Actually in my view in this particular case I don't see the financial system or government as responsible for this but the people. The fallacy came from everyone thinking money could be free. So if everyone had collectively decided to throw government money to the trash, even if the government had printed money, I wouldn't have bought Bitcoin. I bought it because I was the only one in my circle throwing "money" to the trash. For pretty much every other cases I can think of since 1973, I agree with you as well, the financial system is a total fallacy.