Hayes just outlined one of the toughest macroeconomic theories: either they print trillions, or the system collapses.
$5 trillion is needed to support Fannie & Freddie — otherwise the mortgage market will die.
Add in bank support, and the minimum will be $9 trillion — just to stay afloat.
Foreign capital (Taiwan, Korea, Singapore) is leaving the US markets.
The Fed is becoming the buyer of everything — there are no others.
This is where #bitcoin comes in.
If $9 trillion starts chasing 21 million coins — $250k for #BTC — this is just the beginning.
