The death of the dollar

[Allura]

Was doing some research on this claim that JP Morgan made, which was there will be another financial crisis in 2020. Obviously, the first thing that came into my mind was, I smell bullshit. Why would a financial institution say this publicly when if they knew this, they would keep it to themselves and gain more profit? They of course have some hidden agenda (and my conspiracy will come on later).

So I did some digging. JP Morgan did not say this directly, but I feel like they may have implied it (but not really). The US deficit is projected to double by 2020 and from there its just grows more and more. Debt on debt on debt is not sustainable. Hence the only way they will be able to get out of the debt is to print more money. The USA will NEVER go bankrupt as all their debt is in US dollars. So they can print the US dollar until the value of the US dollar is 0 and essentially they have "paid" off their debt. When they do this (which is inevitable), USA will no longer be the power house and since the US dollar is the "global" currency, it means the collapse of fiat.

This massive debt the US has created has resulted in so many bubbles. All this debt, where does it go? Back into the stock market, back into bonds, make into pensions. The bull run is over for the fiat world. Welcome the bear market and the possible collapse of the dollar. So all these investments are over sold and over valued which is funded by debt.

The new power house countries will either be Russia or China, so get ready to speak either Russian or Chinese. Both countries have heavily inflated their currency to buy precious metals. Precious metals are now the future.

When the inevitable occurs, Cryptocurrency will become the new way to buy/sell goods and services as it is not built on a debt world. As someone who always thought Cryptocurrency will never replace fiat, I am now having second thoughts.

I think, the reason why Bitcoin ETF's have been denied may have a deeper meaning. (This is my conspiracy theory). They denied it, as a means to have a some sort of way to keep trading. We can't keep a gold coin in our pockets 24/7 to buy a burger or buy a burger with another precious metal. That would be insane. Hence, what solves a debt society? Cryptocurrency. What solves inflation? Cryptocurrency. JP Morgan made this statement about the the financial crisis to be first in the new world, where Cryptocurrency is the new money. Making everyone aware of the next crisis is fueled by debt. Making investors aware, they is a better option, Cryptocurrency. While they haven't said it directly, it makes sense. JP Morgan is tapping into Cryptocurrency and what better way to get started, then to create a little drama and throw some gasoline at the fire.

If Bitcoin ETF's get denied, that means, this bullshit debt money doesn't flow into bitcoin (which means, bitcoin will remain to be stable). There still might be ways for debt driven society to purchase bitcoin, but having ETF's would just boost that purchasing. I expect all bitcoin ETF's to get denied. And yes, I know bitcoin isn't "stable" because the price keeps going up by 1,000 and down by 1,000 but thats because there are no regulations, so its all pump and dumps all the time. Bitcoin/cryptocurrency will be our fall back money, backed up my precious metals.

This may be an insane, rant, blog, post thing but I am starting to believe it is becoming a reality as I see my own country (Australia) collapsing economically. Australia will be the worst off country in this crisis as we have to deal with the US collapse and our own housing market bust.

[TechModz]

Whats sad is none of this sounds insane to me. This need to be pinned.
Australia barely even made it through 2008 i cant even imagine.

[Allura]

Whats sad is none of this sounds insane to me. This need to be pinned.
Australia barely even made it through 2008 i cant even imagine.

Australia did exceptionally well in 2008. We had almost no negative effect in 2008 (though it caused us more harm down the road). And down the road is right now

[TechModz]

Australia did exceptionally well in 2008. We had almost no negative effect in 2008 (though it caused us more harm down the road). And down the road is right now

My mistake that was Europe .

[porsches]

My mistake that was Europe .

Europe was bad
for sure Greece, Spain, Italy, Portugal.
Greece got 230billion to save there shit

[Altcoin]

nawh but you're talking about the US

trump will save us all

[terco]

I think that the only dying dollar is USDT
The dollar never gonna die while USA has the largest army

[Bitset]

There's a greater depression coming real soon; it will all start once people start getting laid off. People are maxed out in debt. Mortgages on mortgages, once enough people are out of a job it will all crumble. It's going to be fucked up.

[Allura]

I think that the only dying dollar is USDT
The dollar never gonna die while USA has the largest army

How does USA have the largest army? Because it has a very “good” currency. When USA starts to devalue their currency (by printing more dollars) because they cannot pay off their own debts, their army will suffer too.

[H41822]

How does USA have the largest army? Because it has a very “good” currency. When USA starts to devalue their currency (by printing more dollars) because they cannot pay off their own debts, their army will suffer too.

Trust me, the US knows best when its time to start a war or maybe the war.

[Allura]

Trust me, the US knows best when its time to start a war or maybe the war.

I hope they aren't dumb enough to start a war. We all know the next big war will end the world (nuclear war)

[H41822]

I hope they aren't dumb enough to start a war. We all know the next big war will end the world (nuclear war)

Either you start one or you become a extremely poor country, USA and poor doesn't match so there is only one way to survive this ('the death of the dollar') and this is by conquering other countries or maybe the whole world.

[Allura]

Either you start one or you become a extremely poor country, USA and poor doesn't match so there is only one way to survive this ('the death of the dollar') and this is by conquering other countries or maybe the whole world.

Actually there is another way. Killing off their own population (mostly the elderly).
War = end of the world.
Killing their own = they stay as world leaders and no conflict because they will do a good job at hiding it and covering it up.

They will lower their own spending on medical care and pension. they will be able to start paying off their debt.

[[MPGH]Dave84311]

Either you start one or you become a extremely poor country, USA and poor doesn't match so there is only one way to survive this ('the death of the dollar') and this is by conquering other countries or maybe the whole world.

Definitely, there's probably going to be a war or recession by 2020. Only real way to fix money problems other than paying it back.

[TechModz]

Trust me, the US knows best when its time to start a war or maybe the war.

The nuclear age is humanity final age

I hope they aren't dumb enough to start a war. We all know the next big war will end the world (nuclear war)

One can only hope