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It unfortunately that there is so much misinformation about things like the bailout. A lot of people think that the US government gave the banks free money when

It unfortunately that there is so much misinformation about things like the bailout. A lot of people think that the US government gave the banks free money when in fact it was just a loan of sorts that the banks had to pay back with interest. In fact the the US government actually made money from the bailout. > In total, U.S. government economic bailouts related to the global financial crisis had federal outflows (expenditures, loans, and investments) of $633.6 billion and inflows (funds returned to the Treasury as interest, dividends, fees, or stock warrant repurchases) of $754.8 billion, for a net profit of $121 billion. - https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program#Impact https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program#...

GDC7 5y ago
> It unfortunately that there is so much misinformation about things like the bailout If you are an organization with 6000 nukes, 22T GDP, largest navy and airforce you don't get to cry about "misinformation". People don't like QE and bailouts. Period. The burden of the proof is always on the person/organization trying to sell something. Always. For sure the public didn't conceive QE or bailouts and didn't try to sell it to the government. Bitcoin would not exist if QE and bailouts were marketed by master salesmen such as Steve Jobs, Dana White, Don King or David Geffen We as investors should operate with what is perceived by the population, not textbooks. Perceptions move the market, and in the case of Bitcoin perception created a market. From 0 to 2 trillions in 10 years.