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!
lol okay boomer. You clearly don't understand what an NFT is.
Let me help you out.... An NFT is a unique digital token of ownership you can attach / incorporate into any digital item. It cannot be duplicated and can only be at one place at one time and has the ability to show a chain of custody proving ownership.
This means in a digital age you can actually own things again like your digital movies, music, games and do what you want with them including sell or trade them or loan them out.
They can also be used in place of things like home titles for example.
I go in depth here https://greatawakening.win/p/15Ir28rdyw/the-revolution-will-be-tokenized/
Question:
Why do you keep insisting that the securities be non fungible (i.e. NFT) ? In fact, fungible tokens are a much better solution in most instances for corporate bonds and securities. Unless you really need to distinguish between my share of stock and your share of stock because they are unique, this seems to be nothing more than an unnecessary intrusion on privacy.
NFT's need to be limited to things that are actually non fungible, such as works of art where every piece is unique. (Or, as you say, home titles.) For company stocks and bonds, standard, fungible blockchain tokens are much preferred in my opinion.
And importantly, the blockchain itself needs to be both public (so anyone can become a verification node) and not proof of stake (so that you must sacrifice an entirely orthogonal asset class in order to participate in the authentication of trades.)
Bitcoin, with its proof of work mining algorithm, was conceived as it was for a very particular reason, and people today have forgotten why those reasons are important in their quest to be "green". Private blockchains and proof of stake blockchains risk recreating the very thing they were meant to prevent. Just in a different form.
Well the solution being built appears to be through Gamestop's new parent company GMErica and the token tech they are centered around is LoopRings L2 built on ETH. We now have fiat on and off ramps up and working as well.
There's a history of loopring guys talking about transforming / changing the financial system, so I'm not "insisting" on anything, I'm telling you what I think is coming based on the last year of looking at this.
I haven't explored anything else because I haven't seen evidence of anything else about to drop. Where as GameStop has sniped top talent from a host of other MUCH bigger players under and these people are all NDAs. If you were in line to be the next CEO of Amazon or Google itt would take something pretty damn big to get you to leave and go work for a failing brick and mortar. The signs point to this and in Oct according to Gamestops own filing they can move their stocks to another system since the DTCC failed to distribute their stock dividend.
If you see something else that looks like it's ready to drop by the years end I'm all ears. But the timing of this makes it look like Red stOcktober was the intent and I see no other puzzle piece that fits even remotely as well as this.
I'm not a boomer but you clearly don't understand history. All the govt has to do is say something like "turn in all your tokens or nfts" just like they made it illegal for Americans to own or trade gold anywhere in the world except for a bit of jewelry. If you want to argue that would be unconstitutional... 1st off - so? Almost everything the govt does is unconstitutional. 2nd - Congress could make legislation requiring everything to be turned in, pay you what their law says is fair value, and skirt around the constitution fairly easily.
For digital movies and music - MPAA and RIAA will kill that quickly. Same for anything else that has a copyright. When you buy an nft, unless the copyright is legally transferred to you and noted on the blockchain all you own is a picture (or you might say a duplication) of whatever art/image you think you bought. If you think you really own it, try to make posters, t-shirts, or copies and sell them. The nft will be burned, you will lose in court (that pesky blockchain that has someone else as the copyright holder), and that will be it, although you will probably go to jail as well. If you really think you will be able to buy a song or an album with an nft and actually own it so you can sell it or copy it or whatever you are kidding yourself. You don't own that, you bought a license just like you do now.
Also remember the US govt is treating crypto as property and not money so they can tax you (and forcing exchanges to report to the IRS).
Finally, if the SHTF and the grid is out long-term or is actually destroyed you will never get that back. Even if we get the grid fixed if it takes too long there may not be enough computers with good copies left to reconstitute. If there is, currency could have been devalued. If it was stored online in a wallet somewhere you will likely never see it again.
The govt has, can, and will always find ways to skirt the law and confiscate whatever they want. If they can't take it for themselves they will just make it obsolete, or even illegal to possess. Look at the police all across the USA. They confiscate cash and valuables with no warrant, you are forced to prove why you had that, and even if you do you won't likely get it back because the police have either spent or sold what they stole. Same with machine guns. You never really own them. You can legally buy them in most states as long as you do the paperwork and pay the tax stamp. You might even get to keep them until you die. But - if your heir(s) can't possess, weren't put into a special trust, or the govt decides to outlaw them again they will just take them. It won't even be the first time they did this.
