At what point, does the rest of the world that is powering global growth, say we need a neutral, apolitical, permissionless currency to facilitate trade rather than rely on a sovereign, permissioned reserve currency?
https://m.primal.net/LgFD.jpg
Technically, anyone in a low tax jurisdiction that has a fiat mortgage and also owns Bitcoin is a Triple Maxi (defined by @saylor). I suspect quite a few are without realising it.
In the terrifying scenario that the monetary system fails, it’s every man for himself. Food, shelter, security etc is no longer guaranteed…most of us urban dwellers will be like fish out of water…so much that I had not considered…so unprepared for this worst case scenario.
The novel is set in a dystopian near-future America (2029-2047) where the U.S. economy has collapsed due to overwhelming national debt and the replacement of the U.S. dollar as the global reserve currency.
The story follows the Mandible family, once wealthy and now struggling to survive after losing their inheritance due to the economic collapse. The novel explores how each family member adapts to the new reality, including issues like hyperinflation, scarcity of resources, and the breakdown of social order.
It’s the collapse of the world’s reserve currency of the global hegemony…the world is storing its wealth in US capital markets. Its collapse is the collapse of wealth everywhere. It’s a collapse in confidence globally.
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Notes by Baljit | export