I don't get it... are not Govt.'s saying they don't want crypto coz its undermining financial stability, they kind of lose control, or power because people own a decentralised currency that they do not control.
Second, why won't USD decreapreciate, its happened with many fiat currencies?
First the Govt. has too much dept, defaults likely to happen...over printing, inflation everything is out of control!!
Fiat currency will fall... and fiat currency represents this power of Govt. and through CBDCs they want to survey our finances... track them... kill our privacy!!
USD's days are numbered... we have to watch!!
INR will fall... many other currencies will fall, starting with fiat currencies of countries that are meserable...economically, politically, socially...
Fiat currency is toilet paper, backed by nothing but trust in the Govt. that has too much power and misusing it... its absolutely sick!!
anyway... we really need a decentralised asset, like Monero more than Bitcoin to be safe from govt. control, and harassment...
Sadly this narrative really doesnt grasp what the USD is.
The USD has nothing to do with the government. They do not create it nor do they expand or contract it. That is the role of the commercial banking system. Have you ever heard of fractional reserve lending? That is where the money supply comes from.
As for crypto, it is like the Eurodollar system. That is outside the reach of any government or central bank. They have no input into what goes on there. The Fed knew it lost control of money 50 years ago since the wholesale banking system took over.
People think they understand what the monetary system is which, sadly, is not the case. It is not the garbage that we were taught in Economics class or what is promoted on CNBC.
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