The global economy is at a critical juncture. Stern challenges must be addressedwww.reuters.com/markets/bis-warns-world-economy-critical-juncture-inflation-fight-2023-06-25
100 sats \ 3 comments \ @nullama 27 Jun 2023 bitcoin
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0 sats \ 0 replies \ @nullama OP 27 Jun 2023
Looks like central banks are preparing the people to accept something they want to do, like CBDCs for example.
In any case, inflation continues to go up like crazy around the world, making your fiat worth less and less every day.
The job of central banks is to keep inflation at low levels, around 2% or so, but they have failed spectacularly. If they were working at any other job they would be fired long time ago.
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0 sats \ 0 replies \ @waddytaft 27 Jun 2023
1997 was also a global financial crisis the stock market plunge to some it's an opportunity to invest but have stay away from the market and wait tell the murky water subside. If it is to happened now invest more for there are a lot of bargain.
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0 sats \ 0 replies \ @south_korea_ln 27 Jun 2023
The world's central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation.
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