The Rundown - Digital Dollar
People’s Bank of China Digital Yuan
USD Held World Wide
How many Satoshi’s are there in 21 Million?
2,100,000,000,000,000
After bitcoin becomes too expensive for the average person to deal with it in whole bitcoins (already the case for some people), we will begin dealing, speaking, and thinking in smaller units like millibitcoin and microbitcoin, but the most elemental bitcoin unit is the satoshi.
How many satoshis are there (or at maximum)? This many:
2,100,000,000,000,000
Which is found by multiplying the maximum 21 million bitcoin by the number of satoshis per bitcoin, which is 100 million.
How do you pronounce that huge number? Like this:
"Two quadrillion one hundred trillion."
5 Good Minutes
QE Infinity
The United States Federal Reserve has suggested it could print unlimited money. Here's what that means for Bitcoin. Traditional markets are in dire straits. The S&P 500 has dropped to levels not seen since 2017, and the Dow Jones has fallen to levels not seen since 2016. In response, the Fed is doing all it can to try to stop the carnage, promising $1 trillion in daily repo operations (loans to banks) and further quantitative easing—putting more money into the system.
The Hard Truth
What I think is really going on…
Fed Enlists BlackRock In Its Massive Debt-Buying Programs
The Federal Reserve tapped BlackRock Inc. to shepherd several debt-buying programs on behalf of the U.S. central bank as it works to revive an economy reeling from the spread of coronavirus.
BlackRock, the world’s largest asset manager, will serve as an investment adviser and manage assets for three separate programs, the New York Fed said Tuesday. Those include two new facilities the central bank announced Monday to provide liquidity to corporate borrowers, as well as purchases of agency commercial mortgage-backed securities.
The Fed’s move to tap BlackRock carries echoes of the last U.S. financial crisis. In the fallout from the 2008 meltdown and its subsequent bailouts, the central bank turned to the asset manager to run portfolios of mortgage assets from Bear Stearns Cos. and insurer American International Group Inc.