The FED is now apparently a social justice warrior and that is a great reason to own Bitcoin

We have heard all kinds of reasons to own bitcoin historically, but we may have gotten the single greatest reason just now...

Based on words from the New York FED itself posted on their web page, their "duel mandate" seems to have expanded quite a bit...

To the point that the FED now sounds very much like a social justice warrior.

Check it out:

(Source: https://www.newyorkfed.org/)

Dollar debasement and zero interest rates to achieve social equality?

The FED has embarked on a path recently of keeping interest rates near zero for "as long as it takes", while also being in favor of monetary stimulus whenever they deem necessary.

The recent statements by the NY FED (posted above) indicate that they are also deeply concerned with (and committed to?) not only helping the US economy but in helping specific minority groups as well.

This is the first time in history that the US FED has mentioned a specific minority group like this with stated goals of improving inequality on their landing page...

Interestingly enough, this hardly sounds like the verbage we would expect to hear from a society supposedly based on capitalism, which could be hinting that that is about to change.

This all goes to show just how far this BLM movement has gone.

It has gotten all the way to the NY FED.

And to be honest, this looks to me like a great reason to own bitcoin or gold. You want to own something that isn't shaped by politics.

I was always under the impression that equality for all had to do with everyone having somewhat equal opportunities, however, it is beginning to sounds more and more like this may go beyond that and start heading towards socialism...

Stay informed my friends.

-Doc

Posted Using LeoFinance