Wake up and...smell the ashes?
Today the indexes open in a bloodbath with prior pre-market indicators sounding alarms in the wake of the FED cutting interest rates to 0% & laying out an aggressive 700+ billion stimulus package.(nearly the same size as the recession stimulus package of 2009 at $830 billion) The economy has teetered on the brink for 10+ years & the conditions of a recession have been normalized, the last time America enacted such policies, the top banks in America had become insolvent, ready to fail.
With a failing ability to service the debt, world markets slide closer to a total debt implosion, bonds & treasuries seemingly set to drag the Western dollars down with them...
As U.S. Future, treasuries & Asian markets signal a possible disaster, there is no knowing what this week will bring. Bitcoin & its roster of Alt-coins sit on the sideline, seemingly unwilling to give up any further ground downwards whilst protected by design from an inflationary threat, Satoshi built Bitcoin for this scenario, this may be the most important test in history for the crypto sphere with Bitcoin poised to fulfill its intended utility.
The corona virus is not the issue, it is the catalyst of exposing the bubble we live in.
VIX - The volatility index +28%, Watch this number.
U.S. 10-Yr Treasury around 0.8%, seemingly ready to burst.
STOXX50E (Europe) at -9.84%
Futures across the board down, with trading having been halted after a -5% drop in the American markets.
U.K. FTSE 100 down -7.8%
S & P 500 hitting daily lows of -10%+
Dow hitting downs of -10% on the day.
TSX reaching lows below -10%
Their hand has been played & seemingly gone bust....when will the collapse stop?
What we do know for certain is that America is now in a recession, with a catastrophic implosion on the horizon for the globe.
What will Bitcoin do? Do we have the tools to again stop world banks from failing? Will the currency collapse? Will crypto
finally prove itself to the world?
Will Satoshi's prophecy come to light?
May god have mercy on man & machine for our sins.
