SENSITIVE CRYPTO MARKET

opopa (64)in Tron Fan Club • 2 years ago

Now we have got a situation where the world is about 400% GDP in debt while the United States is 100% of the world's GDP in debt and that is the most debt economy the world has ever seen. When you have an economy with huge debt, if you raise the interest rates on citizens, it hurt very fast and that is what we are seeing right now. We have got a world that is so sensitive to rising interest rates. It is very hard to control the economies and central banks do not have many interests rate.

Although we talk about raising interest rates, the interest rate is not even up to 6% and it is having a great effect on the economy because we are in a fragile economy. Right now, the global macroeconomic is in a fragile situation that could blow up at any time toppling the global financial system. The world is more indebted than in any period in history and with the current inflation out of control, raising interest rates is putting a great amount of boarding on the system. All these things that are happening are leading to a huge layoff in big tech companies and it is rapidly slowing growth and peak fear in the crypto market.

There is a great dynamic right now, which is a supply-driven shock, particularly in Europe, where they can get assess to the energy they wanted because of Russia. The energy cost in Europe has skyrocketed and the European Central Banks have already started giving handouts to people to try and save them in this difficult situation. On the other hand, the U.S dollar has gone and it is because you are not generating much income. Companies and banks all over the world started having to store up money to get the dollar to pay their debt.

Many countries are struggling to get the dollar and the first to blow up is Sri Lanka many other countries speaking to the IMF for their need. All these dollar demands have caused the value of the dollar to rise. The growth is imploding and inflation is about to go down, then the chances of the central banks coming in to try and suppose growth is high.

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