BRIC Bank of America issues warning of-us dollar collapse
💸 US DOLLAR COLLAPSE 💵
https://watcher.guru/news/brics-bank-of-america-issues-warning-of-us-dollar-collapse#:~:text=Bank%20of%20America%20warned%20in%20the%20latest%20piece,Hartnett%2C%20Chief%20Strategist%20of%20Bank%20of%20America%20wrote. https://x.com/thehill/status/1765856467599417793 Setting the stage.
Prices will fall another 10% in 2024, he estimated, making for a 20% peak-to-trough decline. Some commentators have warned of an even more severe crash coming for commercial real estate. One NBER paper estimated that total losses in the CRE space could pile up to $160 billion.
- forward loans will reset at higher interest rates.
Silver and gold to the moon.....
You might want to check the chart of crypto in general. In particular look at BTC, TAO, KAS, NMT, SMH, AIT, Maga Trump.
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Given alt-coins heavy reliance on BTC's own performance, and BTC's heavy reliance on the USD/easy money (Tether, Grayscale), it's dubious if BTC will withstand the mother-of-all-crashes, and beyond unlikely for basically any altcoins.
Remember, BTC has not been battle tested outside of the Coronavirus dump, and the Federal Reserve sent the price of everything to the moon back then.
Alot of money will (and is currently) flow/ing into BTC. And for economic and uncertainty reasons (and speculation, etc.)
Having something diffucult to confiscate and borderless with no Government in control of it has many advantages in a digital world.
I don‘t think BTC is necessarily THE answer but it‘s a huge step in the right direction (for our current corrupted culture/world.)
Ideally we go back to a more simpler way of living.