Topic: USD will crash before BTC - page 3. (Read 827 times)

I owe U$ 2500 to my credit card.

Credit card owes U$ 1.5 million to bank.

Bank owes U$ 50 billion to other bank.

Add all this debt up, for all people in the world, for every nation, for every company, for every bank and you get world debt.

Right now this number is over U$ 250 trillion.

Which means even if the USA became 10x larger and USA did nothing but pay debt and not a single other thing, then this debt is impossible to be paid.

How did this debt become a thing?

You guessed it : the banking system lent this money in various ways.

But if the banks lent the money, surely that money exists, right? Right?

Well, no.

Banks are free to lend money that does not exist. Sounds weird, right? But that's how fractional reserve works.

This is how our financial system works: The FED prints magic money for banks who take this money and magically multiply it by lending more than they have.

What happens if everyone had to return this magical nonexistent money to the origins in full? The system would collapse.

That's what's happening. Nobody will ever pay this debt. It's a ponzi scheme.

Yes it is always happen for some time but never ending period will be the answer for this and the when tha value and the reasons for this will be same while it is become normal we can definitely attract and accept that if you do that then it will clear.

I never understood the sentence "world debt", who does world owe money to? Mars? What does world debt comes down to? Does that mean some countries owe money to other countries, if that is the case does that mean there are countries in the world who combined owed 250 trillion dollars ?

Those countries must be insanely rich right now considering they are owed 250 trillion dollars but whenever I check worlds finance data I do not see any country that much ahead of everyone else, most of the time everyone owes money to each other and there are very few countries that are owed money and certainly not 250 trillion dollars. It just feels like world is printing money more than it can collect and creates a financial instability which creates a broken system that makes everyone owe something to each other until someone can't pay.

it seems that it is still not right because usd and bitcoin have a higher demand and have influence is usd, if usd collapses then surely the price of bitcoin will also collapse because many traders will secure their assets by selling bitcoin and withdrawing assets from the place exchange.

They rely on debt being the controlling mechanism over people, because if you own the Banks money, they effectively own your ass and they can control your assets. The wealthy elite make their money off the backs of a debt ridden middle class and the poor people that cannot pay the debt, will just be forced out of the financial system.

They need debt to control you. 

Do you guys remember this staggering picture?



Or I'll just post the URL link here > https://www.visualcapitalist.com/worlds-money-markets-one-visualization-2017/

Global debt is insane.

Let's just face the reality dude. Every nation has their own debt so it is no surprise. The economy of a country will not prospher if they don't as for credit to other country.

That's right.

Debt in a fractional reserve system is the same as printing money.

Create debt, the money to back it up does not even exist, the debt is never paid.

Most people refuse to accept the fact that our economy is one big banking ponzi scheme.


Only the average citizens still haven't noticed the immense fraud we're all living in. Bankers and other financial experts all know what's up and are preparing for another worldwide crash.

Increasing volatility in world markets is a strong indicator of the problem.

Bankers themselves know that at some point they'll have to sell their equities. With every hiccup they start selling like mad and cause flash crashes. Nobody knows when the big one will come, but it's only a matter of time.


China is also printing money like mad. The only way they can compete with the West is to play by the same rules. If BoJ,ECB and FED can print debt at will then why can't China? When the debt bomb goes off, China will be in the same boat.


That's right.

It's a ponzi scheme. They need more and more young people working their asses off 10x more than in the 1980's to keep the system afloat.

The system requires exponential growth. Growth upon growth, year over year. When this exponential growth stops prepare for the biggest crash in history.

The world is sitting on U$ 250 trillion debt. It's impossible to pay.

They'll either start a major war or find some other way to avoid this debt. Bankers never lose, we do. They'll do something nasty soon.

The financial system is a ponzi scheme.

The world debt is going to be paid only if new wealth is going to be created. Right now this option is limited. I can't think how we can find new ways of creating wealth (maybe go to another planet and start a business with lower costs(?) I really don't know). What I know is that Bitcoin will never crash, but I can't say the same for USD and fiat currencies. Bankers will create another currency even if USD will crash that is going to cover the already debt that is created and again... the vicious cycle continues.

There are some crazy things happening right now in the world. Frankly, the relations between the US and China are getting really bad. Trump is now moving a big part of the manufacturing in Cambodia and Vietnam.
Unrelated to this topic, but please read this about China > https://www.standardmedia.co.ke/article/2001306837/auditor-kenya-risks-losing-port-to-china some concerning stuff going on. Don't know how the world will look if China "takes over" but for sure it could get even uglier than with the US.

