2 Question Tuesday – 09/28/2021

Welcome to 2 Question Tuesday. This week, Phil and Mike discuss the implications for bitcoin after China’s decision to ban transactions in crypto currencies. They also walk through how the US government is currently monetizing its debt thanks to the Federal Reserve’s quantitative easing program. This week’s client submitted questions were:

  1. What do you think about China’s move to outlaw Bitcoin?
  2. What does monetizing the National debt mean and how does that impact interest rates?

Submit your questions to jmccarthy@focusedwealthmgmt.com

As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.