RE: Hey Americans Banks Owe You $70,000 For The Financial Crisis
Hi Chris, Nice to see your animated face and energised aura rather than the Cryptoverse screen.
Perhaps Max K is correct about $100k btc? The only problem is that by the time it reaches that level, a Big Mac meal will cost $1,000.
The weakness of fiat currency around the world is a real problem for crypto: until this endemic weakness is remedied, I fear that the cypto house is being built on sand. Earlier this week, it is reported, Germany is calling for a new reserve world currency. Crypto-currency is only worth what backs it: with $trillions of debt hanging over the US, what will the dollar be worth in months to come? I fear that the $70,000 per US citizen you refer to in your excellent report will appear as chicken feed if the predictions of some doom merchants are correct with regard to the real impact of QE.
There are the Haves, the Have-nots and the Haves who have yet to pay for it. The latter might refer to the masses who will inevitably end up footing the bill!
Perhaps JP Morgan was correct when he suggested that gold is the only currency, everything else is credit!