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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