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    7 Kommentare

    1. coinfeeds-bot on

      tldr; Seven major economies, dubbed the ‚D-7‘ (Canada, France, Italy, Japan, Spain, the UK, and the US), are carrying debts exceeding their annual GDP amid high interest rates, creating risks of currency devaluations. These countries borrowed heavily during the financial crisis and COVID-19, and rising interest rates are straining their ability to refinance debts. Currency devaluations could be triggered by governments or investors, potentially leading to global financial instability reminiscent of past crises in Asia and Russia.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. MichaelAischmann on

      While I agree that there is a debt crisis in the mentioned countries, „amid rising interest rates“ simply isn’t true right now. One of the seven (UK) just cut interest rates today. ECB has cut interest rates in the past & will likely keep them stable in the near future. US will likely cut rates in September.

    3. All the criticisms of the fiat system are true. So logically every currency should fail. The problem is that the current society is a meme society. Illogical to the core. Meme culture, meme stock market, .. meme life,… meme reality.

      Don’t expect logical outcome in an illogical environment.

    4. utilizatoru on

      no one area to blame here: when wealthy economies overload on debt, the danger isn’t a knock- it’s the whole wall coming down

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