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Tired of Bank Bailouts and Hyperinflation? Bitcoin Offers Something Different

• https://news.bitcoin.com

People often wonder why a cryptocurrency with a limited supply like bitcoin has been gaining traction over the years. Since the 2008 financial crisis, the world's central banks have printed around $12-30 trillion worth of promissory notes, and more than $10 trillion in negative-yielding global bonds. However instead of the newly printed money helping global citizens, many complain that methods like quantitative easing (QE) were not distributed properly. People believe the central banks created hyperinflation and a large imbalance of income inequality because all the funds were given to the banker's friends  The money never trickled down to help the world's citizens.

The 2008 QE Domino Effect: The Boom Has yet to Bust

Back in 2007, the US subprime mortgage market started collapsing because many large financial institutions were selling homes to people who couldn't afford them, and the bankers played a game of derivatives roulette with the bunk mortgage notes. Soon enough the US subprime mortgage market exploded and it initiated an international banking crisis soon after Lehman Brothers crumbled on September 15, 2008. After Lehman Brothers buckled, bureaucrats worldwide began clamoring to the central banks to help them during the economic disaster. Politicians urged banks to stimulate the economy with a process called quantitative easing (QE). Essentially the central banks stemming from the US, Eurozone, the UK, Switzerland, Japan, and Sweden printed lots of fiat reserves for large-scale asset purchases like government bonds.

Tired of Bank Bailouts and Hyperinflation? Bitcoin Offers Something Different

Since 2008, the world's central banks have printed more than US$12-30 trillion worth of promissory notes and more than $10 trillion in negative-yielding global bonds.

Instead of helping global citizens QE allowed the central banks to further divide economic inequality and caused many countries to suffer from massive hyperinflation. From 2008 to 2017 the world's banking cartel printed over $12-30 trillion dollars worth of fiat, initiated hundreds of interest rate cuts, and created over $10 trillion in government bonds out of thin air. The truth is no one knows exactly how much the central banks have printed and handed out to their friends. Research from the University of Missouri estimates the Federal Reserve printed $29 trillion in fiat and gave it all to the central banking cartel and special interests.

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