menuIcon
$ 95,391.9
BTC
$ 95,391.9
-0.87 %
$ 1,824.89
ETH
$ 1,824.89
0.02 %
$ 0.6831
ADA
$ 0.6831
-4.49 %
$ 588.44
BNB
$ 588.44
-1.85 %
$ 146.75
SOL
$ 146.75
-0.06 %
Zain Raza
Apr 10, 2020
by Zain Raza

Elon Musk, Pompliano, Highlights The Failure of US Fed Reserves

US Fed Reserve

Table of contents

  1. The US Fed Reserve has Got a One Track Mind Right Now
Elon Musk, the CEO of Tesla and SpaceX has put out a tweet talking about the US economy. It appears that he thinks that the economy is all doom and gloom. The tweet shows a moon view, with an astronaut standing on it, witnessing a meteorite hitting the planet and destroying it.  One of the most prominent names in the modern entrepreneurship world, Elon Musk might be taking a sly dig at the US  FED reserve as it is looking to inject more cash in the US economy go save the dying businesses.

The coronavirus has impacted economies around the globe and the US one has been hit rather hard.  The US Fed Reserve has resorted to just infinite printing of cash to fight the pandemic.  The life of an average American is getting worse day by day. The number of unemployed people in Us already hit 3.3 million in the US two weeks ago.

Anthony Pompliano, the bitcoin fan also tweeted that these sort of numbers are the worst numbers in the unemployment department in the history of the country.

He also believes that this is set to get worse before there's even a hint of improvement on these numbers. He appears to be right as this week 6.6 million more people for two consecutive weeks came out claiming to be unemployed. He also asks the US citizens that in catastrophic times like these that they all stand together and be nice with each other as they don't know what the person next to them is going through.

The US Fed Reserve has Got a One Track Mind Right Now

The US FED Reserve is infinitely printing the US dollar to provided the citizens of the country $1,200 per months to help them in fighting against the corona crisis. A few economists believe that the US is borderline on another great depression and it could be way worse than the one it endured in 1929-1930.

You May Also Read.

    Follow us on: News
    Elon Musk, Pompliano, Highlights The Failure of US Fed Reserves
    Zain Raza
    Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

    Top Picks