Bitcoin Or Oil: What To Buy In 2022?

Bitcoin Or Oil: What To Buy In 2022?

Shortly after the World Health Organization (WHO) declared Covid-19 a global pandemic, governments everywhere unveiled massive monetary and fiscal stimuli (over $15T globally) in a bid to forestall an economic fallout. The U.S. federal government stepped in with a broad array of measures, including a $2.3 trillion package designed to support financial markets, state and local governments, employers, and households. Democrats are pushing for yet another $3 trillion package to shield eligible Americans from the effects of the pandemic.

But a Wall Street expert warned that these generous packages would later come back to haunt the markets and end up doing more harm than good.

New York Times bestselling author and founder of 'The Bear Traps Report' Lawrence 'Larry' McDonald warned of the 'cobra effect' whereby the stimuli designed to save the economy will instead "...cause a hyperinflationary economic collapse."