I’m not an economist and I’ve only learnt about the economy through “The Bitcoin Standard”, “Broken Money” and some investment books. But look at it from a bankers point of view. For them the credit theory of money is all they know and they know for certain that the world needs credit to function. They understand that the credit is based on made up money but they know with an absolute certainty that the world needs the liquidity that credit give for any economy to function. Any threat to that system threatens their whole house of cards. They know this and will defend it with their dying breath because they know that they are defending the global economic system. Along comes Bitcoin. They understand absolutely scarcity but they know that it threatens their whole house of cards. Of course they’re going to fight it with every fibre of their being because they believe they are fighting for their children’s futures.
As bitcoiners I think we’re naive to believe that they’re losing. I think they’ve only just started to fight.
