Anthony Pompliano: Dispatch grows faster than the period of the Great Depression

Morgan Creek Digital co-founder Anthony Pompliano, also known as Pomp, spoke about the currentthe economic situation and its future development.

B 1929, when the Great Depression began,the level of unemployment was 3, 1%, which is a record low, but the current incapacitation from 3, 1% to more than 8.5%, and then in the course of the next 15%, the next 15% - In the end, we will accelerate more in terms of safety than even in the period of the Great Depression.

According to Tradingeconomics, in April 2020, unemployment in the United States amounted to 14.7% compared to 3.6%, registered in January.

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Kapantin due to COVID-19, which began in March 2020year, led to the closure of the enterprises, and not temporarily, but finally. To mitigate this process, the US government has directed the money for both companies and residents of the country, just as or otherwise due to a reduction in the savings

They inflated the prices of assets by pumpingliquidity on the market, says Pompliano. - Despite the fact that the stock market has grown significantly after the fall, the economy is in a state of struggle, as evidenced by the data on the wake-up rate of 11.1%.

Not isolated from normal life,digital assets feel on themselves the negative influence of all the processes occurring in the economy. Of course, the number of people who put money into the cryptocurrency has decreased - many receive a cut salary, some of them have lost the source.

However, the crypto markets show poor results, especially if you take into account the lack of direct support from the government.

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