RATE Group | Low Interest Rates Are Crushing Young People and Fueling Global Riots
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Low Interest Rates Are Crushing Young People and Fueling Global Riots

Low Interest Rates Are Crushing Young People and Fueling Global Riots

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Low Interest Rates Are Crushing Young People and Fueling Global Riots

There are currently riots going on in Chile, Hong Kong and Lebanon. While in every place they are caused by complex local issues, there is a global problem that is an underlying trend: low interest rates which make it impossible for young people to save for their future and at the same time push housing prices to become unattainable. And people with no future are easy to take to the streets. Cryptocurrency offers an alternative in the form of taking away governments’ power to control people’s money.

Also Read: Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits

A Global Generational Revolution Is Brewing

At least 17 people have already died in Chile as a result of clashes between protesters and security forces that were sparked by a minor hike in public transportation prices. In Lebanon members of different religious and ethnic sects have joined forces to fight against a tax on Whatsapp calls. And the people of Hong Kong continue their…

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