Let’s try to brainstorm this for a moment. What is the worst case scenario for stocks?
The COVID vaccine doesn’t work and we’re stuck in perpetual lockdown. Government keeps printing money until it becomes untenable and the dollar collapses. However, the dollar cannot collapse, since printing is being done worldwide, unless of course China becomes the new currency reserve, which will never happen since we own petrol-dollar trade.
Another worse case scenario is Biden era EPA crackdown, fucking companies with regulations. However, that might be offset by the immense funding in green initiatives, so does it really matter?
I think, and this goes without saying, the greatest risk to everything falling apart begins and ends with the dollar. The only way the dollar can lose dominance is via a lost war with a major power and/or the end of the petrol-dollar, which can happen if cars all move to EV and we figure out ways to heat our fucking homes with the sun. Once the dollar goes then the whole system collapses — but I doubt it’ll happen this decade — maybe in the 2030s.
The bottom line hedge in all this, naturally, is cryptos. Gold is ok, but is not communicable like BTC or ETH and it simply lacks sex. The bigger the boom in tech, the wealthier tech titans become, the more they buy cryptos — it really is that simple.If you enjoy the content at iBankCoin, please follow us on Twitter