The World Bank is warning that oil prices could be pushed into uncharted waters if the conflict in the middle east escalates.
The World Bank just said the quiet part out loud.
Inflation always starts with energy.
Last time oil crashed this much, UK gilts imploded on the mini-budget fiasco which sent sterling to a 37 year low and multiple UK financial institutions were on the verge of blowing up (the BOE restarted QE).
Who is blowing up today?
Saudi Arabia and Russia announced that they will continue voluntary oil cuts until the end of the year.
India's energy minister is warning of organized chaos if oil surpasses $100 per barrel.
India continues to buy Russian oil aggressively.
🚨Breaking: The US accrues an additional $275 BILLION in debt within a single month, elevating the total debt to a staggering $33.442 TRILLION.
Amidst the swelling debt, consider securing your assets with #Bitcoin as a hedge against potential economic shifts. #Satoshi $BTC
"Currently, the US holds the largest share of IMF quotas, about 17%. China, the world’s second-largest economy, has only 6%. Brazil has little more than 2%..."
Source: https://t.co/skUhqgGKFC
CoinDesk’s @amitoj interviews a senior executive at DBS, the Singapore-based bank moving into digital assets, in this week's issue of Crypto Long & Short.
https://t.co/OOPlFcutFC
NEW - 🇺🇸 US Presidential candidate Robert F. Kennedy Jr says #Bitcoin is a "freedom currency."
"Freedom of transaction is as important as freedom of speech." 👏
Gold has been around for thousands of years... it has survived the bursting of huge bubbles, monetary resets and unimaginable bank failures.
Central banks don’t hold it because of tradition... they hold it as a shield for everything that could go wrong.
Janet Yellen says parts of the financial system may have leverage...
She must be sleeping on corporate, household, margin debt... or how about the shadow banking system via stable coins?
Low-interest rates have artificially blown everything up for years.
Those of you who believe will be rewarded w/ vindication for your patience.
You’ll have a front row seat to the greatest bull run in crypto / web 3 history.
You’ll be the next generation of OGs.
But none of that happens without first being baptized in the blood of fallen bulls