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What Happens If There Is A Financial Storm?

You can only avoid reality for so long.

By EstalontechPublished 2 years ago Updated 2 years ago 6 min read
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Many people throughout the world have had to increase their debt-to-income ratios, but Americans may not have had to.

Joe is happy to pay people to remain home and encourage the “ Great Job Improvement ”phenomenon,this is actually an outcry as the Dem are renaming it to supersede the massive resignation phenomenon that was derived as record numbers of people are leaving their jobs after the COVID-19 pandemic. The COVID-19 pandemic had a major impact on the job market and has been named one of the reasons for the current recession in the United States.

It’s impossible to stay away from politics and conspiracy theories here. Finance and politics are intertwined. Currently, many in our country are utilizing 65–80% of their income to pay debt. Mortgages and auto loans are included, but not much else. What happens if you can’t afford food, insurance, petrol, and other necessities?

Debts overblown

Because of this, many are currently in debt. However, when the money runs out before the month’s end, many has moved to stay along the main streets in our big manhanttan cities like in Skid Row in Los angeles , and it is beginning to be an eyesore, as it seems there is no soution to assist many who has been forced into the streets by the declining economic situation .

It’s a snowball effect until harsh and stringent actions are taken to revive the economy , but yet ,the Fed are just focusing only to hike their Interest rate , and more so their intent to pressure down on stringent controls on Cryptocurrency investment . The crypto business is bringing huge investment to the United States, what advantage is there ,if they keep trying to restrict on such good deeds, as matter of time, if the U.S keep presenting itself as against Cryptocurrency , so many of these Large crypto whale and investors would be too happy to bring them to Russia and China .

Crypto enthusiasts are fighting the “debt impact” here! In the “Incentivized Economy,” people work harder rather than seek more credit and everybody are trying to make end meets and those without employment are settling with side hustle so that end of month ,they coluld at least settle a bill or two . In our current economic system, the ideals that drive Crypto wealth generation are not seen working , but Yet the United States is in the best position to turn it positive . Billions will be injected from worldwide into our economy , but yet these Uncertainties, which main’s cause was created from the Fed , will only only tempt the Crypto Fear and Greed index chart to “ Extreme Fear ” — since weeks from January 2022 into the 1st Week of Feburary

Billionaire’s Snob on Crypto

For the same reason, some of the older fashion Billionaires residing in America refuse to acknowledge cryptocurrencies as a real asset. They haven’t seen the dynamics anywhere else, so they feel it’s a scam ,deploring Bitcoin and Cryptocurrency in general, he is defending his old-school business model. Many people have abandoned regular employment to build a new economy as this is more beneficial to them and at least give them an opportunity to meet their monthly needs.

The outdated mindset keeps the masses slaves in a failing economy. This is not a cryptopreneur’s opinion. It’s what most Paycheck Citizen are feeling today , Very real and is devastating !!

Those that contribute to a successful economy will eventually be able to meet their basic needs. Regrettably, the stock market is frequently used to assess the status of the economy. There is no gauge of reality in the market, and there hasn’t been since before the covid19 pandemic , which further exacerbated it.

What happened? …is as if the Stock Mega Whalers has overtook the stock market and is doing their only Stock Pump and Dump strategies similar to crypto’s formality

Why were listed companies achieving fresh all-time highs while also going bankrupt? This is because the market no longer reflects the firm that it represents. Clearly, many companies did prosper because of their business efficiency ,productivity or innovative product suited to the new economy in some way to gain profitability , But …

How long can the gap between market and true valuation last?

Aside from that, I doubt many people have additional income to invest if they are taking on more debt to survive. Markets and real estate are largely wealthy domains. People all throughout the world are working shorter hours and earning less money, indicating that the economy is in trouble.

7 to 12 % Inflation

Despite the temporary relief, inflation will eventually rise. Workers all across the world are in a precarious position due to financial constraints and debt. A position perhaps shared by many in the Crypto realm. They make up for it by taking use of all the great Crypto options. Those who actively give of their time and effort see benefits that are much beyond their expectations.

Will Crypto Suffice

My efforts in certain coins have exceeded my expectations. This is simply meant to inspire further progress. Nobody can deny that those who get in first get the biggest bang for their dollars, as long the Greed Fear Chart do not prolong .Some people are facing the real economy disruption because they recognize and understand the possibilities. Conversely, some people will be forced to join this new economy, which operates differently than the current one. Partakers may be accused of exaggerating their success due to the early stage. Dilution is unavoidable in all models, which is why early entry is vital.

Bitcoin to the Rescue

The number of stories I’ve seen on various crypto-platforms ,many more lost jobs or were otherwise unable to leave their houses save for internet connectivity. As a result, many people began to see the potential of the Crypto market. My advise is Crypto means fast Money , but being side hustling for tasks to make money , skillset upgrading should be treated as first priority by the Government , they should provide grants to enforce upgrading in skill sets and set up agencies to help everybody upgrade and find alternative jobs ,as many old jobs has turned redundant .New jobs require new skill set . New Grants should be empower to boost skill training as a long term investment which the Government should consider as another priority

Will Crypto be our new Economy’ Catalyst

Adoption of a concept of decentralization and Web 3 as the new Crypto based Internet world . Firstly, as previously said, those who recognize the immense potential of Crypto are already restructuring , working and relearning the new skill and technology . Then there are those who, due to financial constraints, look for alternative sources of income like side hustle and gigs . This might happens in a big way once the opportunity is known,if the government can provide grants to employers and side hustle providers to reboost and create jobs for hiring and employment . The network effect can then fully kick in, adding value to the entire jobs market , especially areas that involved new emerging technologies like data science, machine learning , A.I , Iot , Crypto , Web 3 , solar, renewable energy ,clean energy and many many others

The crypto world is set to explode, and I believe it is only a matter of time! A global crisis is forcing civilization towards a Crypto-enabled existence. Those who act swiftly will surely win. I’ve recently become acutely conscious of the urgency I perceive in regards to Crypto.

But this amazing offer will not last long.

#Disclaimer Note : This publication is not intended for use as a source of any financial , money making ,investing , legal, medical or accounting advice. The information contained in this guide may be subject to laws in the United States and other jurisdictions. We suggest carefully reading the necessary terms of the services/products used before applying it to any activity which is, or may be, regulated. We do not assume any responsibility for what you choose to do with this information. This article is not meant for financial advice , Use with your own judgment.

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About the Creator

Estalontech

Estalontech is an Indie publisher with over 400 Book titles on Amazon KDP. Being a Publisher , it is normal for us to co author and brainstorm on interesting contents for this publication which we will like to share on this platform

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