Quote from: 1GUARDIAN on Today at 01:22:08 PM

I think that the scenario described by the author of the topic is too simple. In fact, the world financial system is much more complex, and such a simple approach to predicting the situation with the dollars does not take into account many other significant nuances at all. In reality, as usual, will turn out something completely else.

I also think so.

But I think he is partially right when he says:

Quote from: cryptoboss2020 on October 17, 2020, 01:39:16 PM

now people and corporations will be debted when people are in debt what they need ?? they need money to pay back the loans!
but usa dollars are nowhere and then at somepoint goverment will tell to people , we cant print more money and you dont have money what you have is debt and when there is not enough money for people then the value will increase of the money.

and recessions will hit the usa prices will go down and dollar value will rise higher
all of that i think its beneficial for etheruem and tether!

The problem with the current system is that it is a kind of ponzi scheme. When a bank gets a deposit, of, say, $ 10.000, it can lend $ 9.000 and when those $ 9.000 get deposited (in another bank or the same one), the bank can lend $ 8.100 and so on. This works while expanding but there is not enough money to pay back all the debts. Incidentally, this is quite similar to how other schemes work, like public pensions or social security.

But I think this system favors bitcoin as it works the opposite way.