Feds printing notes to resolve financial problems of the countries is not new concept at all but they have been printing money at such at enormous level that if we see hyperinflation few years ahead but in reality it would come to the real world soon and then what will happen? The Feds will be busy printing notes again to tackle it creating even worse situations ahead or in simple terms your Fiat useless or mere piece of paper only like what happened in Venezuela where you could not buy toilet papers worth millions of dollars also and they have thrown them into garbage dumps of city :
But the problem is they don't see it as bad move and now you could see how much the supply has increased over past time like over 80% of US dollar supply is printed in a decade only.
2016 : Fed prints $6.25 Million each ten minutes
2021 : Fed prints $12.5 Million each ten minutes
While bitcoin halves US dollar doubles
Here is illustration for the same that how the money supply has increased over time and you could easily recognise how much was printed over past decade
But the problem is they still not take lessons from their past mistake and wants to raise the debt limit again by almost $ 2.5 trillion and bill was passed in the Congress session for the same :
Congress gave final approval early Wednesday to legislation that would raise the debt ceiling by $2.5 trillion, moving over nearly unanimous Republican opposition to stave off the threat of a first-ever federal default until at least early 2023.
Senator Chuck Schumer of New York, the majority leader, said on Tuesday that the $2.5 trillion figure would be enough to punt the threat of a default past the midterm elections next year, an assessment shared by the Treasury Department, according to a person familiar with its internal estimates. The debt limit, which covers debt incurred by administrations from both parties, is currently set at $28.9 trillion.
Congress $2.5 trillion debt limit raise You could check there is line in the article that says as follows :
“The American people can breathe easy and rest assured there will not be a default,” Mr. Schumer said in a speech on the Senate floor.
What the hell? You create all the problems and then prints notes out of thin air and says now people can relax easily? Well that's what they have been doing from past hundred of years like putting the whole blame on each other but the money printing game continues every time no matter who is in the white house.
But they do have the impact on currency devaluation and you could easily find that almost each fiat currency has lost it's quite good amount of value over time and then they say bitcoin could destabilize their economy like they were doing the right thing and knows inside bitcoin could safeguard them but still don't want to accept the reality.
Recently bank of England also issued some statement like btc could go to zero ignoring the fact the value British pound has lost over time :
Secondary dollar devaluation is not a new concept for most of us and we are aware that how much it has lost in value over all these years and spending billion dollars on wars and then again printing more and more out of thin air and then say crypto is not backed up by any thing like the fiat which only some knows in reality but they will keep talking shit about btc as they fear decentralisation of power.
For all these reasons i have invested in Bitcoin after so much research and that's why dips also don't matter in the end and have shared about the same here :
Reasons why I prefer Bitcoin over any other assets and dips don't panic me....The same is situation with almost every currency and that's why we need bitcoin as the main source to protect us from coming inflation or say super inflation situations that could be more worse than they might seem to you.Bitcoin is the exit policy from all such worries.
Bitcoin is hedge guard against inflation which you need to grab ar the right time.
