Let’s tease this out a bit. Not saying this is gonna happen, but what if early next week, 3, 4, 5 more banks fail. The next week 10.
Certainly the Fed steps in, right? They’ll probably print to oblivion to make everyone whole.
What if… to remain stoic and committed to fighting inflation, J Pow does nothing? Hard to believe that would happen but as these events start to stack up, the credibility of the Fed gets a bit more questionable.
They’ll surely try to kick the can down the road “one more time” but what happens when they get to the end of the road? What will the price of bitcoin do? Will be exciting and scary all at the same time.
bitcoin_fire
npub1c8…74ynl
2023-03-10 18:59:22
in reply to nevent1q…rhww
Author Public Key
npub1c8nm0l53m2yjcvq3gwcrx6m7enksy2r6hf9zn73ttzdzp2q0jease74ynlSeen on
wss://relay.nostr.bandPublished at
2023-03-10 18:59:22Event JSON
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"content": "Let’s tease this out a bit. Not saying this is gonna happen, but what if early next week, 3, 4, 5 more banks fail. The next week 10. \n\nCertainly the Fed steps in, right? They’ll probably print to oblivion to make everyone whole. \n\nWhat if… to remain stoic and committed to fighting inflation, J Pow does nothing? Hard to believe that would happen but as these events start to stack up, the credibility of the Fed gets a bit more questionable. \n\nThey’ll surely try to kick the can down the road “one more time” but what happens when they get to the end of the road? What will the price of bitcoin do? Will be exciting and scary all at the same time.",
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