The Federal Reserve Bank of New York very quietly handed out $75 billion in cash to the banks on Wednesday in a process known as a ‘repurchase operation,’ or repo. This emergency measure hasn’t been used at scale for a decade, since the last financial crisis. It’s a reminder of the central banks’ power to […]
The post The US Quietly Printed $75 Billion out of Thin Air (For the Banks). This Is Why Bitcoin Matters appeared first on CCN.com
source https://www.ccn.com/dollar-printed-75-billion-why-bitcoin-matters/
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