DOLLAR CRASH: Debt Ceiling Decision Will Not End Well!
In this video, I talk with author and economic analyst John Sneisen about the upcoming debt ceiling decision happening on September 29th and how it will not only lead to a "government shutdown" but will likely lead the way towards the epic fiat dollar crash.
The probability of a bad outcome following the debt ceiling decision is vast.
Recently, Janet Yellen and Mario Draghi among others met in Jackson Hole Wyoming to map out policy and decide what to do next. It's likely the debt ceiling decision was high on the radar and with that said, it looks like there may be an imminent risk to Yellen that she will be removed from the Fed and likely replaced by someone else equally horrible.
Some people in Jackson Hole proposed another fiscal stimulus! This just means going into more debt, government infrastructure manipulation as the government builds and builds in an attempt to fool the markets.
The problem is, the more debt you force at something, the less output.
This is all happening as the US dollar is swapped for other currencies and assets throughout the world as it loses its recognition as being the world reserve currency.
Countries like Iran are looking to gold to replace the USD while we see Pound-Yuan swaps, the China UAE swap, Swiss Yuan swap, Yen Yuan swap. All this as the IMF eyes moving to Beijing in the near future and China continues to act as the testing ground for the cashless society while the IMF works towards incorporating centally planned cashless into the SDR.
All fiat currencies eventually revert to their natural value of zero. They always have and always will. The US dollar is no different.
The funny part about the potential government shutdown is that the government itself doesn't actually shut down, the government spends more money hiring people than they would anyways shutting down parks and monuments, stopping veterans from seeing memorials in order to simply annoy people and make them run back to the state to ask them to solve the problems they're creating.
See the FULL video report here:
We will continue to report on this insanity as usual. Stay tuned! Don't forget to Upvote, Follow & Resteem! :)
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Too many years have lasted in my opinion, trillions and trillions of debt, how is that sustainable? It's really funny when they criticize cryptocurrency for having "nothing backing them up" What about fiat?
actually cryptos are backed up by technology and the free market, also people who had enough of the manipulation of fiat
Exactly, those people are pure ignorance. Education on Blockchain is necessary!
I used to believe it's backed by nothing, but i was curious enough to do some research and found that cryptos have amazing technology and will be the future. But not all cryptos are good though, just like not all businesses are good. Some ICOs are scams too, so these things will be used to criticize
lol I know, it's ridiculous. Fiat has only lasted due to vast manipulation and debt. There are no fundamentals.
Exactly, printing machine, very solid from a fundamental point of view xD any how I believe that madness is over, it's cryptocurrency time ^^
I think we can benefit from a good government shut down. All government does is scratch their asses and spend money they don't have. I think we can survive an undisclosed amount of time without having worthless bureaucrats scratching their asses and spending money they don't have.
Agreed, however the government manages to spend more money on a government shutdown than they would otherwise. Leave it to government to spend more money shutting themselves down.
Not to mention, extortion (taxation) is still in full effect.
Feed the government!
Or was I looking for a different f word?
https://dtube.video/#!/v/ragetester/6xicf9st
Truth revealed on old tv show, people still ignorant...
Hypothetically, if FIAT fails completely, how would crypto penetrate and replace FIAT when almost 99% of world population is NOT even on crypto space. I think there will be measures by Governments worldwide to CURB and RESTRICT usage of cryptos by mainstream and crypto's will continue under the radar used by less than 1% of population??
I want to get your thoughts on this!
steem should be the next and only currency of the world... xD xD xD
upvoted...!!!
Hyper inflation will happen before a crash. The markets will melt up towards the stars before it crashes. I am going to call it the bottle rocket market. Goes up quick and falls even faster.
Crazy how they can making shits... Governments created this situation of dept to profite to internationnal banks.. Also as fear is a good way to manipulate people, it helps them making people obeying, making them scary about crisis "Shut up and work, we will find a solution for you, to the problem we created". More dept, more the people have to pay on their earning for the part of taxes the governments give to the banks. And like they made a system that country can't manage their own money without those banks... There is no way to avoid it.
In france, in 1973, President passed a contract with banks that the country (which before created and managed his own money) can't loan the money to his own country's central bank, but have to take it to a private bank with interest, but the bank, it, take to the country without interesting... How people the time this law was made hadn't protest... For the interesting (in french, so if you read it or have a good translator : Law 1973 about State debt . Thanks for your sharing @joshsigurdson
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@permatek - My last post : Around the World : Lautaret (Changing of subject... But for me better have a look to the moutains ;) )
upvoted and followed you if you like salaheldeen0 please follow me...
will not end well...
Yes but how does it help those who are adopting to Cryptos in general? That's what I want to know!
I am so thankful for crypto. I have watched the decline of the dollar my entire life feeling helpless and trapped with only gold and silver as a possible safety net. Finally an option with amazing growth potential and portability. 🌎
Govt shutting down is a positive for crypto!