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RE: $1200, $600, and now $1400 Stimulus Checks, how to spend?

in Project HOPE3 years ago

Dear @vixmemon

Interesting choice of topic. Upvoted already.

It surely is free, but it's yours because you had been paying this money to the government for years in the shape of taxes in one form or the other.

Small correction: It's not free and we didn't pay those money.
Cost of those money is future debt, which is going to be a heavy weight for the economy and it's future recovery / growth.

ps.
All those stimulus money make me wonder how will it all affect crypto.
My view is quite straight forward: there isn't enough assets which wouldn't be already in the bubble, which could absorb even small % of those newly "printed" FIAT currencies.

It's obvious to me, that as long as economies will be providing new stimuluses - crypto and other assets will grow in price. More and more people who are moving into crypto are doing it, because they fear that FIAT currencies days are numbered. And those people won't move their wealth back into FIAT. Out of that fear. It's simple as that.

Have a great monday buddy :)
Yours, Piotr

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Agreed on,

With every dollar printed, crypto is going to get a push!

Agreed on,

Future debt caused by money printing, and it is not free in terms of how this affects you in the future. But along with printing money, there is a whole plan that will support this much printing and stabilizing the economy over time.

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