$2000 directly deposited into the hands of ordinary people—this round is truly monetary easing.
Trump just announced that everyone, except the wealthy, will receive a $2000 stimulus check. Note that the wealthy are explicitly excluded, meaning this money will flow precisely to the middle- and low-income groups—who gets it, who spends it immediately. What does this imply? It’s akin to the U.S. government tacitly admitting that they can no longer withstand inflation pressures caused by trade wars, but where does the money come from? Printing money.
Why did Bitcoin immediately surge past $103
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