This is indeed really true nowadays, USA has somehow shows some initiative by developing and becoming industrialized nowadays as it has been implemented a lot improvements for the betterment of the country. I have seen major increase of fiat currency equivalency meaning the US dollars has gotten stronger lately and it was being felt by most of the countries around the world. The value of US dollars was rapidly growing as it made or possibly one of the factors that contribute inflation rate to other countries as well. But, the stronger US dollar is not really that huge factor of the influence of inflation rate. Well just say 5% factor influence inflation rate of that certain country against US dollar equivalency.

News on economic crash downs are looming out in faster pace in recent rimes, I read in another article about developing countries like India also may face such crashes. Indian reserve bank former president himself had predicted about bankruptcy of Indian economy if they are not regulating themselves. India kind of developing countries are having all enough resources to cope up any economy slowdown and as far as I have concerned India not heavily impacted by the recession in 2008.

Coming back to the topic, USA is having all their enough reserves and a recently I came to know about their gold reserve which is more than sum of world top five economically stronger countries. I do not think US economic will crash down if anything that will be happen then that might be worst scenario than what we had in 2008 (I hope no one could forget collapses of major giants like AIG and USA government's plans of mammoth $700 billion bail out to restore their economy in 2008).

The whole system was created on debt and designed to allow for infinite debt (print more and more money).
There is more debt than there was ever money so paying off the debt is impossible.

Watch this...

The biggest scam in the history of mankind.
https://www.youtube.com/watch?v=iFDe5kUUyT0

USD could collapse, but worse will be the EURO. The value of the EUR has varied really a lot over the year. It was introduced at the rate of 1.16 USD (more or less) in 1999, it fell to 0.86 dollar two years later, then almost doubled in the span of 8 years. And of course it then collapsed again.

The average percentage of international reserves denominated in EUR is 22%. Central bankers and international institutions still prefer the US dollar despite all the critics we can make about the US economy.

By the way, France's debt is huge too. And in Japan it is pretty big as well. All this is a huge bubble. In most rich countries, people live comfortably thanks to invisible money. 

I agree that USD will collapse at one point because no currency can last forever but it will be a long time until this happens,

right, usd is the basis for international transactions, so that if it crashes, it will lead to a global crisis. but to switch to BTTC for international transactions, I think it still takes a lot of time, because there are still many countries that are not familiar with crypto

I dont think USD will crash in near time. Its true that USD printed without any backup like gold but USD still needed for global transaction. I think Bitcoin time will come if economic crisis happen

Someone said fractional reserve did no longer exist, to which I replied that that was ludicrous. FDIC, FSB, FED, FRS, IRS, FBI, NFL, MLB whoever is in charge of it I don't know.

About The Pharmacist's mention of taxes as if that guaranteed some intrinsic value to money: I didn't reply earlier, on purpose, because that doesn't really make any sense.

A simple example may illustrate this better.

Disney sells tokens you can spend within Disney parks. Like the FED issues Treasury notes you can spend within USA.

Disney charges fees for certain activities. USA charges taxes for certain activities.

Just like Disney tokens do not have any intrinsic value other than Disney backing it, even though you can pay fees with those tokens, the same happens to the Treasury notes we happen to call US Dollars.

There's nothing intrinsic about the dollar. We can pay taxes using it because it's the tokens the taxman himself issued via his magical money department we call FED.

The moment average folks understand this is the moment they'll start to understand the fact that the FED simply prints these Treasury notes by issuing one simple database command.

US Dollars are simply a line in a secure database. Today there exist 1 bazillion, tomorrow magically there exist a bazillion plus one trillion. That's how the FED works. They magically create money out of thin air.

Average folks seem reluctant to grasp this simple fact.

They think oh man, the US power is so immense, USA can't use a magical currency issued by a sacred entity that puffs money out of thin air!

Well, that's exactly what it is.

There are over U$ 250 trillion in DEBT in the world today. Nobody's gona pay this debt.

Either they'll start big wars or come up with some other excuse to "solve" this 250 trillion U$ debt bomb. Nobody except The People pay the bill for this absurd system.

Did you read yourself the part by the link you posted?


Maybe, because it is not on its own here and your taxes will be spent on whores, yachts and drugs?

BTC is deflationary guys. USD and other currencies are being printed like air especially american dollars by the US govt. Just taking this factor into account we should bet on BTC and cryptocurrencies, let alone the breakthrough technologies we get. As I speak more about cryptos I realise that this opportunity is a no brainer. Personally I'm putting all my savings into BTC and alts I believe in. I don't let any fiat stand in my wallet because that is simply wasted moolah.