The only thing that can make the financial system collapse is from when trust is evaporating.
There's two levels here. First the fed can't keep up with inflation thanks to the stock market. Second, commodities begin having more value than the going currency, which can't keep up.
What I feel is that things begin to have more and more value than the paper I spend it with. The uncertainty is growing. I am not certain other people see that as being the case. A lot of lemmings still need their sports cars and vacations and such. I know America is different, but there too must be two kinds of people. The one supporting the system blindly (from indoctrinated fear or greed) and the ones pulling out of the system out of belief in self-sustainability, autonomy and patriotism. Soros, probably isn't 'pulling out' that way, he's just pulling his strings to avoid taxes. Doing his thing.
What Soros has hit is the trust in dollars in the system, so the people IN the system have been hit. People outside the system begin doubting the dollar even more, as we do, but the ones trusting it begin trusting it less. This is good.
My point here goes towards people IN the system begin trusting currencies OUTSIDE the system, and people who are IN it want some safe alternative, so they can keep on stock market profeteering, like all of us want to be on the safe side. Cryptos is the first thing that comes to mind here.
I wouldn't trust any Bilderberger, but their political move this year tells a lot.
The Bilderberg group said they basically own and control the crypto market.
They said they have 'staged it' for the 'collapse' (their grandiose play of master of everything is laughable) .. Any way. That way they pull people IN the system into believing they can do Soros profiteering and stand on top of the ruins. Talking to people's fear and greed at the same time.
IRL the amount of unsafe coins out there is obscuring the clear goal of cryptos to the common man. Thus is makes it seem like they are standing "on top" of the thing they're really just fearing the most: That the lemmings start realizing they're playing monopoly, and the people, with demand, can achieve their own currencies.
Also, hitting con-Bilderbergers on their faith in cryptos is a smart move, too, if they didn't know better, at least.
A few currencies, like granddaddy bitcoin, will, probably, keep on growing in value forever as long they are the only alternative to fiat. Yes, a steep dollar collapse is very hard to imagine, but we all know in out heart that everything leads towards that. In reality, it's already moving there, thanks to the alternatives.
In most areas we won't probably see any SHTF, unless something goes wrong or we get bombed into democracy again.
I don't believe SHTF will break out globally, atleast. It's probably going to be something in the middle of things - either it will be the alternative, or else just plain downwards movement for the general consensus.
I hope we will holocaust the fed with cryptocurrencies. The more we know it can be a viable alternative the more we can push for making the printing press obsolete, and in any case the things we got in out possession will be what we can fall back on.
Maybe it will not be proven in out lifetime, but I sure do hope we can push for it to be the safer alternative along the way. In the future, we can perhaps even print out own money with scannable codes. We'll just agree what coin we want to use.
For cryptos, the proof-of-works is the breaking point we all have to focus on. Cryptos are getting infiltrated, or built-in in most grand-scheme cryptos. A few, however, stay true to the core: Code should be law. Scalability and Distribtion have many, but less important technical specifications, which makes them different, and makes it possibe to overcome the difficulties that appear when demand grows. Bitcoin is already technically vastly inferior to others, but it still is safe, and thus got a great demand. In time, hopefully, other coins will take over, and we will see a surge of alternatives to the alternatives, until capitalism, the greatest ally of corporate control and globalism, has been shown inferior to the free market and technological innovation. Fight!
