The traditional markets have gotten themselves into trouble, as Weiss Ratings founder Martin D. Weiss explains in this week’s Weiss Crypto Sunday Special:
In order to save the traditional financial system during the great financial crisis of 2008 and the great recession that followed, and the big post-pandemic and pandemic crisis of 2020, they have had to effectively eviscerate the income of not just millions but billions of savers and investors around the world.
This was done by keeping interest rates at or as close to zero as possible. It’s not sustainable — certainly not with inflation rising. But, according to Martin, the powers that be don’t care. They’ll continue printing money, buying bonds and keeping interest rates low to keep the boat afloat now ... regardless of the damage it may cause down the line.
If the traditional markets are broken, it makes sense to step sideways into a new system, the decentralized finance (DeFi) system.
In this timely discussion, Chris and Martin touch on:
• The effect of politics on the Federal Reserve and, by extension, monetary policy.
• The response of the traditional market and regulators to DeFi.
• How DeFi can interact with elements of the traditional financial system.
• The current limits of DeFi ... and potential solutions.
And more!
You don’t want to miss this exciting interview, so I suggest you watch it now.
Best,
Beth Canova
Managing Editor
