I refer to a book by Jeff Booth called Price of Tomorrow. His thesis is based on the idea that the world is actually deflationary, and technology makes this exponential. We can actually see this in every day life. We always choose to pay less stuff, so any company that can produce it more efficiently should get the bulk of the business since they provide the most value. This about a farmer who could only feed his family, but once he got a tractor, he could grow enough crops to feed the village. All that extra production can now be sold for cheaper and cheaper prices. Jeff argues that the price of everything falls to the cost of production, and production keeps getting cheaper. But we of course don't see this, and its because governments steal all of this productivity. They tax and regulate everything to death. Prices should be going down, and if your wage also drops, it just has to outpace the drop in prices. In history, there were actually deflationary periods and during these times, people were thriving. For this to work, you also need a deflationary currency, not inflationary. So yes, a deflationary collapse when everyone has debt will be catastrophic. But if you ask me, the collapse is already written in stone, its just a matter of when and how.
I would like to add even more data about why the collapse is coming. Here you have a real estate channel out of Canada that discusses the crazy fees that are going up for building condos. Imagine, an extra 50k in fees on top of already outrageous prices. Steve concludes by saying that "the problem is the government and everybody keeps looking to the government to fix the problem that they themselves created and are enabling". So here you have it. A system that cannot be solved from the inside. No government can fix this. Only citizens can decide to buy bitcoin, crash the fiat system, and then we can begin to rebuild. I honestly see no other solution. Everyone can see how desperate the times are getting. How is there not a major crisis in the next few years? The government won't be solving it this time. Hopefully they just get out of the way of the people getting to choose the solution, and it all starts with bitcoin.
I have to circle back to this specific point again because I just saw a video that blew my mind. This is a guy I no longer watch but somebody reposted this video. This guy essentially summarizes everything that I have been trying to convey in my replies to you. He argues that there is no point in working anymore because of government printing. The government will have no choice but to abandon Fiat when all of society realizes that they don't want it. Can I ask do you own any Bitcoin? How many traders are there out there like you that have a significant amount of wealth they want to protect and might find themselves rushing into Bitcoin one day? I really do believe the supply shock is coming one day and this video is making me even more bullish. The structural problems of how fucked up this world is cannot be fixed by the government. They can only be fixed by switching to a hard money that cannot be printed. We can see it all around us and this video solidifies the idea that there is no point in working anymore or trying to get ahead. Please do watch it if you have 15 minutes and share your thoughts.
In the end the government will seize all crytocurrencies. They will use the military and seize all your assets until you comply. Do you know what the benevolent FDR did to people who had Gold in the 1930s or did to Japanese-Americans? This is FDR who the modern liberals all fawn over yet claim Trump is an actual Nazi who wants to start a dictatorship.