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Friday, March 29, 2024

Comment by biodieselchris

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  1. biodieselchris

    advill/crashing – absolutely, they are tied at the hip

    1979 book – I think the major "crashes" are currency related at their core. certainly it was in 1929 (stock market crash) was really currency criss that lasted until thru 1933. Banks didn't have any money and the bank runs were happening regularly. This i a consequence of a new market ecosystem (stocks and real estate) overtaking the existing currency ecosystem (gold currency) which has been largely deprecated by the new economy (manufacturing versus distributed agrarian). 

    the 2008 crash could've been a lot worse since fiat currency and mortgages are closely tied. Did derivatives it (as opposed to helping cause it, as conventional wisdom believes)? Bear Sterns evaporated in a weekend. This was setting up to be Bad Squared. 

    Interesting with crypto it is an accelerating flight INTO a new type of "currency" which is exactly the opposite of a currency crisis and why it feels so "different." Through this prism it makes a crisis (price crash), while certainly always possible, look less likely than other consequences – limited availability to incoming flight capital for example – what would this look like? These are the questions where I seek answers to make future predictions.



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