@NickGweezy
Nick G
@NickGweezy · 4:59

Bitcoinomics and The Heavy Handed Fed

It's called the money multiplier. When a bank gets one dollars, they are theoretically able to create $9 of value by loaning it to the next guy for eight. Who loans it to somebody for seven to 6543. Sounds convoluted. And it very much is. You're supposed to take value from the last guy and create value with the next guy. And the next guy creates value with the guy after him. So the Federal Reserve is attempting to slow down the metabolism of the monetary economy

#bitcoin #crypto #finance #economics

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@DBPardes
Deborah Pardes
@DBPardes · 1:02

@NickGweezy

I'm hearing all these trends, but I don't know what to do about them. If anything, I think speaking to me is speaking to the average person who has very little despite the income. Like, I don't think I have a few money, if you know what I mean. So how do I behave to be forward thinking, given what you just said
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@DBPardes
Deborah Pardes
@DBPardes · 0:13

Dispendable versus dispensable 😜

And the word I used dispenble. Actually, I meant dispensable, but I kind of liked that I used dispensable, which more means reliable. But dispensable is what I meant. Fix
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@NickGweezy
Nick G
@NickGweezy · 3:43
The Fed is going to give it to the banks and then the banks you don't want to call it lending out the money, but they're going to give you a return for holding it in their savings account so you can get two or 3%. So move as much money as you can into a savings account
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@NickGweezy
Nick G
@NickGweezy · 0:11

@DBPardes

You want to laugh? I just recorded a reply but didn't know how to reply to you. So now it's all alone underneath the comments. But I did reply
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@Swell
Swell Team
@Swell · 0:15

Welcome to Swell!

@dobbsty
Ty Dobbs
@dobbsty · 1:09

@NickGweezy

Has it ever been done before and will this create gas prices to continue to rise or will it like you said, we'd just be paying the same amount of money for gas or less gas? I'm a little confused in that, but I'm curious how you say this would relate to the gas prices currently we're facing. Thanks for your time and your wisdom. It's really helpful
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