https://www.zerohedge.com/s3/files/inline-images/USDTRY%207.27_0.jpg?itok=EZeP59R4
I am really stoned and fascinated by macroeconomics. I believe the US will try to commit to Universal Basic Income in the form of a centralized electronic currency in the near to mid future.
Apparently the Turkish Lira has just imploded. BTC is at an ATH in comparison to their own currency and the gov't deliberately blew up short sellers by raising rates to over 1,000%
Combined with a physical dollar and coin shortage as we speak in the U.S. When will complete economic collapse and social unrest occur??? I am more than disappointed and saddened by this to happen and most importantly why are the American citizens watching blindly while their currency dissolves in front of their eyes
When are we leaving the twighlight zone? Does anyone else feel this is happening faster than the average person expects? Within the next year or two we will have ramped up QE in such a tremendous amount throughout the entire pandemic and either have an economic downturn, what we need or QE infinity where we are stuck in a faster/ larger cycle of necessary stimulus keeping "everything smooth" while devaluing our currency further in a snowball down-the-hill fashion.
Have been stacking large amounts of precious metals these past few months as well as BTC and I am considering leaving the stock market and going all in BTC, gold, and silver in order of holding percentage instead of the mere 10% BTC I currently hold. What are everyone else's thoughts on how the next debt bubble event will play out and to those who are not all in Bitcoin yet, what are your ideas on how to go about this economic catastrophe?
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