Pot Calling The Kettle Black: Fed Powell says Cryptocurrencies aren’t backed up by anything

Powell, speaking at a press conference Wednesday said

I do think crypto assets are risky, as they’re not backed by anything. And I think there’s a big consumer issue for consumers who may or may not understand what they’re getting.”

Like damn, how much more hypocritical can you get than that. Jerome Powell is the Chair of the Federal Reserve of the United States, has been in charge of printing trillions of dollars OUT OF THIN AIR since the start of the pandemic. It is ridiculous to hear him talk about crypto not being backed by anything.

Let's not ignore how the Fed has printed trillions of dollars for billionaires out of thin air, increased the debt to nearly $30 trillion, and has caused the inflation rate to reach nearly 7%. And the chairman of the SAME agency acts like he gives a shit about consumers. Absolute pure hypocrisy!