Fiat Ponzi is crumbling quickly worldwide

[James Mpls]

Facts: - The USD (the brightest “bulb” in the vast array of fiat currencies) has lost a whopping 41.7% of its value against Gold in the past year. This is Gold’s best performance against Fiat in 1000’s of recorded years. USD has lost 50% of its value against Gold during the past 3 years. USD has lost a whopping 84% of its value against Gold in the past 5 years. USD is the STRONGEST of the many fiat currencies. Bank of America is “warning” people that they expect a true USD collapse. France apparently needs an “IMF Bailout” and many of these lost European Socialist nations are right behind them. In the UK, it’s like straight up 1984. The growth of M2 money supply is rocketing across the world at a pace never before seen (other than briefly during the recent pandemic). New USD M2 is at an ATH right now. China, Japan and Europe are all printing at FASTER rates than the US. No one wants to buy these BS bonds. Has the house you own really gotten 2-4X better in the past 5-15 years to match the appreciation in fiat terms? I urge everyone to own hard assets please. I will not even go into fiat currency’s performance versus Bitcoin during the past decade…However, it is currently very notable that there is currently 6 times more the institutional demand for Bitcoin that the supply. Institutions bought 700,000 Bitcoin during this year, while only 109,000 were mined. I used to be a hard metals guy when I first caught on to and understood the fiat ponzi about a decade ago. BTC is better than Gold, but I won’t start that conversation. I guess AI and UBI are the only solutions? Feel badly for everyone who is unaware of the insane fiat debasement and printing that is going on worldwide behind “closed doors”. I guess lead, water and food are the best assets when real social unrest actually hits. What does everyone think is going to happen with the fiat ponzi? QE to infinity, I am guessing…

 

[Bobby Bucks]

The numbers are clear, the US dollar is far from mighty, it’s merely the tallest midget of fiat currencies.

 

[ucbruin]

"...it’s merely the tallest midget..."


This applies to just about anything concerning America....

 

[Bobby Bucks]

"...it’s merely the tallest midget..."


This applies to just about anything concerning America....

If you put it that way, to put it bluntly, the USA is just a mediocre country and society and the rest of the world is chithole countries. I’m doing my small part as a libertarian to lift that mediocrity by stacking Bitcoin and defying the DemoPublican system.

 

[James Mpls]

If you put it that way, to put it bluntly, the USA is just a mediocre country and society and the rest of the world is chithole countries. I’m doing my small part as a libertarian to lift that mediocrity by stacking Bitcoin and defying the DemoPublican system.

Same here, my fellow Libertarian friend. Its all we can do. The uniparty tries to get everyone to take sides and blame each other to distract from their theivery.

 

[Bobby Bucks]

Same here, my fellow Libertarian friend. Its all we can do. The uniparty tries to get everyone to take sides and blame each other to distract from their theivery.

The generational wealth transfer will be fascinating to observe. All polling shows millennials and generation Z view crypto favorably which is positive for the product, even if it has no utility, To those of us who believe it does have utility, it will be fun to both observe and participate in. I'll not say when Lambo, I'll just say when new Volvo?

 

[James Mpls]

The generational wealth transfer will be fascinating to observe. All polling shows millennials and generation Z view crypto favorably which is positive for the product, even it has no utility, To those of us who believe it does have utility, it will be fun to both observe and participate. I'll not say when Lambo, I'll just say when new Volvo?

Yeah, certainly true. I think a few have utility…BTC (very scarce store of value), LINK (Oracle for RWA, CCIP), ETH and SOL (RWA and stablecoins), TAO (marketplace for intelligence), but not all that many really at this point.

 

[ucbruin]

I've heard crypto is a ponzi....

 

[Terrel L. Shields]

Sounds like I need to get my gold pan and sluice box out and start panning again.

 

[James Mpls]

I've heard crypto is a ponzi....

A lot of crypto and stocks are; fiat and SS certainly are. Bitcoin are metals are not.