But don't forget that all currencies roll into the reserve, when the system collapses. So, the dollar-ruled fiat system collapsing starts with the dollar going up, in relation to the other fiats, even while it goes down in relation to other assets.
That's why we should expect to see a massive flood of money and investment into the USA, which will give them consumer price pressure ($40 for a loaf of 🍞?), but crash the price of imports.
yeah, and those reserve units will pile on to bitcoin
it won't be obvious or immediate as it happens but i've pretty much got it on my list to sell of part of my stack around that point because i know it's gonna be 250 shortly thereafter and there's a lot i can do with that because i know it's a blow-off
also, this AI bubble, it seems to be really signalling the top of the market in general, the intense reaction to #deepsnek tells you they are starting to feel it in their gut they are beyond the rational valuation and that in the near future there has to be a correction
Any further correction would require the dollar to rise in value, so that owning dollars is more attractive than investing in stocks.
Trump won't let that happen because it would make imported goods cheaper and destroy the American manufacturing base, again.
but what does cheap dollars mean for everyone else who is holding them abroad for payment reasons?
time to buy gold, silver, bitcoin, bullets, and oil
People still prefer dollars over Bitcoin, in commerce. The price rising doesn't seem to affect that.
We would probably need hyperinflation, to get people to drop the dollar, and it's actually difficult to hyperinflate a debt-based currency because a flailing economy causes debt to be retired/written-off/paid-down. Every wealthy country is currently fighting disinflation, not inflation.
hyperinflation will inevitably happen
0 out of 0 historical fiat currencies have not failed... the incredible machinations and convolutions and lies and bullshit and murder that happened to keep the post Bretton Woods USD alive this last 50 years, i think everyone will be relieved when it finally is over and people realise that the problem of not having this cycle of boom and bust happen over and over again every 1-2 generations can actually be over, thanks to the magic of game theory and cryptography
not really magic, but you know what i mean.
i think the important thing is that we are now in a situation where when the dollar fails, there is an angel of vengance waiting to bill the murderous motherfuckers who ran those inflation rackets and reward those who were faithful and saved and did what they could to end this centuries old regime of usury
