Gensler also said several times during the interview that he doesn't see private forms of money as viable in the long term, comparing crypto to the Wildcat banking era of the 19th century when banks in remote areas of the U.S. distributed nearly worthless paper currency backed by bonds and other securities. "History tells us that private forms of money don't last long," Gensler told the Washington Post.🤣🤣🤣
ECB is second giant to taper. Bank of Japan already ended QE. Bank of Canada shed 15% of its assets. Bank of England & Reserve Bank of Australia are tapering. Reserve Bank of New Zealand quit QE cold turkey. Riksbank will end QE this year. What’s taking the Fed so long?Ha Ha Ha. They've long since painted themselves into a corner. RPM's latest interview touches on this quite well, though readers of this website could have known this for over a decade.