As you obviously like analogies... USA is digging so deep hole waiting for some other country to fall into, but it's getting so deep that they can't even get themselves up anymore...
It's common knowledge that the other country is either China or Mexico as those two are the two biggest supporters of US economy and also enemies of USA.
Yea, well the current monetary policies can't end well. Eventually there will be a day when the bill will come due and there will be a reckoning. I suspect bitcoin may have sped up that day.
It has been long due... Whole change started more than half a century ago, but really started going strong in late 1990s through late 2001, and again about 2 years ago when a lot of countries started phasing out cash money.
Basically first step was when value of currency was untied from gold reserve and second one was monetary reform in EU and introduction of EUR. In USA, disconnecting ties with China was the biggest catalyst as China was the biggest financial supporter, like I've been saying in my previous comments. The final step is moving from tangible money (coins, paper bills) to virtual money that is basically just numbers stored in computers. Like I said, after that final step is finished, money is worth essentially nothing as it costs more in fees to keep the funds in bank accounts than bank is willing to pay interest on balance. Without cash, you can't withdraw the funds from bank to preserve the value. In some countries you can still exchange the funds to valuables like silver, but even value of them will eventually either crash close to nothing or go batshit like value of Bitcoin eventually will.
Yea, they will. They won't wreck their own economy on purpose. Just on accident.
As you obviously like analogies... USA is digging so deep hole waiting for some other country to fall into, but it's getting so deep that they can't even get themselves up anymore...
It's common knowledge that the other country is either China or Mexico as those two are the two biggest supporters of US economy and also enemies of USA.
Yea, well the current monetary policies can't end well. Eventually there will be a day when the bill will come due and there will be a reckoning. I suspect bitcoin may have sped up that day.
It has been long due... Whole change started more than half a century ago, but really started going strong in late 1990s through late 2001, and again about 2 years ago when a lot of countries started phasing out cash money.
Basically first step was when value of currency was untied from gold reserve and second one was monetary reform in EU and introduction of EUR. In USA, disconnecting ties with China was the biggest catalyst as China was the biggest financial supporter, like I've been saying in my previous comments. The final step is moving from tangible money (coins, paper bills) to virtual money that is basically just numbers stored in computers. Like I said, after that final step is finished, money is worth essentially nothing as it costs more in fees to keep the funds in bank accounts than bank is willing to pay interest on balance. Without cash, you can't withdraw the funds from bank to preserve the value. In some countries you can still exchange the funds to valuables like silver, but even value of them will eventually either crash close to nothing or go batshit like value of Bitcoin eventually will.