February 28, 2021

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FED´s purchasing open-ended assets: Binance CEO responds

1 min read
FED´s purchasing open-ended assets: Binance CEO responds

The Federal Reserve of the United States (FED) announced this morning that they will stimulate the economy by redeeming all open-ended asstes. Gigantic earlier measures did not prove to be effective and the bubble still burst.

 

CEO Binance CZ responds. Likewise, many other prominent cryptocurrency figures call this move as madness.

 

Federal Reserve prints money and buys everything they find

 

The United States has decided to support as much as possible the local economy and, above all, large employers. The Fed decided to buy a maximum number of open-ended assets to support the market and provide it with sufficient liquidity. The only problem is that there is no money. They will have to print.

 

For example, the founder of Morgan Creek Digital Anthony Pompliano responded to a surprising move that is absolutely unprecedented:

 

 

CEO Binance CZ, who does not conceal his negative attitude to US monetary policy, added his comment.

 

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