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!
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.