RE: How will the petroyuan and the fall of the mighty dollar affect Steem?

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How will the petroyuan and the fall of the mighty dollar affect Steem?

in cryptocurrency •  7 years ago 

When Mexico suffered hyperinflation in the late 80s and early 90s (read were being bought cheap by the banksters) at a certain point they simply substituted a N for three zeros. Thus a 10,000 peso note became a 10N Peso note overnight. I don't know exactly what chicanery we will face in the coming hyperinflation but it will matter less than you would think. However, stores of value that are not attached at the hip to bankster manipulation will appear to gain greatly and maybe for no apparent reason. ( except precious metals which are totally manipulated) To my, completely unqualified, way of thinking cryptos that stay out of the banksters sights (i.e. not bitcoin) should do well in the coming years.

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Thank you,I hope you will be right!