Post
Topic
Board Economics
Re: Fed on brink of fifth(?) round of quantitative easing
by
larry_vw_1955
on 08/10/2023, 05:46:22 UTC
inflate to oblivion.

SWIFT will become irrelevant due to Bitcoin and the petro-dollar will become irrelavant due to renewable energy/ESG requirements.

not because of bitcoin but because there's some effort underway to replace the SWIFT system with something else at least outside of the USA I recall seeing something about that recently but i couldn't relocate the article.

Quote
USD doesn't have any future beyond 2030.
not even for buying big macs?

Quote
If those dollars enter the US territory, a Big Mac will easily cost $100. Grin
and mcdonald's employees will be making? $500 per hour at the very least.

just think about it. if some blockchain alternative to swift pops up then that would take care of things that FedNow couldn't so USA residents would never have a need to use bitcoin to "send money" to anyone. as long as they had a bank account but who doesn't have that? you can't survive without that.  Shocked