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1  Economy / Economics / Re: Economist predicts demise of global central banks on: February 15, 2021, 08:00:02 PM
That is what is expected to happen, if they continue to pump without any direction to do so, the bubble will burst and disaster proportions of events will happen. The suits and the rich will not suffer in this collapse, I can guarantee that. They will only do a reset and everything will start all over again as if nothing happened, these bankers are not worried that this will happen because they know that they can survive this, this is the ripe time to go for cryptocurrency because it helps that you will have an insurance that when something happen then you are safe, the only downside is the prices will definitely go up.
The most important question is, how is the reset going to play out? Do they want to reset the Dollar only? Then what about the (yeah the good old whataboutism strikes back) countries that borrowed huge amounts of dollars? Like Greece, like Turkey? They'll be the winners of that scenario. And who will be the losers? Those who loaned them the money, the banks. The developed countries.
This smells like the next world war to me. Erasing more than half of the world's wealth and debt will have its consequences.
They were shitting bricks when a bunch of Trumpers gathered in the Capitol fearing that it would trigger a civil war and now they do this?
I bet it will play out peaceful af.
The global reset actually benefits me in the end because I live in one of those broke countries but thinking that it won't have any consequences is bat shit insane.
If this news is not a fake one than everything will happen as usually: poor people will become poorer and rich people will triple their wealth. But sure, economics of all countries will suffer drastically (not only Turkey and Greece). Such global reset will destroy everything.
2  Bitcoin / Press / Re: 2020-12-29 FoxBusiness - Panthers' Okung first NFL player to be paid in bitcoin on: January 16, 2021, 08:50:19 AM
@ Harlot. It might only be a paid for advertisement from a new bitcoin payment processor called Strike hehe. This appears to be a new form of marketing tactic similar to reality TV became a new form of sitcom hehe.

This is surprising, because the article appeared on Fox News (I came across it for the first time last month) and I never thought that it was a promotional campaign. Anyways I was wondering why he is taking a huge risk in converting half of his salary to Bitcoin (the article claims that he made the request in 2019, when the Bitcoin exchange rates were quite suppressed).

It is a risk, however, he can change his lifestyle, assume that he has lost half his salary already and make all his expenditures for 2021 only 50% of 2020. I speculate that he might raise expenditures by 500% on 2022 hehehe.
Or maybe he's just covering his debts. maybe he's not a bitcoin fan and he was just forced to do it
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