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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: sense who wrote (168411)	2/11/2021 12:23:15 PM
From: TobagoJack	1 Recommendation Recommended By dvdw© Read Replies (1) \| Respond to of 218916

BTC is backed by faith. Spoke yesterday with Venezuelan cousin. His two kids have been trapped in Spain since early last year and is now seeking asylum in situ. Wife is working doctor in Kuwait. He is tending to the fort. Only 1 of 6 cars have fuel. USD 350K apartment bought for 50k and now, given market, can only unload at 30K. Entire economy dollarised. The Venezuelan digital currency Petrol is popular enough, because it offers on-ramp to BTC, and BTC can be moved through walls and across empty space, easily. I asked him about hyperinflation, and how he has navigated all these years. Answer be he had moved dollars (was a coal mine operator) to Miami eons ago. Issue, what would people do when USD burns, where be the alt-Miami for people living in Miami? And what currency does alt-Miami use? Or maybe USD would not go the way of the Venezuelan money at all, at least not at the same speed / acceleration profile. Another cousin and family happily moved to Chile. He says to move within Latin America is easy and second nature.