“What Happens to Stocks and Cryptocurrencies When the Fed Stops Raining Money?”
Even asking the question is evidence of failure; the economy and its participants should have been robust enough to withstand this kind of shock. Instead there is an inverted economy where irresponsible and indebted risk takers are bailed out with money from those who trusted the system, while amongst other things saving for a rainy day. This bankrupt philosophy ends with social credit and cast-like systems with printing and debt at their core.
It seems that those who love freedom and responsibility have attempted to build a safe haven from all this garbage, let's hope that crypto survives.
It is the systematic breakdown of trust. High trust societies like USA take trust for granted and don’t consider how difficult it is to rebuild that fabric of trust once it has been deteriorated. It affects everything from institutions to the individual economic transactions between individuals.
Because of this, I’ve always thought it’s better to allow bigger economic downturns but don’t mess with that fabric of trust.
Even asking the question is evidence of failure; the economy and its participants should have been robust enough to withstand this kind of shock. Instead there is an inverted economy where irresponsible and indebted risk takers are bailed out with money from those who trusted the system, while amongst other things saving for a rainy day. This bankrupt philosophy ends with social credit and cast-like systems with printing and debt at their core.
It seems that those who love freedom and responsibility have attempted to build a safe haven from all this garbage, let's hope that crypto survives.