There is a massive delevering going on. The entire economy, stock market, bond market, credit market; it is all a total fraud. All of it. There is not one real market signal out there outside of #bitcoin . Either prices of everything plummet and takes less Bitcoin to buy things at a lower fiat valuation, or they juice the system and #bitcoin inflates 10x faster than everything else. There is no losing move. Hodl and soak in the circus that is Fiat Land.
Discussion
Do you think we get some kind of decentralized free banking in the future?
I think the banks will be ecash mints and loans will have close to a zero percent interest rate when fully on a bitcoin standard. This is 50 years down the line.
Care to your share your thoughts more in this?
For example, what data are you basing this upon? Why and how is it “all a fraud”?
How does one capitalize upon either scenario you forecast?
How, or perhaps what, does one spend in each scenario? Meaning if one goes 100% Bitcoin (which is what I presume you would advocate for) how does one buy things in fiat land?
PS
Thanks for engaging
The monetary system is a credit money system. It is printed out of thin air and that, in and of itself, makes the entire system a fraud. There is 9 times as much dollar denominated debt than actual dollars that exist because of fractional reserve lending and credit creation dollars, and it is literally impossible to repay all the debt that exists. So, as debt becomes due or too expensive for some holders, there is a race to get actual base money dollars to pay off or down the debt. This requires the sale of assets. As debt goes down, asset prices go down. I think my original post answers the rest.