I have a forecast for Central Banks.. they are gonna fail, miserably, one after another. You have just to watch history.

The FED will be probably on of the last to go down, after it will not have any more foreign economy or currency to suck value off, and import inflation to.

If you forecast a scenario where Central Banks do not go bankrupt, then you are forecasting your economic failure, unless you work for them, or you directly benefit from their exploitation.

nostr:nevent1qqsxyvphc7syyaw4czc0ly97x53qnlhmpheksp57vh78rwuhtvva9nqpp4mhxue69uhkummn9ekx7mqzyz6yrfvacvce87gafutfyy63dytecnh2977rejgghjh5vgzj3wmrsqcyqqqqqqg3ej0qd

Reply to this note

Please Login to reply.

Discussion

A central bank will just print more money

And that's exactly how it will fail, gradually then suddenly.

The interesting point is.

We don't know what will happen.

In theory #Bitcoin might have a black hole effect and just eats up all Fiat currencies in the world if FOMO @ the normies gets too big.

I do believe this is a very possible outcome. People will tend to go for commodities and or "commodity money" or whatever could preserve and save their labour over time. And this will be influenced also on how easy will be to access to these alternatives. The easier will be in the future to get some satoshi in exchange for fiat money the faster #bitcoin will have that black hole effect. Until that moment IMO dollar will still be the first choice in countries with an even hyperinflated and bankrupt currency, until the dollar milk shake effect will end.