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RE: Nomi Prins: "The Fed Is Scared To Death Of Crashing The Global Financial System
The Fed most certainly will crash the economy. That is what they do. It might not happen today or tomorrow but there will come a point where they step right on the throat of it.
People seem impressed how the central banks can "manage" the economy. I disagree...I think what they do is a disaster...they dont manage anything...they allow bubbles to be created (like now) and then allow them to pop. That is what the fed does.
That is why we had over 100 years of boom/bust cycles. It has taken 10 years to get this boom...and there might be more...but the bust is coming.
This is why I think everyone should be in crypto, at least a little bit. It's like hedging your bets(using fiat) against the inevitable bursting and recreating of the bubbles we all know are happening...
Before crypto, the doomsday hedgers said the same thing about holding gold and silver in case of a monetary collapse.