$ETH # The US economy is facing the risk of recession, and the US stock market has collapsed. We can smell the smell of the last bull market.

The deterioration of the US economy is more serious than expected, driving the deterioration of the global economy, and gold continues to hit new highs.

Looking back at the biggest inducement of the last bull market, it was not the loose quantitative policy, but the massive amount of funds brought by traders with a pessimistic attitude towards the economic outlook.

The relationship between Bitcoin and gold is not very large, but both are reverse indicators of economic expectations regardless of speed.

The 11 interest rate hikes did not bring down China, but instead led to a deeper recession for itself and a rate hike for its allies. I said that in proportion, the Fed's interest rate is at its highest level in history. The debt volume in the past is not the same as it is now. Of course, the licking dog feels that this is a very easy thing to solve, but if we convert it and take Apple as an example, the annual net profit is not enough to pay one month's interest, but it is more and more. In fact, debt is nothing for the United States. It is nothing more than a credit burden, but a continuously expanding fiscal deficit. This is the reason why central banks of various countries have continuously supported gold in the past, and the fiscal deficit is an important manifestation of the credit risk of US debt.

The United States is still strong, but it has an imbalanced income and expenditure. To use the words of a foreign friend, the pirates are about to be overturned by the waves. Of course, Trump said today that "write a crypto check or give a little Bitcoin to solve the US debt" $BTC $ETH #美国政府转移BTC #美国7月非农就业增长放缓 #美联储何时降息？