Scramble for Dollars: Emergency Cash Injections in $250 Trillion Global Debt Place the Fiat Ponzi On Ventilator

The last few weeks of global hysteria has shown there’s been a mad dash for dollars and various fiat currencies. Moreover, central banks have tried to quell cash liquidity issues by injecting trillions into the hands of private banks and hedge funds worldwide. As the financial system shudders with more than $250 trillion in global debt, the government’s monetary system looks more like a crumbling Ponzi scheme every day. Charles Ponzi would be proud of the world’s fiat system, as today’s monetary framework requires an endless supply of victims to sustain confidence in currencies backed by nothing.

Also read: US Cash Crisis: Withdrawal Limits Spark Bank Run Fear

Central Banks Pump Trillions Into the Hands of Financial Institutions Trying to Establish Confidence in the Fiat Ponzi Scheme

The coronavirus scare has created havoc across global markets and in response, central banks worldwide have injected trillions into the hands of private banks and corporate entities. For instance, the Federal Reserve revealed it would be funneling $500 billion per day into repo markets until Friday and the central bank started repo operations on Monday. Bank of England’s governor Andrew Bailey told the press on Wednesday that the bank was “prepared to pump unlimited money into the financial system.”

Scramble for Dollars: Emergency Cash Injections in $250 Trillion Global Debt Place the Fiat Ponzi On Ventilator
The Bank of England’s Andrew Bailey said he’s willing to pump unlimited QE into the hands of financial institutions.

There are also at least 20 well known central banks that have injected vast amounts of fiat into the hands of financial institutions. In the U.S., partisan Congress members and President Trump have approved a trillion-dollar package to combat the coronavirus effect on the economy. The federal government is even talking about ‘helicopter money’ by putting $1K or more into the hands of American residents. At the end of 2019, global debt had risen to $250 trillion and trillions more have been added within the last two weeks.

Scramble for Dollars: Emergency Cash Injections in $250 Trillion Global Debt Place the Fiat Ponzi On Ventilator

With all the massive printing and all the debt amassing, people have been scrambling for dollars and a short term fix throughout the chaos. The monetary system is looking like a Ponzi scheme where participants at the top are rushing to leave before the system collapses. With covid-19 attacking their revenue, corporations and banks are begging for more stimulus even after last year’s incredible stock market bull run. Still, the crisis has so many people shocked that they are not questioning the debt problem until they are faced with a credit crunch. The U.S. dollar and the rest of the fiat currencies are quickly showing their true colors as full-fledged Ponzi schemes.

The term Ponzi scheme derives from the method’s creator Charles Ponzi, an Italian born swindler who defrauded a number of investors with one of the first high-profile pyramid schemes. Essentially, Charles Ponzi conned paying participants into recruiting even more participants by promising big returns that were supposed to funnel downward. However, Ponzis typically collapse because they don’t sustain for very long. Top members of the Ponzi always leave the lower end participants with nothing after taking everything during a period of time.

Scramble for Dollars: Emergency Cash Injections in $250 Trillion Global Debt Place the Fiat Ponzi On Ventilator
The three top U.S. indexes saw gains on Thursday as well but still have a ways to go for a decent recovery. In order for a Ponzi scam to continue, participants must be confident in the system.

Politicians and Bankers Faced a Margin Call – They Want You and Future Generations to Bail Them Out

Out of the $250 trillion+ of global debt, the U.S. commands a large sum ($23 trillion) of that, alongside countries like Japan ($11 trillion), and China ($6.2 trillion). Bureaucrats and central bankers from these countries have no intention of paying off their debts. They simply know that the Ponzi system will lose considerable amounts of money annually and they just create new debt to keep it going. Essentially, when the margin calls come in and debts are due, profits are paid to the politician swindlers and the bankers who sell the scam to newcomers. The profits stem from suckers who are willing to bolster the confidence of the U.S. dollar, the euro, pound sterling, yen, and manipulated stock markets.

Scramble for Dollars: Emergency Cash Injections in $250 Trillion Global Debt Place the Fiat Ponzi On Ventilator

Governments like the U.S. solely rely on the confidence of their creditors and they know they can cheat the game even more each year without citizens even knowing. Instead of growth, politicians shill debt in order to keep the Ponzi scheme going even stronger. If bureaucrats didn’t sell the fiat Ponzi scheme, the con would be uncovered easily and the citizens would likely toss them out of office. Crises and economic fires they started and tossed gasoline on are often used to keep the pyramid scheme still going in the face of a burning emergency.

