what happens when fiat currency/USD is killed or weakend?

[Anonymous]

This whole crypto thing is a Russian psy-op intended to crash the U.S. economy. Putin is pulling the strings mark my words.

[Anonymous]

Anonymous wrote:We told you to invest in crypto and you laughed at us. Who is laughing now?

We will be laughing when a gang of desperate people rob you for your crypto keys because your crypto scheme bankrupts millions of Americans.

"But my cold storage wallet, my bullion, my guns, and my prepping will protect me." No, friend, not for long. Enjoy your smugness while it lasts.

What happens to the community around you will affect you.

[Anonymous]

I doubt crypto will ever be a viable replacement. The more likely issue I could see that arises out of the current environment is the eventual dropping of the USD as the worldwide reserve currency.

If that goes away, our cost of borrowing will go up significantly and we become just another country riding the whims of the bond markets. Will have massive long run dampening effect on economic growth.

[Anonymous]

Ask Biden. He, the Dems in Congress, and his idiotic party printed dollars in the trillions. Surely they had a plan.

[Anonymous]

What happens? First, imports become expensive. And US exports get cheap. But, the US loses a huge amount of control over the rest of the world

[Anonymous]

Anonymous wrote:Ask Biden. He, the Dems in Congress, and his idiotic party printed dollars in the trillions. Surely they had a plan.

Coming on top of the 16 trillion printed and spent by W and Trump, Biden was a drop in the bucket.

[Anonymous]

Anonymous wrote:I doubt crypto will ever be a viable replacement. The more likely issue I could see that arises out of the current environment is the eventual dropping of the USD as the worldwide reserve currency.

If that goes away, our cost of borrowing will go up significantly and we become just another country riding the whims of the bond markets. Will have massive long run dampening effect on economic growth.

Yes— this is what I have been saying. Elon and the technobros are trying to end the dollar as the reserve currency which is crazy from the perspective of what’s in America’s interest but they don’t care

[Anonymous]

Anonymous wrote:Ask Biden. He, the Dems in Congress, and his idiotic party printed dollars in the trillions. Surely they had a plan.

How do you reconcile your belief that “trillions” were printed with what you guys also say which is Biden added all that to the national debt?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I doubt crypto will ever be a viable replacement. The more likely issue I could see that arises out of the current environment is the eventual dropping of the USD as the worldwide reserve currency.

If that goes away, our cost of borrowing will go up significantly and we become just another country riding the whims of the bond markets. Will have massive long run dampening effect on economic growth.

Yes— this is what I have been saying. Elon and the technobros are trying to end the dollar as the reserve currency which is crazy from the perspective of what’s in America’s interest but they don’t care

DP. I agree with you and I’m getting so frustrated with these people who don’t understand how NOT normal things are right now. Yes, we know this sounds crazy. But they are crazy people with crazy ideas and goals.

[Anonymous]

I have no plans to buy a Fiat so who cares.

[Anonymous]

Anonymous wrote:I have no plans to buy a Fiat so who cares.

+ 1 LOL

[Anonymous]

I'm with you OP. I can see how everything can easily take a nosedive. It's been on my mind, I just don't know what to do about it.

[Anonymous]

RMB will be the new king

[Anonymous]

Anonymous wrote:What happens to all of our 401ks and life savings if the Trump team is successful at getting crypto into the entire banking system and everything moves to de-dollarize? They are already trying to undermine the federal reserve:

https://www.cnn.com/2025/02/06/economy/bessent-interest-rates-without-fed/index.html

Let's say the worst case scenario is they kill the fiat dollar. How does the govt retain control over monetary policy to run the country if the Fed can no longer control money? Are our life savings and investments going to tank if they're not in crypto?

Trump has a major goal of making the the US a crypto capital, and they want a crypto stockpile they said. Where are we going?

I'm very scared I will lose everything if I keep it on dollars. It's my entire life's savings. I'm not rich.

+1

[Anonymous]

Anonymous wrote:I'm with you OP. I can see how everything can easily take a nosedive. It's been on my mind, I just don't know what to do about it.

DP. Same here, OP.