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Jerome Powell warns of the consequences of the Ukraine-Russia crisis for America - You know what that means: More Brrrrr to come. Bitcoin will go much higher in the coming months.

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by COINS NEWS 139 Views

With the COVID crisis almost over, the Fed had to change its monetary policy. No more unlimited money printing, no more injections of liquidity into the financial markets, and higher interest rates.

The Fed took so long to announce this inflection of its monetary policy that one could have the feeling that it was simply waiting for the next crisis to announce that it was going to continue printing money fiat out of thin air in mass.

So the crisis between Ukraine and Russia is very timely, if I may say so. War is always a horrible thing, but we can see that some people always find ways to take advantage of it.

Jerome Powell is now warning us that the consequences of this war between Ukraine and Russia will make the situation more than uncertain for the American economy. With two weeks to go before the next Fed FOMC meeting, we have the feeling that Jerome Powell is preparing to tell us that the Fed does not want to change its monetary policy as expected.

This war seems to be the perfect justification to get the consent of the people to continue printing fiat money out of thin air in a massive way. Inflation will continue to be very high, but everyone will be talking about the war. The attention of the general public will be diverted from this major issue.

If it goes that way, we can expect the price of Bitcoin to go much higher in the coming months.

submitted by /u/sylsau
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