Topic: It been said about usa economy many times now its here (Read 249 times)

In its own way it is kind of funny, the OP starts thread after thread explaining their posture and give all kind of flawed advice that somehow is supposed to open our eyes to magnificence of stable coins and fiat currencies, and yet  a newbie that came to the forum and said "hodl your bitcoin" probably knows more than him and is giving more useful advice than the OP.

In a way it is interesting, after all if the OP is not trolling us then it takes a huge deal of effort to be so wrong about so many topics at the same time while they have the truth staring in front of them.

I am guessing that there are some people (or same person) who ended up realizing that if you say something that is exactly the opposite of people are thinking then you will get attention here. This is why we are seeing these type of topics all the time, plus "merit" is something very valuable these days, I do not agree that people should be writing for merit but there are a lot of people who write for gaining some as well, combine these two together and you are going to get opposite reaction topics who are seeking opposite people with merit in their hands.

Not going to lie, USD is going to shit, it is a matter of few years like this and we may start talking about USD as a shitcoin to be fair, I am not arguing against that, I rather have 500k in bitcoin then in USD, it doesn't matter when you have as little as me since I end up spending mine before inflation kicks in anyway, but if I had a lot of money I rather use bitcoin so I partly agree with OP, even though the topic is definitely a spam one.

It's quite reminiscent of the same plot. You gave me a glimpse into the past with enough like-minded people to lead us to completely opposite opinions. I didn't follow him much in the past, but when you mentioned his name, I tried to find out and it turned out that the person had the same characteristics. This is just a possible coincidence. But by creating a spam thread, I'm most likely still waiting for someone else to show proof.

This user sounds an awful lot like previous users OpenCryptoSystem and Cryptoboss2020 (links added now that I'm not posting from my phone).  They had the same absurd notion that they were here to save us all with their "genius", but wouldn't shut up about corporate IOUs like Tether supposedly being the best thing ever.  All they ever did was steer those who didn't know any better down a dangerous path.

Voxo2222:  Whether you are all the same person or not, just give it a rest.  You are not some magical font of knowledge and wisdom.  From what I've seen of your posts, no one should be taking financial advice from you.

This is something that those that wish for the US dominance over the economy to end do not understand, the dollar is so dominant around the world that its collapse will mean the collapse of the whole economy.

This is why even if the political enemies of the US would like to see the demise of the dollar they cannot really take reckless actions against it as they will suffer the consequences as well, this is also why the dollar still maintains its supremacy over all other currencies, but as time passes and the economic conditions worsen even more as inflation keeps getting higher then the demise of the US dollar would be inevitable anyway.

If I’m right, what you are trying to say is that there is going to be a deflation? If that’s what you’re trying to say about the market, we’ll then I don’t think it’s bad right? Because, when there seems to be an inflation you would see a lot of people complaining about the rate at which money is being printed, so they want it to be stopped.

So, if that’s what this guy is trying to do now; stop the too much printing of money right now, don’t you think it is quite good that he’s now trying to bring an end to the too much inflation that has taken over in the market? A lot of people have complained about inflation and if there can be a solution to the problem, that does not in any way disrupt anything, then wouldn’t be bad to go for it.

Yeah, I bet he/she is included in that highly prestigious group who called themselves as a righteous smart people. I hope that guy isn't from USA or any country that is highly dependent in USA. So anyways, USA has been the greateast and powerful country no matter what era we are in for a reason. This is just a huge wave creating a brink of collpase but sure that wouldn't happen. The USA will always get through it, it may take some time but they will.

What does Biden have to do with the USDT, USDC and US dollar currencies, looks like you misunderstood the US economy and Crypto, especially USDT tokens, Before Biden became president of the US, USDT was already traded on a crypto exchange, the so-called stablecoin in this case USDT is based solely on the value of the US dollar.
The main purpose of making tether is none other than to facilitate transactions in crypto exchanges across countries based on the US dollar exchange rate, so smart people what are you talking about.

• have they (smart people) ever tell you about the real purpose of USDT, USDC.

What you need to know is: there are differences and goals regarding USDT and USD, it can be said based on regulations and policies, US dollar regulation directly from FR in US while USDT policy from Limited.

Conclusion: wherever and whenever you make transactions against crypto with USDT you are still based on the value of the US dollar, does not affect the US economy, changes in the US economy are influenced by other factors, that's the point.

USDC and Tether aren't connected to the US economy or even the dollar in any way. Not sure what you're trying to imply here.

