Currencies are Collapsing Everywhere. - page 5.

theskillzdatklls

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It's all absolutely crazy. Europe is a total shitshow right now:

And all of that is happening while the US is showing their fake CPI on 8.x% prints (but really around 17% when using original data).

But because of so much QT, there's not enough money to flow into crypto. Even if there were, it probably wouldn't. Because crypto isn't a true safe haven because there's not much that people can do with it still, yet.

I do continue to believe crypto is one of the best places to store wealth, but things are very whack right now for sure. Especially with this upcoming winter.

KingsDen

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Quote from: zasad@ on October 01, 2022, 02:47:58 PM

The dollar index cannot grow for a long time and soon speculators will buy cheap assets for an expensive dollar. People no longer trust banks, because you can lose money at any time. The CBDC will make it easier for regulators to control finances, and most banks will be forced to close or become subsidiaries of larger global banks.

Currencies are collapsing on a serious note and one fun thing about it is that people whose currencies are affected are busy buying dollar thinking that dollar is a safe haven since it seems that it's gaining strength against other currencies.
But all these makes me scared and like I am so much scared that the financial system could collapse. I don't know if I'm going weird or I'm in order.
In the crypto, anything that goes up must surely come down, I don't know if this will apply to dollar because dollar is very much over bought and the ending result might not be funny to the world economy.

zasad@

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The dollar index cannot grow for a long time and soon speculators will buy cheap assets for an expensive dollar. People no longer trust banks, because you can lose money at any time. The CBDC will make it easier for regulators to control finances, and most banks will be forced to close or become subsidiaries of larger global banks.

uneng

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Central banks can do anything they want, but nothing is going change the fact fiat currencies will colapse at some point, because their system has been unsustainable since the beginning.

CBDCs can be introduced, but they mean nothing different from fiat. In fact it is just a digital crypto version of fiat currencies which will remain centralized and devalued by inflation. I believe the reason central banks are going for CBDC is because it will be easier to track and control citizens' funds. It's an efficient tool against money evasion.

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The Dollar Index hit 114.5 so that's the day which the basket of currencies that the dollar is weighted against and that is incredibly high so also the dollar is downtrend the RSI broke its downtrend which is pretty bad news for the rest of the global currencies like the pound did you see what the pound did so the pound fell to a record low of 1.03 and the dollar so I'm going to go over the British pound against the US the dollar quick brings you back to the 1800s during the

In the 1800s there it was five dollars to one

British pound the Napoleonic Wars 3.62 now going all the way to World War Two it was 3.25 dollars to the Great British pound now you had the great financial crisis

that was 1.35 Brexit which was 1.2 and
then right now you have 1.03 Ben Richards you've probably seen him on.

we are seeing a complete control
demolition of the entire economy
plus I think what they're going to be
doing is bringing out a central bank
the digital currency so the more that they
can make these currencies destabilize
the more that people will accept a
central bank digital currency that is
very stable but over the long run you

know they can decrease the value of it

easily and there's no

transparency whatsoever they are

frothing for a CBD right now.

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