Look - I like crypto but would never trust it fully. I've used it for at least 10 years, and I understand its limits. NFTs - never. Even as a house title (I read your post). They may be fine for contracts and such short term, but for anything you need for a long time or especially a lifetime it would be foolish to rely on that. Even paper docs are forged and stolen regularly, but at least with those they can be safe if protected and locked away where someone can't get them. You don't get that with crypto/nfts. Ask anyone who forgot their password or recovery keys, or anyone that had their BTC in a hardware wallet and something happened to the drive and their recovery didn't work.
Government isn't gonna say turn in your NFTs. You're making up a "what if" scenario that could apply to ANYTHING including your testicles.
You're showing you clearly don't understand the tech OR that musicians are already making and selling their own COPYRIGHTED songs, albums and event tickets as NFTs. Issuing a digital item as an NFT doesn't violate copyright, it helps enforce it. You do recall CDs & DVSs right? You can legally sell them and transfer ownership without violating any laws. Same with NFTs.
Category error. Do better. Just because you buy a bands CD, didn't give you the rights to use it in other ways.
LOL What? When you buy a CD you don't own a copyright, you own a item that is protected by the original copyright. i.e. from duplication by YOU, not the publisher / creator.
See the used CD / DVD market for a complete refutation of this stupid argument.
Oh cool a doomsday scenario! Can we include zombies? I LOVE zombies!
It's devalued everyday but why are you talking about currency? this is about NFTs, not cryptocurrency.
How is that imaginary worst case scenario any different than the current state of assets today? Read Q posts. Read your Bible. Things get better. God wins. This tech = LESS government and more power to the people which certainly is a step in the right direction.
You answered your own objection with the standard you asserted was safe as just one solution.... put your password or recovery keys in a safe. You said that's what you consider sufficient so case closed! Or there's a host of other options currently and will be even more as the tech takes off. Their will be entire companies that specialize in this and new tech that will make it unnecessary. As far as a home title you aren't thinking about it in the right terms. It's not comparable to BTC being lost or stolen. Another category error. Here's 10 sec of me thinking of how that would look.... You register with the city / state / agency as the homeowner with your NFT title during / after the sale. That can't be unlocked without your express digital (and even other layers of) consent. It also has the chain of ownership, the realtors involved in each transaction, and more. Do you think realtors are gonna go on the record committing fraud, catch charges, and lose their license? No.
If you think of the problem try to think of a solution as well. You're only looking for roadblocks, not imaging not needing a road and flying over them. A Steve Jobs you are not.
Remember this in 20 years when you are bitching about losing stuff you overpaid for. I'm not going to even attempt to convince you because you have an entirely closed mind when it comes to stuff like this. You've shown you think it is the best thing since sliced bread. Well, what makes you think any government will honor a blockchain title if the government doesn't own the blockchain?
And for the record you are right. A Steve Jobs I am absolutely not. Nor a Bill Gates. I can't stand either of them. I don't run their stuff. Macs were made for people who can't understand the underlying OS. Windows was stolen. I have run Linux since 1992. Oh yeah, but I don't know tech.
Like what exactly? What am I suggesting a person pay for that would lose it's value? Oh yeah, the current digital ownership ecosystem like Apple, Google, Steam, Amazon does EXACTLY that. You seem to be under the impression I'm pushing people to buy NFT art which I expressly said I was NOT. I'm excited about the OTHER applications for the tech, mainly tokenizing securities / stocks so we can end the current corrupt wall street / market maker / system.
Says the person that didn't put together a couple of large and original pages of thoughts on the subject trying to imagine some of the real world use cases beyond whats been proposed like I did. Just because I disagree with your assertions doesn't make me close minded, it makes me a person that doesn't think highly of your grasp of market disruptions, paradigm shifts, and the implications thereof.
Yeah I think a solution that solves the problem of digital ownership in an increasingly digital age is not only a huge step towards giving individuals and small companies the ability to transact and compete at a global scale without the costs and infrastructure, but also I'm excited to be able to have the ability to share media legally with friends / fam or sell digital purchases that I'm done using and sliced bread is cool and all but have you ever tried stuffed crust pizza? Just FYI, it loses it's value when you bite it.
Forget the tech, you're so retarded autistic you made a straw-man fallacy from a clear example of a person famous for innovating and introducing products / solutions that changed industries.... namely the introduction of the iPod / iTunes changed the landscape of every retail store that sold music in a few short years. Then your bring up Bill Gates/// lol/ This wasn't about OS's you myopic zit farmer.
I can't keep talking to you. It's like banging my head on a wall that is playing Madonna techno remixes in mono. You belong in a basement surrounded my computers, not interacting with other people. Blocking you is the most productive way to prevent headaches.
polysign