Thriller Rundown - S3EP8: Is This Why Bitcoin Matters?
The Rundown
The US Quietly Printed $75 Billion out of Thin Air (For the Banks). This Is Why Bitcoin Matters
The United States Federal Reserve has suddenly injected $53 billion in short term lending markets by buying US Treasuries and other securities for the first time since 2008. They are to print another $75 billion today as money seemingly dries up with the culprit apparently being too much government debt offerings.
“Banks get the overnight capital they need by pledging collateral, usually Treasury bonds, in exchange for cash. When the Fed provides the cash, they basically print the...
The US Quietly Printed $75 Billion out of Thin Air (For the Banks). This Is Why Bitcoin Matters
The United States Federal Reserve has suddenly injected $53 billion in short term lending markets by buying US Treasuries and other securities for the first time since 2008. They are to print another $75 billion today as money seemingly dries up with the culprit apparently being too much government debt offerings.
“Banks get the overnight capital they need by pledging collateral, usually Treasury bonds, in exchange for cash. When the Fed provides the cash, they basically print the...
Activity