Well this doesn’t sound like 740EH/s of computing power to produce… sounds more like HAWK TAUH coin…

#bitcoin

Scott Pelley of NBC ’60 Minutes’: Fair to say you

simply flooded the system with money?

Fed Chair Jerome Powell: Yes. We did.

That’s another way to think about it. We did.

Pelley: Where does it come from?

Do you just print it?

Powell: We print it digitally. So as a central bank, we

have the ability to create money digitally. And we do that

by buying Treasury Bills or bonds for other government

guaranteed securities. And that actually increases the

money supply. We also print actual currency and we

distribute that through the Federal Reserve banks.

#endthefed