The current fiat-printing stimulation by coordinating central banks could soon be tapered off as the world economy recovers from the Great Recession.
There is no recovery. This is an illusion of increasing debt. I explained this at the following linked post, as well have a link there to the astronomical total debt-to-GDP ratios, e.g. 550% for the UK for example.
http://blog.mpettis.com/2013/10/hidden-debt-must-still-be-repayed/#comment-3179I believe you are living in Neverland. Do you have any rationale to support that statement?
We are seeing a bounce in dollar and euro because capital is pulling out of BRICs due to the end of China's imbalanced economy. The commodity bubble peaked and is in a slow motion crash.
India is crumbling. The collapse has stalled but will renew after a bounce. Ditto China, Brazil, Russia, etc.
Accordingly, I expect world stock markets to return to more typical valuations during the same period that bitcoin reaches full adoption by speculators.
Indeed you may see a double in US stock markets due to this capital rushing from periphery to the reserve economies. This will drive US interest rates up, which will lay the foundation for the collapse in 2016.
After 2016, all hell will break loose.
Thus at the same time stock markets are slumping, bitcoin will be a contrasting boom. That might be the narrative that lures the last large cohort of bitcoin investors.
Peripheral stock markets slumping because this wave of globalization via expansion of debt is peaking, US stock market will blast off to a double between now and end of 2015 because capital is running back to the safest haven and this causing a boom in US real estate and markets.
I am not worried about income and wealth inequality being aggravated by bitcoin adoption. Economic injustice is solvable by the political process in respective jurisdictions.
No it is not. Political action invariably makes everything worse.
You fail to understand the basic game theory of political economics. Learn from Eric S Raymond, the creator of "open source" who has a claimed 150 - 170 IQ:
Some Iron Laws of Political Economics As an aside, achieving the Technological Singularity is my life's mission - I am an active artificial intelligence researcher,
Technological Singularity is complete nonsense. I explained why on my blog:
http://unheresy.com/Information%20Is%20Alive.htmland believe that when computers and robots put nearly everyone out of work, the political process will find a fair way to allocate purchasing power to human consumers - in a future economy growing exponentially without the constraints of human labor.
You don't understand the physics of math. Degrees-of-freedom is potential energy. When you redistribute capital in effect you centralize it, thus you destroy all the potential energy in the economy.
If you boomer socialists have your way, you will destroy humanity and we will be in a MadMax dark age.
I am going to attempt to stop you. I realize you can't see your errors. I am trying to teach, but I doubt you will even read the links I provided above.
If you disagree with me, why not try to convince me with math and logic as my links above do.
P.S. I don't intend this as a personal insult. But if you are going to make statements that are consistent with destroying the world (from my perspective), please be prepared to support your reasoning with math, data, and logic.