Bitcoin – The Only Solution for the Coming Global Recession?
The writing is on the wall and everyone SHOULD hodl Bitcoin for their own and their family’s future. Stack those sats, people!
Bitcoin Could Be the Only Solution for the Coming Global Recession
Global debt has reached epidemic proportions. Currently, governments around the world owe a staggering $244 trillion—the highest level ever. [CNBC] Not since WWI has debt come near this current level.
The debt has exploded largely due to central banks trying to stave off recession with monetary policy. Lowering interest rates to increase liquidity, and policies such as quantitative easing, have shifted debts into government ledgers. And the worst is yet to come, should a recession kick off in 2020.
Further, the world economy has begun the process of ‘deglobalization.’ Take, for example, Britain’s departure from the European Union, and trade wars between the US and China. Both reveal an underlying disconnection growing between world economies.
Whatever one may think of globalization, it has led to the previously soaring economy. Even with the complexities of the coronavirus, the global economy has been able to maintain trade and activity. A political reversal of this stability could spell disaster.