Today I would like to discuss the current situation with currency. The American dollar seems to be becoming weaker each year. The debt of the United States is increasing at a scary rate. Auto loans are at all times highs along with credit cards, and companys keep throwing more credit lines around in an attempt to recover their money.
In recent years cryptocurrency has exploded with growth and is projected to increase at an incredible rate.
I believe that in the next two years the world economy will have a correction that made The Great Depression look weak. I believe wall street will plummet to all time lows and defaults on debt will be mainstream. Even China is starting to create debt the same way the United States is.
Is any of this sustainable? Would cryptocurrency benefit from a 'regular' market crash. Would this be the push the world needs to create a more sustainable way of living?