Central banks will keep loose monetary policy until the end of time
Why wouldn't they? If they decide they need to raise rates or dump their balance sheets this is going to most likely crash the system (if they do it fast). If they all decide to wipe out debt this can essentially act as a 'reset' button. Why not use this instead of risking raising rates? When I say they 'decide' I mean as a collective body of international bankers decide that the U.S. is too big to fail and will essentially be a bail-out.
This is one risk to the crypto-world as regulated monetary systems have many ways to alleviate their own situations. Especially when one of the biggest arguments for cypros is that the monetary system is going to fail and they will take its place. The powers that be won't let that happen IMO. The best bet is they integrate some of the better tech (e.g. ripple) as long as it abides by the rules of the game.
My point is that even if they lose, they will still win because its better than the alternative of complete chaos and loss of power. What do you guys think about this argument?
Disclosure: I own bitcoin, ether, drp, eos
Congratulations @verdes22! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP