Hi!
I do think to reach this point we still have a lot of years to come. Honestly bitcoins is amazing but it itself have more uses when coupled with fiats. You have a wider area of usage and your trading can be easily connected to your bank/wallet and can get withdrawals 24*7 instantly. Not everywhere is bitcoins accepted. But considering that this documentary was filmed 9 Years before ! That's insane because we are apparently facing the problem today! But as you see on the video most of the comments are weeks old, months old because we see the problem right now. The film is actually extremely long and therefore I do think I am not going to get time for it anytime soon! But rest it's good , if I get time to see it!!!
Then comes the predictions 😅 this thing is scary since it's not just a person in speculative boards saying something but rather its a person who kept this specifically in a picture made in 2012 maybe he guessed the negative factors ? Idk

I finally got around to watching this documentary and have to say it is good.

It contains a lot of info that is accurate which commonly goes unacknowledged by official sources. Descriptions and explanations could be better. They label portions of the US economy a ponzi scheme without doing the best job backing their claims. They discuss trade deficits without fully going into detail and explaining the necessary exposition fully.

One might say there are a few critical points they got wrong back then in 2012. Which they would have realized in watching economic & market trends from 2012 - 2021. If Dr Seuss were banned in 2012 they might say it was motivated by market mechanics, rather than politics. 2020 - 2021 may lend a slightly different perspective.

It is definitely worth a watch IMO. I'll try to watch it twice or three times to make certain I get their points due to how condensed portions of it are.

Everything is a Ponzi if you want to believe that it is a Ponzi. By definition, Ponzi is when the first investor are getting their profits from the investment of the second investor without the second investor knowing about it and with the top of the chain having all the benefit. How can you say that fiat is not backed by gold when most countries have a reserve of gold in their vaults and I believe that it directly affects the prices of fiat.

Thanks for the documentary movie suggestion, I'll add it into the watchlist. After printing this huge amount of worthless money in all over the world and the corruption on economic system we can truly say fiat money is in end of the road. Actually, people maybe don't believe it. But, during the history money was evolving all the time. In my own idea the last generation can be the crypto assets. However, the current crypto system needs much more progress to be the new generation of the money. For example, things like transaction fee for little transactions needs to be solved.

Its really interesting movie to watch if you are interested in economical and political matters of the country.The documentary by Tim Delmastro well depicts the financial crisis affecting the world economy and depicting how messed up our monetary system is and government are printing new notes every day to cover the expenses which will lead to debt traps and money losing its value over time.There is need to adapt to more advanced currency like Bitcoin which will always have a value and can be used as Source of value and payment option in future when fiat will be vanished due to terrible decsions of the Government.

Thanks for sharing. There are many people including some relevant figures that point out at supercycles of debt, similar to those on commodities.

(source)

When a debt supercycle, not too far away occurs, it is an End of the Road.