Libra: Bringing a end to Petrodollar(USD)
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Hey Steem,
So I love this idea(not facebook i hate fb). Allowing facebook to mint USD stablecoin without a actually substancial stable asset backing? This will be the hyperinflationary trigger the world ecconomy has needed to bring about a change in the global economic system. With facebook now playing the part of a regulator and effectively becoming a "online" federeral reserve bank. If the USA is assumeing that the world economy is going to actually accecpt the abilty of facebook to print USD and still make every contry only transact in Zuckercoins to buy/sell or use oil. I predict a rather fast inflationary decent of the USD from its currently highly overvalued POS fiat joke.
Whats your thoughts on Libra and its interaction on the global economy?
Thanks
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STOP.The reason why the U.S. has been acting like a mad dog lately is because they are facing attack on the king dollar on multiple fronts, notably in the oil trades. Unfortunately, things will only get worse for the USD and there is nothing that Uncle Sam can do to stop this decline.
yeah sweet inevitablity of justice...USA has used military supperiority and media manipulation to spin it all out for soooo long