50 sats \ 1 reply \ @tomlaies 20 May \ on: Collapse of fiat? econ
I don't think fiat collapses. It will fizzle out slowly slowly over a long time frame.
Also I don't think people have to pay attention to Egypt. Egypt is certainly a beautiful country, rich history etc but it's just not relevant. In 2011 there was a revolution there and economically it just doesn't matter.
Different for Japan. But I think most people don't think anything will change even if the currency dies. People will take the hit, people might suffer but in the morning they will still go to the Toyota factory assembly line. Nothing ever happens.
https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F023429c6-7a12-43ff-a56f-57f15e260f51_954x542.jpeg
Man, I hope you are right. More time for adoption to flourish and help the people.
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