Scramble for Dollars: Emergency Cash Injections in $250 Trillion Global Debt Place the Fiat Ponzi On Ventilator
Bitcoin.com has numerous resources available for anyone to get started learning about and using cryptocurrencies like BCH, BTC, and ETH. Our comprehensive website has a local peer-to-peer marketplace, an exchange, a fantastic gaming platform, a mining pool, cloud contracts and so much more. Check out our guides, resources, and services today.

While central banks and bureaucrats find ways to manipulate the world’s monetary system, cryptocurrencies can benefit global citizens by offering them a way out of the manipulated and monopolized game. As more people join the cryptoconomy by using digital assets like bitcoin cash (BCH), they can opt out of a system filled with rabid inflation and great busts and booms. While the central banks deal with the cash crunch and create more financial crises worldwide, cryptocurrencies will be there to offer financial sovereignty and censorship-resistant money. A monetary solution that offers such benefits in a society filled with multi-level fiat currency Ponzi scams will certainly thrive in the face of adversity.

What do you think about the scramble for dollars and how cryptocurrencies offer economic freedom in a world filled with monetary manipulation?

Disclaimer: This article is for informational purposes only. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


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Bail-Out, Bailouts, Bank of England, BCH, Bitcoin, bitcoin cash, BTC, Cash, Cash Injections, cash money, Central Banks, Charles Ponzi, COVID-19, Cryptocurrency, Dollars, Featured, Federal Reserve, Fiat, Finance, injections, margin call, Markets, New York Fed, news, politicians, stimulus, trillion-dollar packages, trillions
Scramble for Dollars: Emergency Cash Injections in $250 Trillion Global Debt Place the Fiat Ponzi On Ventilator 1
Jamie Redman

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today.

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Scramble for Dollars: Emergency Cash Injections in $250 Trillion Global Debt Place the Fiat Ponzi On Ventilator 2
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bitcoin
Bitcoin (BTC) $ 43,924.00
ethereum
Ethereum (ETH) $ 3,111.48
cardano
Cardano (ADA) $ 2.27
tether
Tether (USDT) $ 1.01
binance-coin
Binance Coin (BNB) $ 351.19
xrp
XRP (XRP) $ 0.951471
solana
Solana (SOL) $ 138.84
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 29.63
dogecoin
Dogecoin (DOGE) $ 0.208938
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 43,924.00
ethereumEthereum (ETH)
$ 3,111.48
tetherTether (USDT)
$ 1.01
bitcoin-cashBitcoin Cash (BCH)
$ 510.19
litecoinLitecoin (LTC)
$ 153.52
bitcoinBitcoin (BTC)
37.477,49
ethereumEthereum (ETH)
2.654,82
tetherTether (USDT)
0,861767
bitcoin-cashBitcoin Cash (BCH)
435,31
litecoinLitecoin (LTC)
130,99
bitcoinBitcoin (BTC)
32,096.45
ethereumEthereum (ETH)
2,273.64
tetherTether (USDT)
0.738034
bitcoin-cashBitcoin Cash (BCH)
372.81
litecoinLitecoin (LTC)
112.18

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin43,886 0.77 % 2.54 % 9.08 %
Ethereum3,104.0 0.83 % 5.58 % 9.44 %
Cardano2.270 0.32 % 1.73 % 4.55 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Binance Coin350.73 0.02 % 0.00 % 14.77 %
XRP0.9567 1.13 % 1.77 % 11.07 %
Solana139.24 0.90 % 1.85 % 18.14 %
USD Coin1.000 0.18 % 0.14 % 0.14 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2090 0.53 % 0.39 % 13.58 %

bitcoin
Bitcoin (BTC) $ 43,924.00
ethereum
Ethereum (ETH) $ 3,111.48
cardano
Cardano (ADA) $ 2.27
tether
Tether (USDT) $ 1.01
binance-coin
Binance Coin (BNB) $ 351.19
xrp
XRP (XRP) $ 0.951471
solana
Solana (SOL) $ 138.84
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 29.63
dogecoin
Dogecoin (DOGE) $ 0.208938