The large rush in price you are seeing in crypto is the cyclical design dude. Crypto is going to crash like a mofo in the near future just like in 2017-2018.
US has 130% debt to GDP which is still perfectly solvent. Over 300% and that’s when you see solvency issues.
The bond market still has buyers other than the govt so they are not yet performing yield curve control.
The US is not yet at the stage where they have lost control. You still need to see:
*product shortages
*huge price increases in housing costs
*huge increases in food costs (as in price doubles)
*protests over low wages
*protests over lack of jobs
*US debt solvency issues
You won’t see a recession because the data will show GDP increases due to all the QE and stimulus.
Saying the USD will collapse this year is what MR A said would happen in January and it never did just like it won’t by the end of 2021.
Have the exchange rates shifted? No. Has the USD lost it’s place as the world currency? No. Is there a viable alternative to the USD as a world currency now? No.
You wouldn’t want it to collapse this year anyway because it will take all of crypto with it.
A lot of people are worried about inflation. Hyperinflation changes the game. Cryptos will not drop in value when fiat currencies are collapsing in value.
http://economiccollapsenews.com/2021/05/03/bank-of-america-warns-of-transitory-hyperinflation-ahead/Is the United States about to go through hyper-inflation?
The Bank of America recently unveiled a stunner during its earnings call that suggested the nation is in store for “transitory hyperinflation.”
The financial institution wrote:
“On an absolute basis, [inflation] mentions skyrocketed to near record highs from 2011, pointing to at the very least, ‘transitory’ hyper-inflation ahead.”When even the Wall Street titans are sounding not just inflation but hyperinflation, it is time to hang onto your gold, bitcoin, barrels of oil, and soup cans.
It is going to be a bumpy year.
But remember: there is no inflation if you don’t eat, live under a roof, seek medical care, or wear clothing.