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Do you think FED will take us to deflation to discourage BTC adoption?
12 sats \ 4 comments \ @BITCOIN_CEO 13 Nov 2022 bitcoin
A little conspiracy I've been having in my head is that we will be taken into deflation in terms of USD to "teach us" that deflation is bad so bitcoin must be bad. After that the printers will be turned back on but in terms of "targeted help" as in the central bank will send you x amount of money to be spent only on food. This will be done with a CBDC. The only way they willi encourage you to use CBDC is because it will be the only way for you to get money.
Please tell me I'm wrong.
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11 sats \ 1 reply \ @Eximpius 13 Nov 2022
Well, they are not gonna bring inflation down back to where it was 2 years ago unless the FED raises rates to like 15% or more lol. They are just trying to level the inflation off. They cant raise it to the levels needed to actually bring inflation down because if they do, all their assets and their rich friends assets will lose a ton of value and make them lose money. I dont see them doing that and hurting themselves.
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1 sat \ 0 replies \ @Undisciplined 13 Nov 2022
On that note, and I think most importantly, servicing the federal debt will become impossible in a deflationary environment.
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1 sat \ 0 replies \ @kilianbuhn 13 Nov 2022
No.
You're wrong in your premise. The fed never meant this monetary system to be a saving vehicle. Stocks, bonds, real estate etc were meant to be.
The fed will never turn the US Dollar into a temporary deflationary currency. They might be more vocal about convincing people to invest in treasuries or houses or the S&P500 ...
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1 sat \ 0 replies \ @Leganny 13 Nov 2022
I think you are not wrong. In the future (not a few years) the state is going to try to control our expenses like you say. But i'm sure about is impossible to make de usd deflationary, because the government have a lot of debts. They need to print more in the near future.
So, today they are rising the interest rates because they need to pretend they are trying to control the inflation and are thinking in the people.
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