Please explain what arguments you have for a USD crash
USD has been around for a long long time and yes there is inflation, like a couple % a year which is done on purpose because mainstream economists belive a little inflation is good for the economy, because it supose to encourage spending. The FED has been managing the inflation of the USD for how long now , a century ? why do you think all off the sudden we are going to see hyperinflation now ?
The government knows the dollar will crash one day or another. Why would they want it to crash only to give rise to a competing currency? Would it not be in their best interest to plan a controlled demolition of the dollar, before any competing currency is mainstream enough to replace it?
All it takes is a few of the highest banksters to sell their stock and the house of cards falls to the ground.
Is it possible the fed knows the dollar will crash before bitcoin is widely accepted through society which is why they are making no effort to stop bitcoin?
Invalid premise. They are doing a lot to slow down and stop bitcoin and they will continue doing so.
Ben Bernake on bitcoins:
Historically, virtual currencies have been viewed as a form of “electronic money” or area of payment system technology that has been evolving over the past 20 years. Over time, these types of innovations have received attention from Congress as well as U.S. regulators. For example, in 1995, the U.S. House of Representatives held hearings on “the future of money” at which early versions of virtual currencies and other innovations were discussed. Vice Chairman Alan Blinder’s testimony at that time made the key point that while these types of innovations may pose risks related to law enforcement and supervisory matters, there are also areas in which they may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.
Does this seem right to you?
They could outlaw them in a heartbeat if they wanted, though there has been no significant effort to stop bitcoins.