Money printing is not going to be cut (of course it will never stop at this point. One could say it's doubtful that dollar printing will severely decline as well) unless more people are put back in jobs and industrial output increases.

Because when you're in a mini-recession like this current one, the government has two options to artificially stimulate the economy:

- print more money (this increases inflation), and/or
- spending more government money, financing that by borrowing more debt from other countries and continuously shifting the US debt ceiling limit/deadline ever forward in time like what the govt. did a week or 2 ago.

A lot of both is being done right now.

LOL you don't know what you're talking about.  Who are these smart people, are you including yourself in this prestigious group?  Also did I just see you type that China's digital currency will be the most dominant worldwide or did I happen to read that wrong..because that is absolutely never going to be the case.  The US is struggling a bit right now but so is the rest of the world.  The world needs the US to do well for it to do well, facts.. so careful what you wish for.

If inflation is 5% annually. Assets would need to be held in an account that pays 5% interest only to break even. Don't forget there is celsius network which payouts up to 17% APY.

https://celsius.network/

While tether is great for reducing volatility over time for purchasing bitcoin -- in contrast to other assets that can be exchanged for BTC it is pegged to US dollar inflation, which makes it unsuitable as an inflation protected asset.

If the fed says they're ending the repo early 2022. Would anyone bet on it? I remember when Trump was still President, the fed said they had to raise rates to prevent the economy from overheating. Followed by no rate hikes. The fed has said they may raise rates numerous times over the years, without said raises materializing. There appears to be a lot of policy adjustments inbetween fed announcements and actual policy. So who knows what we'll get once 2022 hits.

You don't mention that the economy will go to shit because there is a senile president who is more concerned about paying people not to work, vaccinating children, and making people believe that there is more racism today than in 1960 than about inflation and energy independence.

Regarding the dollar, I still see a future for it, especially compared to the rest of the world's currencies, and even more so now if the FED keeps what it says.

The US central bank can always print dollars to support it economically and in the long run, inflation will continue to rise as there will be more dollars in the economy, but again the US economy is one of the biggest and the top choices of currency exchange on the stock market so it demands will always be high.

He was one with bully boss attitude but wrong...

I hope you reduce this kind of talk on the forums. You have to be able to respect other people's opinions even if they don't match what you think. Not all of us think alike, so that's what the discussion is for. So keep respecting each other. We do not criticize each other but share points of view according to their share of understanding. If you already know the answer then you're just trying to twirl the test around like you know better.

Back to topic:
Then whether the dollar will be maintained at a time of high inflation like this? simply because it is the only alternative for the US in controlling all movements of the world economy, and will gradually continue to print only at every point of the central bank without our knowledge. Indeed, that is the task of the superpower, otherwise its existence is considered weak because it cannot maintain world finances only after the pandemic and stops circulating. 2022 is just around the corner, while the sovereign bond program continues into April, it's a sign that as long as the superpowers are concerned, we just need to find the right value-keeping sector. No matter how busy the American government is in dealing with the current crisis, if you don't secure yourself first what you can secure until the inflation situation stabilizes or even decreases.

The USA has two beautiful nuances:
- This is the world's largest consumer of everything!
- This country produces the most consumed product in the world - DOLLAR!

With such a balance, it is difficult to expect the collapse of this economy. Moreover, one must understand that such a collapse will lead to a global economic collapse and chaos!

If the US , a strong economic country is not able to take care of the situation then I doubt what other countries will do in the long run, I do think that, we should understand the fact that if US is in trouble, many small countries which are dependent upon US would collapse as well. Not all countries for sure but some definitely.

The new variant is the least of the concern, there would be future mutations as well, which inturn can cause massive issues for the long run, the countries are not able to cope up with anything for the moment.

That's why investing in Bitcoins is a big thing because with the governments collapsing there must be a back up.

Frankly...get some knowledge dont try to act like smart if clearly i see u got no idea how the things working.

Wow i see only smart guy here...others are uneducated trols like
U just said it right

If the US economy collapses, all economies in the world will collapse, just as the United States does not need its currency linked to gold to be the global reference, but will impose it in other ways.

Frankly, I did not understand what you are saying here. In general, the Federal Reserve will start changing its plans quickly. By the month of March, bond purchases may be reduced, but this does not mean that printing money will stop because the inflation will not be seasonal and may continue for several years.

Inflation may reach 13% and some countries of the world will be 20%, and therefore it is better to search for solutions such as buying stocks, gold, Bitcoin and others.