Read more on this subject: Federal Reserve
News Story Source: Change the News – Like Rudkowski, Tim Picciott
* Today, March 12, 2020, the Desk will offer $500 billion in a three-month repo operation at 1:30 pm ET that will settle on March 13, 2020.
• Tomorrow, the Desk will further offer $500 billion in a three-month repo operation and $500 billion in a one-month repo operation for same day settlement.
• Three-month and one-month repo operations for $500 billion will be offered on a weekly basis for the remainder of the monthly schedule.
That's $175 billion / day
Further, they discuss the effect this has alerady had and will likely continue to have on Bitcoin, gold, and silver.
Craziness in the crypto market – bitcoin plummets nearly 30% in an hour. Volume of bitcoin relative to other markets is big. Tim believes this is major market manipulation via whales switching between markets. Extreme fear phase is NOW, which is a good indicator that now is the time to BUY. Best to chose the cryptos that are secure, private, etc.
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