Quote from: hatshepsut93 on March 20, 2023, 11:23:31 PM

This isn't as big as 2008, and 2008 wasn't a complete collapse of banking.

The rest of your post was great so I won't address it. Though I found this point to be interesting. 2008 was a monumental event fixed with a solution that was very clearly a band-aid. I always thought that if there were to be another crisis, that it would be monumentally larger than 08' as the same band-aid solution won't work like it did before. Unless you are strictly talking about right now and not the situation as a whole, what makes you say that this crisis won't be as big as 2008?

Quote from: coolcoinz on March 20, 2023, 10:06:00 PM

The way I see it, there was a fear of FED, rate cuts, regulations that followed FTX, but at this point the FED is no longer in control. Instead of fixing the system they're breaking it more.

When FTX collapsed they blamed cryptocurrencies and people believed it. Then Silvergate went down and they blamed crypto again, but then CS went down and CS had nothing to do with crypto, which showed the FED blaming was a smear campaign and a straw man argument. They broke the system by printing money and allowing for fractional reserve banking. Bitcoin is the exact opposite of this system as it allows for every coin and every transaction to be accounted for. Nothing disappears in the blockchain.

Therefore, I think that there's a number of points to be made:
1. Inflation is not transitory and it cannot be controlled. It can only be curbed to a point, but it's going to keep rising, like a population of rats. You can keep catching and poisoning them but they will always be there running around and replicating.
2. The banking system is like a building with weak foundation. It's shaking and trembling and all the FED is doing is prolonging its existence by supporting the walls from the outside, but eventually it's going to collapse. There's no way to rebuild it from the top.
3. People are beginning to wake up and they see what FED representatives are saying. That people will pay the price for the bank collapse, that they need more unemployment to fight inflation, that they have no idea if they should go back to printing, or not and that eventually they'll have to and that will decrease the value of the dollar even more.

In 2008 no one would have thought that bailouts for big businesses/corporations like banks were even possible. Your post and points are completely accurate, what I wonder is mostly about what stops the Fed could put in place that no one would have thought of like they did in 2008? I find it hard to accept there has been no innovation in fiat failure/crisis management for the last 15 years. I suppose it also would not be so surprising if there wasn't. Or, maybe I am just over analyzing and it's as easy as ABC. There's no catch, and the next 1-3 years are what everyone in Bitcoin has been waiting for.