitative easing helped solve the problem, while other economists argue that constant phases of quantitative easing have a negative effect on the entire world economy.

I totally get what you mean. I wasn't referring to quantitative easing specifically though, but the stimulus money that they're trying to distribute to the people; which surely is going to stimulate the economy. To what extent? I really don't know. And it might probably just a sort of 'bandage solution'.

Feel free to correct me though, my knowledge with economics isn't that great.

[figmentofmyass]

In an age of increasing inequality, how has it not occurred to these "top economists" (heavy on the sarcasm) that the vast majority of the QE they're doing goes straight to the wealthiest 1% who are already hoarding all the wealth?  More money would be spent back into the economy if the poorest in society actually had some disposable income to spare.

i don't think your point is necessarily lost on them, but central banks don't have the ability to direct money to the lower classes.

what they're doing with QE is injecting liquidity into banks, so banks can increase lending to businesses. they're trying to prevent a wave of business collapses which could turn into a deflationary economic cycle. it's far from perfect, but i'm not sure it's nefarious.

[DooMAD]

i don't think your point is necessarily lost on them, but central banks don't have the ability to direct money to the lower classes.

But governments do.  At the risk of turning this into an economics thread, part of the message from this particular central bank could have been to demand action on that.  They chose not to.  So it's arguably worse if they are fully aware and still opted to do nothing.  Instead, they decide to ask the general public to bear an increased burden, as if they somehow had the same ability to produce money from nothing.  Pretty feeble if you ask me.  Their "spend more" message is not going to make any discernible difference.  People can't spend what they don't have, unless you want to encourage reckless borrowing and greater reliance on credit.  The cynic in me thinks they probably do want to encourage that, though.

[CreativeCoin]

Many people understand that this is a common practice in the United States, in which case they turn to people for stupid ideas, and many may understand that it is quite normal practice there. The people who live there earn and spend as if they are living on the last day, you can see how they love loud slogans, shopping, casinos and everything in this spirit. This clearly shows that there will be those who will spend

[verita1]

It is right! The message from the IMF is that we try to stimulate the economy. If we spend that is the goal. I think we are spending what we can and the crypto community is keeping their money in bitcoin and crypto.

We are trying to stimulate the economy and we do our best because we are still in a pandemic.
The macroeconomic sectors have suffered a setback in the indices due to the fall in jobs due to a decrease in economic activities.