Are we ‘sleepwalking’ into next financial crisis? RT’s Boom Bust explores fiat v crypto battle ...News

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Are we ‘sleepwalking’ into next financial crisis? RT’s Boom Bust explores fiat v crypto battle
Bitcoin proponents have been lately voicing alarms after the US Federal Reserve printed more money in a single month than bitcoin's entire market cap of nearly $149 billion. Since mid-September, the Fed has injected $210 billion into the economy, insisting the move is not a return to quantitative easing. Meanwhile, the former Bank of England governor Mervyn King said at an IMF meeting that by “sticking to the new orthodoxy of monetary policy and pretending that we have made the banking system safe, we are sleepwalking towards that crisis.” He has also warned of devastating consequences. B

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