BTC - This is going to be the FED's next plan once QE fails...

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(Edited)

The FED is going to run out of bullets rather quickly, this will be their next plan...

If you didn't hear already, the FED announced an emergency rate cut this morning.

They cut by 50 basis points.

The stock market initially jumped, but has since give it all back and the Dow is now down 350 points on the day.

That is a sign that this is bigger than a simple rate cut...

Their next arrow in the quiver will be QE.

Once that fails they will turn to the only place they have left to turn...

(Source: http://www.quickmeme.com/meme/3qqum0)

Bitcoin.

Their only chance for success...

Stay informed my friends.

-Doc

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12 comments
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The Steem blockchain is currently being attacked by a central authority in order to take control of the witnesses. If you are not managing your witness votes, please consider setting @berniesanders as your witness voting proxy by clicking here to help restore the decentralization of Steem.

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Please write a vote for witnesses 21-51 post like I did. Do it for your followers.

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I did this yesterday as well. I'm hoping more people do it. I had only used up a few of my votes up until now because I could only vet a few of them, but with recent developments I figure anyone is better than the current situation.

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Good decision, thanks! If people unvote these witnesses and instead vote for 23-51, we have done it!
do it.JPG

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I had a few tokens and SBD that weren't powered up, so I powered those up too. Every vote counts. Very close to getting a couple more witnesses in there if we keep this up, who knows how many spots can be held?

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