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RE: Steem and Hive Were Never So Cheap

in Project HOPE4 years ago

Dear @deathcross

Finally I've found some time to catch up and read few previously bookmarked posts. Interesting choice of topic.

I've noticed that whenever price of Hive and steem is dropping - then we can get more of those tokens for each received SBD/HBD.
So perhaps current times are not best for those who want to dump their earned tokens, but it seem to be a great time for those who are growing their accounts.

Is This the Dollar’s Last Breath?

I seriously do not think so. US can print as much as they want and keep exporting their inflation. As long as demand for oil exist.
After all, pretty much every nation around the world need to use USD to do those transactions and pay for purchased oil. Which allows USD to stay firm as a reserve currency.

Current mass printing will cause problems, however I think we need to be afraid of another recession. Not current one. This time around FED and other central banks will flood financial markets, perhaps creating inflation and lowering value of USD. But we're still far from collapse of USD. After all - there is no other currency which could become new world reserve currency.

Not to mention that US had entire generation to build world economy based on USD debt. This debt alone (approx 12 trillion) will ensure existance of solid demand for upcoming years to come.
That's just my view on this topic.

Have a great day buddy,
Piotr

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Is This the Dollar’s Last Breath?

I don't think it either. But serious inflation may be on the way, in a couple of years. Like in the 70s and 80s, two-digit ones. This is a common way to deal with hight debt.

Commodities (not only metals), some cryptocurrencies, but also stocks and real estate can benefit.

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