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BTC129: How the IMF and World Bank Sell Exploitation As Development w/ Alex Gladstein (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
The Impact of US Interest Rate Policy on Global Economic Collapse
The US government raised interest rates in the early 80s to combat inflation, focusing on domestic goals without considering global implications. This led to severe consequences globally such as debt defaults in the third world, wage deflation, and economic crisis. Similar effects are being seen currently due to recent Fed rate hikes, resulting in price inflation, currency devaluation, and economic collapse in many countries. The dollar dominance in global debt also worsens the situation for poorer nations, leading to total economic and political collapse. The accelerated rise in the cost of capital influenced by the Fed's decisions plays a major role in these crises. Unlike the past, today's electronic money offers a potential way out for countries impacted by such policies, allowing them to navigate through financial struggles caused by devaluation and capital costs.
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