Arthur Hayes, founder of BitMEX: More banks will fail or the Federal Reserve will restart the banknote printing machine

On March 12, Arthur Hayes, founder of BitMEX, commented on the fact that the Federal Reserve was considering setting up a fund to guarantee deposits in the event of more bank failures, saying that it was getting closer to the start of the money printing machine. Remember that they first tried the Troubled Asset Relief Program in 2008? The market continues to fall and financial institutions continue to go bankrupt. Then they finally turned on the money printing machine. I guess it may follow a similar trajectory this time. Let’s see how big the rocket launcher is.

Interpretation of this information:

Arthur Hayes, founder of BitMEX, gave his opinion on the potential actions of the Federal Reserve in response to potential bank failures. He speculated that the Federal Reserve was getting closer to initiating the “money printing machine” and compared it to the Troubled Asset Relief Program used in 2008 to address financial institution failures. Hayes suggests that the market is still falling and financial institutions are still at risk of bankruptcy, which may lead to the use of the “money printing machine” again. He also emphasizes the potential magnitude of this action, using the metaphor of a rocket launcher.

The first keyword from this message is “Federal Reserve.” The Federal Reserve is the central bank of the United States responsible for implementing monetary policy and regulating the country’s financial institutions. Hayes comments on the potential actions of the Federal Reserve in response to the risk of bank failures, indicating that they may turn to the “money printing machine” to address the situation.

The second keyword is “money printing machine.” Hayes uses this term as a metaphorical way of describing the potential action the Federal Reserve may take to address bank failures. The “money printing machine” is a reference to the process of creating new money to inject into the economy to stimulate growth or support failing institutions.

The third keyword is “rocket launcher.” Hayes uses this metaphor to emphasize the potential magnitude of the actions that the Federal Reserve may take. A rocket launcher is an explosive device used to launch projectiles great distances, meaning that the action the Federal Reserve takes could be a significant one that could have a substantial impact on the economy.

In conclusion, Hayes comments on the potential actions of the Federal Reserve in response to potential bank failures, suggesting that the use of the “money printing machine” may be on the horizon. He also emphasizes the significance of this action through the use of the metaphorical “rocket launcher,” suggesting that the outcome of the Federal Reserve’s actions could potentially have a significant impact on the economy.