Bitcoin investor Preston Pysh and macro researcher Luke Gromen recently explored how central banks’ maneuvers to manage liquidity are impacting financial and crypto markets.
GENESIS WINK (GWINK), the BEP token is set to officially go live on PinkSale as a fair launch with Softcap of 10.000 BUSD between 11 and 13 January 2023. The
lying areas of heavy rains have ravaged farmlands and are expected to continue for the next two days. and australian court has ordered a former catholic archbishop convicted of covering up child sex abuse to serve his one year sentence at home rather than in jail philip wilson the most senior catholic cleric to be convicted on such charges was spared jail time due to health problems and soul music legend aretha franklin is seriously ill and receiving care in a hospice for the seventy six year old singer had cancelled planned concerts earlier this year due to health issues that after she announced last year that she would retire from performing. our time for business with have you have now and we have turkeys currency is really struggling to recover it is struggling and no one knows how it s going to recover or if it s going to happen any time soon turkey is actually trying to avoid an economic collapse the government has reacted with investments with threats and liquidity injections wh
a gold standard in theory if you weren t able to expand the currency to do that kind of thing, you wouldn t be able to do that kind of thing. you quoted barry. that gets to the heart of this. if you think about the financial collapse, the housing bubble when it burst, you had a financial sector that desperately needed liquidity injections meaning the federal reserve had to get to work and inject money into the system. under a gold standard, that would have been impossible. what that means quite literally is the credit system wouldn t have just needed reflation, it would have shut down, and recession would have morphed into great depression, no question about it. dave, paul ryan said when he begins thinking about monetary policy, he literally begins by going back to the work of ayn rand, which is surprised me because i didn t know she had a lot on monetary policy in her books, but i guess she does. what does he mean by that? he said this in a speech in 2005. sfiskly said he goes b
unlimited electricity in which we d end up with a ton of inflation. the other weird thing about this is in 1981 the country really was facing an inflation problem. it made sense that people would be looking for radical alternatives to help control inflation. today inflation is about as low as it s ever been and we ve come through a financial crisis in which the entire global economy might well have collapsed if the federal reserve hadn t stepped in as a lender as a last resort after the credit markets froze. across the sea, we ve been watching as the eurozone dissolves and the fears of the european central bank won t act as a lender of last resort over there. as the economist writes and he s the expert, a gold standard could mean, quote the kind of liquidity injections that could prevent the financial system from collapsing in the autumn of 08 would become impossible. unlike in 81 when the gold standard made a superficial sense in response to our problems 2012 is a moment where