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In a forest of currencies... some trees have no roots ?
What might have initially appeared as a "beneficial" means of diverting gold/silver interest vs. fiat currencies... seems likely to change over time as the mass gathers momentum. I think the nature of the challenge is understated by focusing on the dollar as the issue, when the dollar, in that context, is simply one of the fiat currencies... with most others being very directly linked to the dollar, and no other having any magic ability to avoid sharing in what is done to the dollar... the change also doing the same to every other fiat, in a world of fiat.
The "great reset" hyperbole... is focused on exiting the current currency created cul de sac by "starting over" with a fresh slate... to do it all again... without changing control of the system, and without altering the dynamic, which has already resulted in a massive concentration of wealth through intentional mis-allocation. It intends while enabling that change to take advantage of the disruptions imposed, using them to alter the balance in the scales to ensure further concentration in future, on the same plan, without change... while globalizing the impact, and dragging more of the world's wealth from sovereign control into the category of self sovereign wealth... corporations becoming sovereign in their own right (or money in its own right) by existing outside boundaries everywhere.
As we've seen proven in the U.S. election fraud, and in the corporate imposed domination of the media enabling it as a part of that imposition... along with the money that flowed into funding Antifa/BLM as the NAZI brownshirt equivalents of 2020... the scheme of (and lack of legitimacy in) our subjugation to governance of, by and for the corporations... has had a difficult beta test... but it has (apparently) imposed a subservient an unaccountable beta "Presidency"... the impacts of which are yet to be determined.
But... that's not a necessary limit being defined in the shift that is being fostered...
The virtualization of money... has undeniable advantages for the owners of money. But those advantages come at the cost of enabling social risk: One in the avoiding of all connection to society... so, not just enabling tax avoidance as a benefit some wealthy few seek... but imposing itself as a cost and consequence when all taxes are able to be avoided... which occurs by pairing a borderless jurisdictional mobility with a total lack of transparency. Or, in the alternative case, in which the claimed security and mobility of digital money are proven to be untrue, even a ruse... the opposite impact... in which total control by others of a digital money... making your ownership and uses fully transparent... while its existence or utility can be altered, by those others, on a whim ?
It appears the virtualization of money enables competing dystopian futures... one of pure anarchy... and one of pure totalitarian control... with those signing up as participants in the experiment left unable to know which outcomes to expect... but, because of participation, being bound to comply whatever outcome is imposed in the end... or else lose their wealth... which in itself might suggest what you should expect ?
The expected failure of fiat, a known as an inevitability in every cycle, has thus far failed in ever preventing the advantage of tailored liquidity being sufficient enough in its own right... that it avoids the additional potential for destruction when abused in excesses or mis-allocations. The far larger problem results from aggregation through mis-allocation... which is what we see now.
Fiat slipped the limiting bounds that had limited its risks and imposed reason in balance.. with the repeal of Glass-Steagal, U.S. banks were liberated to resume generating bubbles and busts, and in subsequent resulting failures (2008) the frauds of the banks were not corrected, but banks were instead re-empowered in imposing those already realized banking risks as extended systemic risks... opting for corrupting everything else instead of fixing the banks. Not surprisingly, those unable (unwilling) to prevent 2008... are now proving equally inept as managers with centralized control of everything... the controls applied now never fixing anything... only growing the risks larger over time until a failure occurs that can't be controlled.
TEOTWAWKI is made an inevitability... as corruption ensures failure... whether in elections and legitimacy, or in money and economies... leaving only questions about timing, and about who "we" is... and what others than "we" might know about the world that "we" don't... ?
My key quibble with bitcoin is that in setting a fixed quantity it intends to avoid both of fiat's problems -excess and mis-allocation - one by preventing tailoring of liquidity (thus ensuring future depressions will be deeper, longer, or permanent due to a lack of inflation operating to impose a rolling jubilee, when there is no other possible), the other by "solving" the reallocation problem only by swapping one mysterious cabal for another that is even less transparent than the one we have now. That the new cabal "means well"... in a different way... doesn't make them any better than the other ?
There are simple and obvious solutions... to fixing what's been broken on purpose.
My guess is that historical patterns will prove to repeat, again... and once again America will get it right... only after having tried everything else.
