Uneducated Economist believes that it's not so much the high supply of money that will destroy the USD, but the low velocity of the USD. He believes that the Fed is printing to maintain that velocity and "keep the USD afloat". Once the velocity drops down, the dollar will be less traded, thus, its value will fall. I think that velocity will have to be higher and higher in order to "keep it up". It's like when you need more and more and more Viagra. Until you get a heart-attack The more countries, businesses and people "ditch" the dollar, the lower its velocity will be. Then will hyperinflation come. Inversely, I think it is in fact the growing velocity that is keeping some cryptos up. Once Bitcoin has reached enough members, it will have enough velocity (practical use must be assured) on order for it to survive and to not keep collapsing.
cryptos has weekness, its not instance, when you expect to get paid, its now. not a second minute half hour later its not medium of exchange, it can go up and do many things, but there is costly fee invloved, so its not desired when you want to buy/sell 1000 times with USD, you can quickly spend it, but with digital Yuan, how to quicky get rid of it, can't just drop the mobile phones no wonder Palladium that is hoarded by Russia is going up in price, not so much is being traded in USD anything traded in USD would enjoy the gravity pull lol
I like to listen to all points of views. The uneducated are less indoctrinated in some ways and can have a different opinion of stuff.
Some are predicting a crypto crash soon. If you look at the charts, you can see that most cryptos appear to be in their 2nd or 3rd big bubble. Besides Bitcoin, Ethereum and many others look like the should take a breath soon: correction coming?
yer fighter planes, war machines, ammo, and cargo ships during war times are just teleported to their destination, definitely no need for battle ships in this era of teleportation, because isnt that how stuff goes from one continent to another these days? . lol
Transhumanism. First time I heard of this term. Yes, i know, they have created half monkey, half humans in labs. The vaccine is some gene therapy. https://thenewamerican.com/covid-shots-dna-transhumanism-with-dr-madej-2/ She spoke about Avatars. Yes, I watched the Matrix. So maybe cryptos will work when that time comes since there's no need for cash since there are no people by then. It's all a computer program.
human that is no longer mortal, it is very close first mentioned was 20 odd years ago just can't die even if you want to, it will pass 120 years age of robotics, droids in Starwars Avatar Ang, in air bender only the brain left, just like the borgs
I didn't watch the video but velocity has been a talking point with financial professionals for years. Obviously declining velocity, price levels, treasury yields are all linked together. Exactly the same patterns being seen in many traditional markets. What do they all have in common?
Builders are stopping building. On the other hand insurers are stopping insuring. Does that mean house prices rise or fall? DJIA trading bots are clearly pricing in mega profits on the back of commodities. I reckon they might soon learn about supply and demand.
