1051 sats \ 1 reply \ @frostdragon 5 Oct \ on: what a collapse of the 'West' might actually look like FiresidePhilosophy
Gradually then Suddenly is one way a to look at it... and a lot of people think it's going to be similar to Weimar. Interest rates and the monetary supply won't just go in the same direction until it's unsustainable... They'll go up and down and up and down until we crash and burn. Each time we print money, we'll over correct with higher interest rates, then we'll over correct with more money printing, then even higher interest rates, then even more printing... At first it'll be boiling the frog, then it'll be an exponential nightmare. At least, that's one theory. Definitely seems like we're in the frog boiling stage rn.
does feel like the boil stage, i don't think somewhere like the US could go full Weimar tho as they can still get hard commodities for the fiat dollar.
eu could be in more of a shaky position a-la Grecce when it was on the brink.
but really, how many more big prints and could people start using btc as a reserve asset before that happens?
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