Crypto Blog
In a YouTube video titled “A Great Depression Worse Than 2008 – Survive & Thrive During The New Economic Reset,” Arthur Hayes laid out his grim vision of the future of the global economy.
The Great Depression was a severe economic crisis that began in the United States in 1929 and lasted through most of the 1930s. Causes included bank failures, the stock market crash, high unemployment, and collapsed international trade.advocates for active fiscal policy by the government butHayes also explained the challenges the US is facing, including rising healthcare costs and defense budgets.
Hayes also discussed the relationship between money printing, inflation, and resource nationalism and how these factors could contribute to rising prices. Banks are looking increasingly shaky, with deposits flowing out and lending standards tightening to recession levels.Interestingly, banks are now tightening lending standard significantly.As if on queue, crypto market volatility has returned, sending everything into the red again. Total capitalization has dumped 1.6% on the day, which equates to around $24 billion leaving the market.has failed to break $28,000, printing another lower high, and has fallen back to $27,597 at the time of writing.
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