Hi,
I was wondering, did anyone of you ever thought about that if there were only sound money in place such as (BTC, Gold,...) all consumer credit is gone (credit cards) that are now handed out like samples by drug dealers.
How many that you know would survive such wake up call? Not being able to finance themselves by debt but only with money on the table. I think at least half the medium and up sized businesses would go bust in 1 month, about individuals - really no idea...
Ya it is true that almost from small individual to small businessman to big businessman, everyone is running their business on credit not all of them are using their own money, so it is sure that who ever is holding the gold and bitcoin they will be surviving and then it will start of they are issuing the credit to all. So i think it wont die but btc and gold will take place of credit to others who are not holding them and they wanted to survive.