Wednesday, November 30, 2022

Is Collapse of FTX a Faster Version of Fiat Currency Collapse?

Must Read

Here is analysis that makes that case that collapse of the FTX exchange and the FTT token ponzi is a faster version of what will happen to the japanese Yen and the UK Pound.

Here is some data about external debt. The foreign debt (not in domestic currency) is what can be greater than the foreign currency reserves of a country.

Under normal situations, if the external debt is held by another country that does not want to cause a cascade of failures then the countries would work together to prevent the collapse. The countries are generating real value and returns so it is possible for nations to stave off a complete FTX style collapse.

FTX revenues were all tied to the transaction fees from operating a top-level crypto exchange. The earning power collapsed at the same time as the bank run and the token collapse.

Countries have had currency and financial failures. There is Germany before WW2 and various South American and other countries.

Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.

Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.

A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts.  He is open to public speaking and advising engagements.

Read More

- Advertisement -spot_imgspot_imgspot_img
- Advertisement -spot_imgspot_imgspot_imgspot_img
Latest News

Seahawks’ Darrell Taylor ran off sideline onto field to block after interception, refs didn’t notice

Seahawks linebacker Darrell Taylor committed one of the weirdest penalties you’ll ever see in an NFL game on Sunday...
- Advertisement -spot_img

More Articles Like This

- Advertisement -spot_imgspot_imgspot_imgspot_img
Verified by MonsterInsights