Global demand for dollars INCREASES during the end of a currency regime, because the whole system delevers and all these foreign countries need to pay off their debt. Remember most foreign countries have their debt denominated in dollars.
So they will sell treasuries and US equities in order to get dollars. And most of all their own currencies.
The dollar will scream higher on foreign exchange, while everything else falls. It is a strange world.
Basically, the Fed will have to eventually decide if they want to save the Eurodollar system and by extension, foreign countries from seeing their currencies collapse vs the dollar.
They will have to re-run Plaza Accords (G7 agreement from 1985) to devalue the dollar.
All roads lead to more money printing which = inflation.
Then.... The Fed Stopped Buying MBS 7 days ago. The purpose of MBS purchases was to repress mortgage rates and inflate home prices. That process has already started to reverse over a week ago. TA:DR **October **20th the last MBS trade will settle with The Fed. What happens between now and then? We shall see.
In a dollar endgame, the collapse begins at the periphery and moves to the core.
The first dominoes begin to fall...
Then the stock market is also showing signs of BIG trouble..... the VIX has officially hit 30 again. We’re officially in “large volatility resulting from increased uncertainty, risk, and investor fear”. Looks like it will be a RED OCTOBER in the markets.
At the same time... from the FTX president AMA: They want to "set up a regulated exchange in the US that is able to offer security tokens..."
Tokenized securities are coming. A new stock market with stocks as NFTs. This ends most fraud / loopholes being used in the current system and with virtually no need for gov oversite / regulation besides just the rules / regulations they want programed in. This takes a HUGE amount of power from corrupt institutions.
FTX is working with GameStop and LoopRing (LRC)
Rumor is OCTOBER launch on that.
All this seems to be coming together at the same time.... almost like there was a plan to blow up the old system and replace it with something better.
For those that don't understand NFTs or what tokenized securities / assets means check out this post I made a while back:
The revolution will be tokenized. (Why the MSM trashes NFTs so hard) Game Stop = Game Over!
If you can't hold it, you don't own it.
That may have been true a few decades ago, but that is precisely what blockchain technology aims to solve; the ownership of data.
You say that we can't own that which we can't hold, and yet mega corporations are daily selling our data for billions of dollars to the highest bidder. Clearly someone can own what can't be held, but as of the present you are correct in the fact that the person who is unable to do this is you.
A decentralized blockchain database can give the power of data sovereignty back to the people, where it belongs, and allow for the ownership of our most precious natural resource; our data.
Bingo!
And this website domain.... does someone own it? Yes. Can it be held? No. (But currently it can be confiscated under certain conditions. Web3 and blockchain will make that a thing of the past as well)
bad assertion is bad.
Edit: There's a difference between "holding" something and "possessing" something. For example, this website & URL... can someone "hold" it? No. Does it belong to someone? Yes Do you have information in your mind? Can you hold it? Do you have salvation through Christ? Can you hold it? Do you have skills? Can you hold them? Do you have a collage degree? Can you hold it? No, but you can have something that signifies and proves that you hold it, much like a car title that works even if someone else is in possession of it. The cops aren't gonna say "sorry boss he's holding the car" Lots more examples that can be made in multiple categories.
Right now you don't really "own" any digital content that you buy that is hosted somewhere like iTunes, Amazon, Google, Steam, etc. You may have their DMC protected copy on your device but can you transfer ownership like a physical copy? NowThis is a paradigm shift of epic proportions.
Right now if you think you "own" stocks and you have them with a broker and not either paper stock certificates (that represent the share and company btw, another example) you don't own the stocks, your broker does on behalf of you but their interests come first. This changes that.
YOUR digital items or NFTs signifying the authenticity / ownership of real world items (Like NFT Home Titles or an NFT showing the Gucci handbag you own is authentic) will be in YOUR wallet that YOU control.
Try to think in the proper categories.
Logical statement is sound though
On the surface but when you think for a moment even without an understanding of what NFTs are you can see it's clearly not true.
There's a difference between "holding" something and "possessing" something. For example, this website & URL... can someone "hold" it? No. Does it belong to someone? Yes Do you have information in your mind? Can you hold it? Do you have salvation through Christ? Can you hold it? Do you have skills? Can you hold them? Do you have a collage degree? Can you hold it? No, but you can have something that signifies and proves that you hold it, much like a car title that works even if someone else is in possession of it. The cops aren't gonna say "sorry boss he's holding the car" Lots more examples that can be made in multiple categories.
Right now you don't really "own" any digital content that you buy that is hosted somewhere like iTunes, Amazon, Google, Steam, etc. You may have their DMC protected copy on your device but can you transfer ownership like a physical copy? NowThis is a paradigm shift of epic proportions.
Right now if you think you "own" stocks and you have them with a broker and not either paper stock certificates (that represent the share and company btw, another example) you don't own the stocks, your broker does on behalf of you but their interests come first. This changes that.
YOUR digital items or NFTs signifying the authenticity / ownership of real world items (Like NFT Home Titles or an NFT showing the Gucci handbag you own is authentic) will be in YOUR wallet that YOU control.
Try to think in the proper categories.
But you literally cannot hold an NFT. You completely missed the point of what I said and got offended first. This shilling shit needs to stop. It's not Q related and no one cares. Fuck off. This is peak cringe and reddit advertising.