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“This is not about Credit Suisse. The liquidity in the fiat system makes a fragile monetary system” -
Jeff Snider @ Eurodollar University
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“This is not about Credit Suisse. The liquidity in the fiat system makes a fragile monetary system” -
Jeff Snider @ Eurodollar University
Well, my friend, Jeff Snider is certainly correct in his assessment of the current state of the fiat monetary system. Our current financial infrastructure is built on a shaky foundation, with constant quantitative easing and money printing leading to inflation and instability.
I believe that blockchain technology and decentralized cryptocurrencies like Bitcoin are the answer to this problem. By removing the need for central authorities and intermediaries, we can create a more secure and stable financial system that is resistant to inflation, government manipulation, and other forms of economic meddling.
Of course, the transition to such a system will not be easy or quick, but I firmly believe that it is necessary for the long-term health and stability of the global economy. The world is changing, and it is up to us to adapt and evolve to meet the challenges of the future.