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Very good insight. I agree 100%. My hypothesis is that the massive injection of new cash into the stock market during the pandemic response is a foundational pl
by rorykoehler 6y ago
Very good insight. I agree 100%. My hypothesis is that the massive injection of new cash into the stock market during the pandemic response is a foundational play for the end of the US dollar. I'm not sure of the steps between the cash injection and the adoption of cryptocurrency/ies as the de facto currency/ies but I am certain that this is a calculated attempt to debase the US dollar in order to disarm the unprepared and grab power through the creation a right-libertarian techno dystopia. This is exactly the type of play Steve Bannon would make.
FWIW I hold no crypto so I'm not coming at this from the crypto-bro skin in the game angle.
- save_ferris 6y ago> but I am certain that this is a calculated attempt to debase the US dollar in order to disarm the unprepared and grab power through the creation a right-libertarian techno dystopia What makes you think this is more plausible than the Fed printing money to keep millions of people from starving/getting evicted and businesses to stay afloat amid one of the worst financial crises in history?
- rorykoehler 6y agoBecause 1) of who got the money and 2) how it was spent. If they were serious about what you describe they'd provide a basic income directly to the people.
- nostrademons 6y agoThat's kinda what they did - they gave $600/week to every unemployed American, on top of what the state was giving them. Problem was, a lot of it just went into the stock market, and from there into the pockets of wealthy stockholders.