I dont' like what I am seeing

 

https://vt.tiktok.com/ZSkw1jJsW/

So, here is the problem. 

Under Trump & his push to approve The Genius Act into law in the USA all other countries will also befriend CBDCs & StableCoins. That includes M'sia (and the other commodity producing nations) because the largest buyers of our products will want to pay us this way & the fact that The US govt is backing stable digital coins and crypto makes that easier to swallow. Anwar has also been cozying up to Binance ( according to the news) to introduce digital payments into our malaysian capital markets.

Ok...all good so far....though i still get warning flashes of the past in my head. I still remember reading & hearing from my elders of a time in late 1946 when the Japanese after taking over Malaya from the cowardly Brits who ran like dogs with tail between their legs (after their supposedly intelligence warned them the Japs would attack from Singapore but actually landed in Kerteh,Terengganu and used bicycles to hit the Brits down south from the hinterland) took over every resource available including human labor without mercy.

My specific point is about the time the japanese forced every citizen of Malaya to surrender their hard earned Straits Settlement dollars for newly printed Japanese Banana dollars. Unfortunately, 4 years later once the Japanese were vanguished by the Americans, this cash became worthless and useless over night.

I fear same repeat of such situations... if digital coins eventually is seen as the primary cause of imported future hyper inflation in third world countries around the world...which includes M'sia and the US govt is forced to capitulate (from backing stable coins with real US gold and Fed issued dollars) what happens to all those who hold those cryptodollars?

You see, we have to ask ourselves What happens to the value of the actual Fed issued dollar once the actual Total revolving Dollar LIQUIDITY  + Digital stable coins exceeds current revolving dollar liquidity (ie M0 is currently USd 8 trillion) but manufacturing, goods and products, commodities, services  worldwide remain at current level.

That simply means more money chasing lesser products...worldwide.

Anybody seen hyperinflation effects lately? 

Try going to Switzerland or Turkey & buy a loaf of bread there.