After the US presidential election might be a good time to reset the debt.
Scenario: Let's say the S&P 500 drops by 50% during a few weeks and a global state of fear emerges.
What do you think? Will money flow in or out of cryptocurrencies?
My thoughts:
Pro:
- they might be seen as a "safe haven"
- they could be useful to counteract inflation
- evasion from tax, seizures, ...
Con:
- with (probably) rising interest rates and low stock valuations, conventional investments will be more attractive
- investors may sell to pay their liabilities
I'm pretty sure most of the world has seen financial repression since 2008 and some countries way before that (Japan for one).
Generally, interest rates remain lower than inflation in a period of financial repression... isn't that one of the main goals of financial repression?!
I don't know, maybe economics has changed since I was a kid.