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RE: The ECB says Bitcoin is not a currency, and that's ok!
Basically as long as the US government and military is the big kid on the block.
Basically as long as the US government and military is the big kid on the block.
Which itself might not be that much longer, China will be the next major world power, if you do not already consider them as such. The US might be able to "quantitatively ease" their way out of a massive economic depression for a while longer, MIGHT, but that is a temporary fix. The writing is on the wall, and I cannot imagine a way that the government or the US citizens mobilize in a meaningful enough way to save a total economic collapse in our lifetime. And worse yet, as the US economy goes, so goes the global market, the debts are too intertwined.
I really think we are in for something worse than we can imagine, and yet it appears to be maintain the status quo from most officials and politicians. Talk about burying your head in the sand.
Thanks for the post.