RE: Cryptocurrency: Fending Off The Dystopian Renaissance
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I have noticed that there is definitely a pessimistic bias in the crypto world. Many here are stacking their crypto as a hedge against the collapse of FIAT. I certainly think there are issues but I'm not as down on the future as many here seem to be. But none the less, I'm going to stack some crypto just to be safe.
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Fiat isnt going to collapse. Many in crypto still have the gold bug mindset.
Their understanding of international finance and economics is rather scattered.
There will be aspects of the system that do collapse but that will be navigated around. Instead this will be a consistent slow bleed, with more moving away from the powers that are now.
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I think some countries are going to have major issues with inflation, and the US may be one of them. You can't borrow as much as we do with out consequences.
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Hard to have inflation when the economy is collapsing and with wages being destroyed.
The US is the one country almost immune since it has money throughout the world. The last 4 decades show the money printing leads to inflation fallacy.
When the velocity of money fell off the cliff, it was game over in that regard.
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