This week, we had huge Ripple XRP news and crypto news as the Federal Reserve announced that banks are no longer required to maintain any balance of cash on hand in order to issue new loans. Banks have now been given the freedom to print money on command. There is no question, this will create hyperinflation. What will benefit from an inflationary currency? How about something with a limited supply? Something like XRP! I would expect Bitcoin and Ethereum would benefit from this as well. However, the United States has made it clear that the printing of money in unlimited quantities will be allowed in an attempt to hold the stock market up. Join me in this video as we discuss how the Repo operations were used to help banks maintain their reserve requirements, and how we went from $50 billion per night back in September, to $1 Trillion per day this week… Just to maintain a reserve balance, which they don’t have. They are out of money.
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