So taking out a loan is like shorting the currency itself! We take out a loan, buy collateral with it (car/house/business/crypto) and then when the currency collapses we owe back practically nothing but we get to keep the collateral (NFT).
This is the second time(probably not the second and definitely not the last) you're hinting at "borrowing" and how healthy it is if you do it right... Are you teaching us so much? Fuck, Hive just makes a great hub of information...
There I was like what? I guess people never stopped to dig deep into why the USD is called the strongest currency. Basically, the USD resists this because at times where other countries experience inflation and hyperinflation, they tend to see the USD as some typa shield, it's pretty simple, it explains why they are more USD coming into Nigerian but none is entering the foreign exchange markets.
I'd love to turn that printer off tho, haha...
The USD is strong because it is backed by the largest, most diverse economy, never had the currency canceled, is tied to the most advanced banking system, and had bonds that are the most pristine form of collateral.
When people talk about the USD losing its status, my question is what are people going to opt for? What other currency will the international community trust?
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