US Fed to Print $425B for New Year’s — 3 Times Bitcoin’s Market Cap

The United States central bank will inject at least $425 billion of nonexistent money into the economy by the middle of next month.

In a statement released Dec. 11, the Federal Reserve confirmed it would ramp up so-called repurchase, or “repo,” operations on key dates over the new year period.

Fed to “print” 3x Bitcoin market cap in weeks

The time of year required extra assurances for banks, the Fed claims, with repo operations designed to support their day-to-day operations. 

“The Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York has released the schedule of repurchase agreement (repo) operations for the monthly period from December 13, 2019 through January 14, 2020,” the statement reads.

The Fed then confirms:  

“In accordance with the most recent FOMC directive, the Desk will conduct repo operations to ensure that the supply of reserves remains ample and to mitigate the risk of money market pressures around year end that could adversely…