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...so hundreds of thousands of banks globally, and yet all dance to the tune of the fed. either directly or indirectly via the local cb. very decentralized.
by inter_netuser 5y ago
...so hundreds of thousands of banks globally, and yet all dance to the tune of the fed. either directly or indirectly via the local cb.
very decentralized.
- cuteboy19 5y agoAs opposed to the crypocurrency world which essentially runs on USDT and USDC which are printed as if there is no tomorrow
- lkrubner 5y agoAre you suggesting that every nation on Earth follows the same business cycle? That is not even remotely correct. East Asia followed a counter-Western-cyclical cycle for most of the last 60 years. Even if you narrow the conversation to just the West, it is extremely rare to have all 7 of the G7 in recession at the same time (other than 2009, I don't think it ever happened).