RE: What If The Big Plan Fails? .:. WorkerBee PH-Pool Week 219
You are viewing a single comment's thread:
My first impression when I read the title was that the "big plan" failing would be about our plan for bull market year 2025 or something, lol.
Well, Trump is a gambler. But if he wants interests lower to pay out more debt, that may turn against him, since those rates started to go up instead of continuing on a downtrend after Trump taking office, despite his efforts to make them continue on the way down.
I agree with what you said, that if they don't strike some deals soon, this whole tariffs thing will turn against the US and the dollar in a significant way in the medium tern.
I am also familiar with the currency hegemony cycles Ray Dalio has been mentioning for a while now. And yes, USD domination time should be about over according to those cycles. What they can do is extend it by a little bit (that can even mean decades), but USD will drop from its current status sooner or later. It's unavoidable. I don't see BTC taking its place. That would be horrible, considering the wealthy already hold/will hold BTC hostage, and they didn't even forced themselves at all.
That's an interesting point of view regarding BTC... I mean, there is close to zero chance that BTC will be the next (official) global currency, but your view makes sense...
I said many times that I don't care if some crypto will become the "official" currency in any country, but I do care that we have them as an alternative... Even if "status quo" as it is now stays, I'm happy with it...
There is always something that filters out people who think and those who don't want to think... If you like USD, go there, I like BTC more... 😂 Freedom of choice!
I like BTC more too. It became more or less another asset class for the wealthy to play with, and unlikely to ever be a currency. We can tag along and see where this goes, but this is no longer a freedom coin, imo. Sure, in many aspects it's obviously better to have BTC than fiat.
The most important is that we have a choice... That's already a big plus!