Here's how it's going to go down.

submitted by [deleted] from (self.finance)

  1. The money printing will keep going. There will be no "transitory hyperinflation", because hyperinflation IS NEVER TRANSITORY. IT IS ALWAYS TERMINAL. https://www.economicpolicyjournal.com/2021/05/bank-of-america-transitory.html

  2. The huge interest rates that come with hyperinflation will mean people won't be able to afford the super pricey houses they've been buying. They'll get repo'ed and move back to more concentrated population centers, such as FEMA camps or crummy huge housing complexes for the "upper middle class".

  3. Nation-based fiat currencies will disappear, since they will quickly trend towards ZERO value. They will be replaced by SlaveBits (tm) or whatever the guverments wanna call them. These clown politician organizations are very soon pretending to be completely broke and are instituting worldwide communism with Universal Basic Income being most people's only income. This brave new commie world will of course have a heavy totalitarian flavor.

  4. SlaveBits (tm) will work on the same basic electronic infrastructure as cryptocurrencies. The classes will be of a technocratic order, with the owner of actual cryptocurrencies having some privileges that aren't offered to the SlaveBits classes, who only get SlaveBits from their clown totalitarian communist guverments.

  5. The super-rich will primarily use actual Bitcoin, Ethereum, Monero and other actual cryptocurrencies, because the entire economy will be built on virtual money. No SlaveBits for them, they are better than that.

  6. The guverments will never shut down cryptocurrencies because the super rich want them for themselves. Guverments do what the super rich dictate, make no mistake about this.

CONCLUSION:

  • If you have a mortgage, renew it for as long as possible. NAOW;

  • Don't buy a house now, if you must buy one, wait until after the real estate crash;

  • If you don't own cryptocurrencies, buy them, mine them, HODL them;

  • If you can't do that, buy companies that mine cryptos;

  • If you are going to be something more than a slave by 2030, you will need to own things. Cryptos, house equity, etc.

  • Silver and gold? Old hat. They MIGHT be useful, but most likely they will be confiscated by the clowns-with-guns totalitarian guverments. It's happened before in times of crisis and such a precedent means they will likely do it again.

Good luck, you will need it.

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[–]ReeferMadness 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (4 children)

Crypto is even easier to manipulate than fiat currency.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

Yes, of course.

[–]emanresu 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Which means they'll likely crash it.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

No. They won't because the crypto technological infrastructure that already exists is the perfect backbone for the future digital currency economy.

You can't ban the cryptocurrencies without banning the digital infrastructure that IS the cryptocurrency.

Why reinvent the wheel? The super rich, who own the governments, will do as they like. The super rich will buy up all the actual cryptos while the governments roll out their slave-bits.

So while they may very well be the ones keeping the valuations down somewhat lately, that's as far as they will go "crashing" it. Because it is needed.

[–]emanresu 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The super rich aren't buying digital fiat, they have real assets. There's no reason they won't tank the price of bitcoin etc. They could make it worthless tomorrow. Maybe they will offer a deal to convert your now worthless btc for slavebits. This is a reset after all, not a "make basement dwellers the new oligarchs".

[–][deleted]  (1 child)

[deleted]

    [–]AnarchySpeach 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

    They could really control us by controlling energy.

    Unless you're running a warehouse full of machines, or a decent sever in your house, how would they ever know who to shut off?

    [–]proc0 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

    The guverments will never shut down cryptocurrencies because the super rich want them for themselves.

    Nah, they will shut them down and it's easy if you control the ISP's (or overal physical network infra). Either government changes drastically, by decentralizing most of its current size, and therefore allowing more freedoms including crypto, or government gets bigger and totalitarian, in which case you may be right about SlaveBit, but you can bet they will not let anything else compete with it, since they will easily firewall all crypto (except that one). So goodluck working around this without ending in some detention center.

    [–]Bigs 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

    You're missing the bigger pic here