US Federal Reserve moves towards increase interest rates, and what this could mean for EOS and other cryptocurrencies. To those in my audience who are unaware, the United States Federal Reserve chairman (Jerome Powell) provided updated guidance on what the Federal Reserve intends to do about the current state of the U.S. market on Wednesday, June 16th, 2021. The Fed confirmed that it will almost certainly raise interest rates, most likely to try to stay ahead of potential future out-of-control market inflation. In this video, I will be going over a recent article that I read called "The Fed moves up its timeline for rate hikes as inflation rises" and giving you my opinion on what I believe that means for EOS and other cryptocurrencies. Link for this article will be in the description below, OK now let's get started.
The FED think if they keep throwing money at these economic problems they will solve them. What they don't realise is they are just delaying and ineverablity intensifying a future economic collapse......A world wide depression is on the cards in my opinion.
The FED is realizing that they went too far. The helicopter money was dropped without thought, this much is true, but the Bond Buying Program is the bigger problem. That program means that the large corporations have a permanent get-out-of-jail-free card. All the risky decisions they have made in the past to put the world economy in the position in it is now has absolutely no repercussions. We are all waiting for a market crash but it won't come until the FED leaves the S&P 500 alone to its own devices. The worst part is that the Stock Market correction needs to happen so we can get a firmer grasp on the crypto markets as a whole. Don't be fooled because it is all connected. Thankfully those reading this are smart enough to know that Crypto is the asset class you want to be heavy on in this moment.
Once all the people realice that the government doesn’t give a fuck about them, and how they want the poor to stay poor and the rich to state rich they will start taking crypto way more seriously. Is like El Salvador or Venezuela, both countries got tired of the average FIAT money, and now they have developed a big community around crypto to be independent from an institution that can decide their future without them even knowing.
I don't know about all the other countries but My country banking system just wants make Profit margins from people's Income more and more and they find every opportunity to take that short margins (If it's total it will be huge) from the citizen and In Crypto you can't do that easily and you don't really need a middle authority like banks in a Crypto transaction which is the main issue most of the banks and the government in my Countries Denies Fully Legalizing Crytpo as Government don't want to lose their Power on people's they don't want people to be free but just want them to stay where they are right now
I can assure that Crytpo is Future
By 2025 90% of the adult population will know about crypto cause Crytpo Exchanges are giving their best to promote cypto
In yesterday's Cricket match One of The Sponsor was Coindcx (The leading Crypto Exchange in India) promoting Bitcoin
To Change something we have to fight and to Change this old banking system where bank get opportunity to margin their profit from people's income will be changed for sure
You would hope that governments would learn from their mistakes and those of other countries, but history shows that unfortunately more often than not they continue to try the same things over again and getting the same results. Real change usually does come from the ground up.
Firstly thanks for the article. İ think world changing so fast. And we try to focus on "fast" part. Not a "changing" part. We cant catch the changing. But i believe we can with blockchain. İ cant trust fed or something else. İ can trust just blockchain and firstly eos. İ hope one day we happy with cryptos.
After all, good luck having an independent central bank that you trust is in control.
How successful it will be is debatable. You do your job well or badly and you suffer the consequences.
As for my country, a central bank that has completely lost its independence is as scary as you can imagine.
and God help us when the economic storm we've been waiting for hits our shores.
thank you for the great article..
hold EOS
FIAT money days are counted. The future is definitely crypto, be prepared, fill your bags and HODL.
The FED think if they keep throwing money at these economic problems they will solve them. What they don't realise is they are just delaying and ineverablity intensifying a future economic collapse......A world wide depression is on the cards in my opinion.
Keep safe everyone!
The FED is realizing that they went too far. The helicopter money was dropped without thought, this much is true, but the Bond Buying Program is the bigger problem. That program means that the large corporations have a permanent get-out-of-jail-free card. All the risky decisions they have made in the past to put the world economy in the position in it is now has absolutely no repercussions. We are all waiting for a market crash but it won't come until the FED leaves the S&P 500 alone to its own devices. The worst part is that the Stock Market correction needs to happen so we can get a firmer grasp on the crypto markets as a whole. Don't be fooled because it is all connected. Thankfully those reading this are smart enough to know that Crypto is the asset class you want to be heavy on in this moment.
Once all the people realice that the government doesn’t give a fuck about them, and how they want the poor to stay poor and the rich to state rich they will start taking crypto way more seriously. Is like El Salvador or Venezuela, both countries got tired of the average FIAT money, and now they have developed a big community around crypto to be independent from an institution that can decide their future without them even knowing.
Print money and increase interest rates, sounds like more inflation is around the corner!
great article
I don't know about all the other countries but My country banking system just wants make Profit margins from people's Income more and more and they find every opportunity to take that short margins (If it's total it will be huge) from the citizen and In Crypto you can't do that easily and you don't really need a middle authority like banks in a Crypto transaction which is the main issue most of the banks and the government in my Countries Denies Fully Legalizing Crytpo as Government don't want to lose their Power on people's they don't want people to be free but just want them to stay where they are right now
I can assure that Crytpo is Future
By 2025 90% of the adult population will know about crypto cause Crytpo Exchanges are giving their best to promote cypto
In yesterday's Cricket match One of The Sponsor was Coindcx (The leading Crypto Exchange in India) promoting Bitcoin
To Change something we have to fight and to Change this old banking system where bank get opportunity to margin their profit from people's income will be changed for sure
We need to Crypto To change this :D
Sorry If you don't liked my view
If i wrote something wrong Please correct me :)
You would hope that governments would learn from their mistakes and those of other countries, but history shows that unfortunately more often than not they continue to try the same things over again and getting the same results. Real change usually does come from the ground up.
Financial revolution is here!
Firstly thanks for the article. İ think world changing so fast. And we try to focus on "fast" part. Not a "changing" part. We cant catch the changing. But i believe we can with blockchain. İ cant trust fed or something else. İ can trust just blockchain and firstly eos. İ hope one day we happy with cryptos.
Here comes the backlash from printing all that money. The next years might get real tough for some parts of the world.
Thanks for the update, cash will be beaten against cryptocurrencies in the coming years