And it seems that some recipients of those free money cheques did opt to put some of their wealth outside the system. Following the first round of stimulus, some of the leading crypto exchanges indicated an uptick in deposits to the value of $1,200. The Democrats & Republicans are thrashing out a second round of stimulus and it seems odds on that this will include free money cheques.The personal savings rate in US has, unsurprisingly, shot up from average 7.9% to 23% from the period of March this year, according to this stat
It would suggest to me that in the event of full re-opening of economies there will be, combined with increases in government spending across the globe, a surge in demand. Will this demand bring forth an inflationary effect?
Options to keep (some of) your wealth outside this system have never been needed more imo.
I am taking Colm's advice and getting off stage.
Past incarnations have descended to The Cult vs The Duke.
This is the dream scenario of the cultists,
"Platini is not a great player"
Guys
I don't know a thing about bitcoin, so forgive the naivety of my question.
I understand that bitcoin can be viewed either as an investment or as a replacement for conventional currencies. If I consider it as an investment, I want it to increase in value by as much and as quickly as possible. If I consider it as a currency, I want it to have a reasonably stable value, so that I can know with reasonable confidence how many loaves of bread I can buy for a bitcoin or how many bitcoins it will cost me to buy a car (definitely not a Tesla in my case!). How can these apparently conflicting objectives be reconciled?
It would certainly seem like someone is taking your advice -> LINKBuy Bitcoin
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