Quote from: panganib999 on July 11, 2020, 02:23:15 PM

Yes I do have seen how our government have responded on the rising case of this covid-19 pandemic. Our government have extended a hand on borrowing money from the world bank just to be able to sustain the needs of its people since many individuals are directly affected by this pandemic because many establishments are close which lead to people getting jobless and tend to stay at home.

It is indeed that this pandemic is really harmful directly to the fiat currency and not into Bitcoin because we are most likely using fiat to provide direct response on this pandemic to sustain the necessities of ours to be able to survive this crisis. This Pandemic have really gone through the limitations of almost all countries affected which lead them to create a loan or borrow money just to sustain the needs of its people during this crisis we are facing right now.

Debt is always considered the solution for all economic problems, even though its true debt actually adds to the economic burden. Because debt is always accompanied by interest and collateral, so that creditors always and surely benefit, besides that the government protects the bank as if the bank collapses then the economy will experience a disaster. In fact, it is the bank that is the trouble maker.

World Bank & IMF although officially this is an international institution, the international monetary is organized like a private company. Decisions must be made by the majority of shares held. Because America holds the majority of capital in both, America is the main actor who controls the most votes for the funds or bank decisions.

Especially for the corona pandemic, the fact also affects the cryptocurrency market. Because normally individuals in crisis conditions will hold cash in the form of fiat (dollars). Evidently Berkshire Hathway released a majority of its shares at the end of March and held cash, but its purpose was different from other individuals in general, Warren Buffett would likely buy up many shares when the price dropped during an economic crisis. So they remain kings after the crisis.