The situation between Ukraine and Russia is evolving into something much bigger. This is why war can be so uncertain.
In this video I discuss how we are going to see confidence is going to decline. Our financial and, by extension, our economic system is based upon trust. This means we can increase the likelihood that we are going to have strong economic pullbacks throughout the later half of 2022. This is opening up the door for cryptocurrency although a collapse of the economy is painful. Recessions (or worse Depressions) are always painful.
▶️ 3Speak
I wonder if the West calculated where the cumulus of sanctions will lead as they cheer for every new one. Not that Russia wasn't the first to start this insanity and to keep fueling it. But how will this end? There are lots of hot heads these days in the front line of the world's leadership, - on both sides - and the situation worsens by the day as they push forward.
Yes, The West is going crazy and crossing every red line with sanctions (official and unofficial) and outright theft against Russian citizens that go well beyond what has been done by civilised nations in actual wartime. Certainly far worse than the Cold War.
The West does not seem to understand that there is not a clear line between sanctions and Acts of War. NATO and US allies have clearly declared war on Russia. How will the world's largest nuclear power respond to such provocations and escalation?
The West is also destroying trust in the entire financial system. If it can happen overnight to Russian citizens who don't even support Putin then it can happen to anyone.
Certainly an opportunity for crypto.
I think it will have a everlasting effect on the entire world. The energy production, wheat and fertilizer are all affected right now. So the global economy is on the brink of collapse. I am still wondering if they will use other countries as a middle man or resort to crypto.
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Trust a banker?
Everyday over a politicians. Bankers are straight forward and easy to predict: they are simply driven by greed. To them it is all about the money.
That is something that we can deal with. Politicians are a different form of corruption.
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Neither Banksters, politicians or the news media deserve trust. Always verify.
Such an informative post.
Your analysis and projections is most likely to happen.
However, as you have said, let's hope that you are wrong.
Crypto is a way forward I believe it going to change many things about the economy situation
Could crypto be affected by economic recession? Just curious!
I believe crypto will be accepted to solve so many financial issue happening around the world which will definitely be accepted by all
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BEER.Summary:
In this episode, the speaker discusses the current geopolitical and economic situation, focusing on the impact on the global financial system. He emphasizes the growing mistrust in centralized entities like central banks due to recent political actions affecting them. The speaker predicts a potential collapse of the global economy and points towards cryptocurrency as a possible solution to fill the void left by the traditional financial system. He highlights the importance of trust in capital flow and warns of the impending challenges and uncertainties that may arise. The episode ends with a sense of cautious optimism about the role of cryptocurrency in a changing financial landscape.
Detailed Article:
The episode delves into the vulnerability of the global financial system due to recent politicization, particularly highlighting actions targeting Russia and its central bank assets. The speaker expresses concern over the potential consequences of the West's approach towards Russia, indicating that the traditional financial system's trust and stability are at significant risk. He suggests that the ongoing political tensions could lead to a breakdown of trust within the global economy, potentially resulting in a financial crisis.
The speaker underlines the significance of trust in capital flow, outlining how recent geopolitical actions could shake this trust, impacting the flow of capital and investments globally. He discusses the potential fallout of such actions, predicting dire economic consequences and possibly leading to a global economic depression.
Furthermore, the episode explores the role of cryptocurrency in this turbulent economic landscape. The speaker acknowledges that while cryptocurrency presents an opportunity to reshape the financial paradigm and provide alternatives to traditional systems, challenges remain. He points out that the infrastructure for widespread cryptocurrency adoption is still evolving and needs further development to offer a viable alternative to the existing financial system.
Moreover, the speaker discusses the potential impact of the crisis on different asset classes, including cryptocurrency, gold, and cash. He suggests that amidst economic uncertainties, traditional safe havens like cash may still prevail in the short term, but acknowledges the potential for cryptocurrency, especially Bitcoin, to play a more significant role in the future economic landscape.
In conclusion, the episode paints a picture of impending economic turmoil and calls for preparedness and caution. The speaker reflects on the evolving financial and geopolitical situation, emphasizing the critical need for trust, stability, and objective decision-making in navigating the complex economic challenges ahead. While expressing concerns about the current state of affairs, he also remains cautiously optimistic about the potential role of cryptocurrency in offering a more resilient financial alternative.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.