Great Depression on Steroids Warning, Shibarium Beta Launch, FTX US Drama

• Jeff Booth has warned of a “great depression on steroids” if the U.S. Federal Reserve keeps hiking interest rates.
• Buzz around the anticipated layer two (L2) scaling solution known as Shibarium has been the backdrop for dynamic price movements in shiba inu.
• Former FTX US president Brett Harrison has explained why he left the company and his relationship with co-founder Sam Bankman-Fried (SBF).

This week saw warnings from author Jeff Booth about a “great depression on steroids” if the U.S. Federal Reserve continues to raise interest rates. At the same time, buzz about the anticipated layer two (L2) scaling solution known as Shibarium has been the backdrop for dynamic price movements in shiba inu. Former FTX US president Brett Harrison also shared his experience and relationship with CEO Sam Bankman-Fried (SBF) in a detailed Twitter thread.

Jeff Booth, the author of “The Price of Tomorrow”, highlighted the potential danger of debt deflation should the Federal Reserve continue to hike interest rates. He suggested that the Fed “will be forced to pivot”, and that this could lead to a “great depression on steroids”. Booth argued that the current economic system is not sustainable, and that the central bank’s actions will only exacerbate the problem.

At the same time, the SHIB token has seen a rise against the U.S. dollar due to anticipation around the Shibarium Beta launch. This scaling solution aims to increase the throughput of the Ethereum network, and provide an effective solution to the scalability issue. The SHIB token has seen an increase in price as traders prepare for the launch of the L2 scaling solution.

Former FTX US president Brett Harrison also shared his experience and relationship with SBF in a detailed Twitter thread. He explained that his relationship with Bankman-Fried had reached “a point of total deterioration” after months of disputes over management practices at FTX. Harrison’s thread provided an insight into the inner workings of the firm and the current state of the relationship between the two executives.

In summary, this week saw warnings from Jeff Booth about the potential danger of debt deflation due to the Federal Reserve’s actions, as well as increased anticipation around the Shibarium Beta launch, and a detailed insight into the relationship between former FTX US president Brett Harrison and CEO Sam Bankman-Fried.