RE: Cryptocurrencies: Do Not Think Billions, Think Trillions!!!!
I really love this post, your enthusiasm for crypto - I have the same enthusiasm if not more... I am not an economics person at all - I versed in finance.
One piece I really wanted to add to this post and hopefully it will stir up some thought or ideas by economics people - is the fact that the "FED", "The United States Federal Reserve" has absolutely no government affiliation. It is it's own entity.
It is a very powerful entity because it controls the "fiat" supply and collects tax money to pay off borrowed interest debts by the U.S. govt
My question to all is how will the FED and fiat play out with the transformation of crypto?? Will it help crypto since the FED is not govt affiliated?? Or will it instead hurt crypto?? Please respond if you have any insight into this patadogm. Much love for the post!
You are correct...something that most miss. The FED is NOT the US Government.
We are dealing with bankers so I would guess that the FED is going to be against cryptos. It is a threat to their monopoly. What do they do about all the debt when they cant sell their bonds since the reserve currency is not as popular?
The central banks had a monopoly on the currencies of the world for a long time. Now we are seeing an alternative and they dont like it. Ultimately, they are going to do what they can do to try and stop it but will fail. A decentralized world is on its way due to technology. Even if the major corporations and governments resist, the fact that computer equipment is cheap enough for average people to get it means that worldwide networks form from those who against the control mechanisms. And that is exactly what we are seeing.
Well Said!! The FED, Banks, and Government are all on high alert in the background. I do believe you are right tho that crypto is an entity or organism that just cannot be stopped since it is self propelled now by tech.
Rise up Crypto