#407: FedNow is not a CBDC with Matthew Mežinskis
TFTC: A Bitcoin Podcast
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COVID Stimulus - What's the Difference?
We're still 70% of global money, which does show some faith. It kind of goes back to what we were saying before: How valuable could really a Chinese, rural world currency be? I really doubt that. But you know, that's what they're trying to do. So there you see the big COVID stimulus. We went to the total was 30 trillion. And then it's tried to do quantitative tightening as they call it here. The Fed also has a huge reverse repo position, which is basically base money for non-banks, for money market mutual funds and stuff. You could kind of take this back up to 30 trillion.
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