The pressure is mounting on the major economies of the world. This can be clearly evidenced by observing central bank monetary policy over recent years in various countries. Bitcoin was envisaged to solve this problem but more people need to start using it for that to occur.
Geopolitical tensions may have eased somewhat over the past few days but economic ones have not.
US president Trump may harp on about how strong the stock market is at the moment but he fails to mention the weakening strength of the dollar, or escalating cash injections that are still being carried out by the central bank in the name of quantitative easing.
According to the WSJ, another $41 billion was injected into financial markets by the New York FED last week. These ongoing repo interventions take in bonds from eligible banks for short-term loans of central bank cash, which is collateralized by the securities.
The central bank has been injecting money into markets since September to keep liquidity high and allow banks to issue more loans…