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RE: FED to print close to $500 billion by year end - why Bitcoin matters
Like I've said numerous times before, real value of USD is very close to zero as they print more money just to cover the debts they are piling up on top of each other. Eventually value of USD will be so small that other countries will hit the panic button and that will be the collapse of modern financial system and start of global crisis. It can only be fixed by pegging everything to Japanese Yen as it is tightly controlled.
How long before that happens? I'd guess it will take a while...
I don't know how long it will take exactly, but there is already signs that global crisis is getting closer and closer... It could be months or few years, but definitely less than 5 years.
Where I'm from, the government collapsed and the new government lasted just few days before it was close to collapsing too...
I think the collapse can be pushed back and kicked further down the road than most think... I wouldn't be surprised if people are still talking about the collapse that hasn't happened yet, 10 years from now. Just like they were 10 years ago, and then 10 years before that.
I try to be realistic, so I stick to the prediction that it will happen most likely within next 2 years, definitely within next 5 years. I also try to be optimistic, so I predict it won't happen within next few months.
I just remember everyone saying the exact same things after the 2008 recession... mostly in the years following... like 2010 or so. Well, here we are a decade later and they still haven't been right yet. I would not be surprised if it gets pushed back much later than everyone thinks.
Nothing is certain when it comes to future that isn't only few minutes from present moment... It's like weather, everyone makes predictions based on some model, but it doesn't have anything to do with facts...
All about assumptions and probabilities and past patterns. :)
People are inherently lazy... They don't do anything radical unless there is no other choice... It takes a big effort to change an average person enough to be willing to participate in a revolution. In the end, it's the common people who selected the people in governments.