We have many discussing the idea of low interest rates equates to cheap money. This is certainly true. However, this does not mean there is access to this money.
In this video, I discuss why people's belief of cheap money on the economy is misguided. They are not accounting for the fact that a large segment of the business community does not have access to the money.
▶️ 3Speak
the truth is that we say that cheap money is not very accessible to everyone. Now, once that money can be obtained, how do you think it will be used and if it has an interest rate?
Bank lending, at least in the United States, is flat. That means we are dealing with a shortage in the USD which is reflected in a lot of the metrics.
For this reason, I think we have to look to cryptocurrency to solve a lot of these issues. How it will be used? Hopefully to generate wealth by investing in projects and not just playing the games we saw over the last few years.
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The helicopter money was never really meant to solve the issue but to give the system more time to solve the issues. It's too bad people don't realize that and we can't expect it to always be there. Small businesses were crushed and I don't really think they will be coming back because I heard plenty of stories about people using up their savings and still shutting down.
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Small businesses are wiped out for the foreseeable future, at least how we knew them.
We could be seeing a difference though with the online world. After all, we are now each our own business in cryptocurrency.
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