The amount of money pumped into the system recently has been astronomical but the consequences are still pending.
The continued lockdowns have suppressed the velocity of money to unprecedented rates.
Once economies open up and the velocity of money picks up, WATCH OUT!
@drbitcoinmd how much of those bank reserves are in the real economy? The reserves created in 2008 nearly quintupled M0 but all we saw was financial asset price inflation.
@drbitcoinmd I doubt it. That’s what they fear. But if you get comfortable with $100 in the bank for a month. Then you’ll be comfortable with it for 2 more months. And so on. Plus most of that money went to the 1%. It’s not going to circulate.
Bitcoin Maston Instance