Everything is going to zero, compared to bitcoin - Max Keiser
I disagree!
But really, it is just semantics.
Or are they?
All the old assets are going to zero
… but not because of bitcoin.
Real estate is dooomed
The large McMansion, suburb housing is the worst thing for families. And this will become apparent as we start building homes for communities, instead of separate "nuclear families". All those suburban homes that have been built, are going to be abandoned.
All those commercial buildings, where you had to go to work, people are not going back. Work from home or nothing. Tons of wasted energy. These too will be left empty.
The Real estate market is doomed, and we haven't even talked about the boomer disinvestment coming.
Suburban houses are going to zero. (even without bitcoin)
The stock market is doomed
There has been enough written about it. Even state legislation. That stock in the "stock market" doesn't exist. Not to me, not to you. If you had your broker by you some shares of Dizney, you, legally, do not own anything. If you take your broker to court, the best you will do is get your money back. They don't have the stock.
Soon, people will realize this, and so the stock market will close, and then reopen, probably with Reggie Middletons' Veritaseum running things on the block chain.
However, there will be a time when no one knows what they own. And after that, all the big, multinational corporations are going to turn to dust. So, the stock market is going to zero, past zero even. Even without bitcoin.
Gold and the dollar are different?
These "assets" are weird.
And it all has to do with what is currently considered money.
What the people you are trading with are willing to take in trade is WHAT IS MONEY. Everything else isn't, no matter what monetary theory says.
In certain ghettos, bit bottles of Tide are traded like $20 notes.
In many prisons, postage stamps are the unit of trade.
In most of the world, The US dollar is what is accepted and used.
Long ago, in most of the northern countries, gold was the monetary unit of trade.
In the future, The US dollar goes to zero. All fiat currencies have. However, the most important thing for a fiat dying is that there is something else that everyone switches to. Currently bitcoin isn't big enough. The BRICS aren't big enough. Nothing compares in size with The US dollar.
However, The US dollar is being inflated into oblivion, and so we are left in a really weird place. Usually, all the "assets" will be moved into a new currency. The new money, whatever it is, sees a flood of movement into it.
The amount of movement i have seen, has barely (only 100%) moved bitcoin, and marginally moved gold. This is strange when all the metrics are showing that we should have had a 10x move. So, we can assume manipulation in gold and bitcoin prices.
The prices, the measuring stick we use to measure things, is not working. And so, it is really hard to see that The Dollar is going to zero really quick.
Still, the big thing is, what will people use as money? If people start using cryptos for payments (to where we see it everywhere) then it will be all over for the dollar.
Food is not going to zero
Some people would say "Real assets" never go to zero. Meaning, things like real estate and gold. Things you can touch will always be valuable.
But, is that true?
Is a pile of stones valuable? Maybe. If you need some stones. But, your house being turned to rubble by a storm, it is almost the same as a pile of stones, but is it valuable?
It is only valuable if people (lots of them) need it, and it is in limited supply.
Suburban real estate will not be valuable, because it will be in great supply, and no one will want to live there. Gold will be found to be in huge supply, much more that jewellers could use in a hundred years, so if "monetary" investment ends, then gold will also be worthless.
So, we need something that is real, and necessary, and everyone wants. (All the old assets are going to fail these requirements)
The food supply is being broken, and poisoned. The prices of food are being jacked up. (Not just because of inputs are going up in price, but many corporations are raising their prices just because, "for future inflation".)
So, if you want good food, you are going to have to make plans. Plans that do not include the grocery store in the future.
Food is going to become super important.
Like, i am unsure if apples will be priced in bitcoin, or bitcoin will be priced in apples.
I believe the price of food will become very stable in bitcoin terms. Not go to zero, but go to a certain amount of satoshis. While everything else continues to fall.
To me, it is not that "everything is going to zero, relative to bitcoin" it is more that the old assets are turning to dust.
Everything that the banskters touch is not turning to gold (unless you view gold as a worthless, shiny, yellow, metal) but turning to ash. All that they covet. All that they surrounded themselves with. Will be worthless. Of no value to anyone else.
Bitcoin is not responsible for this disintegration. However, bitcoin may have come about by the same forces that are destroying the old, and bringing in the new.
All the "financial assets" are going to zero. (all by themselves) And bitcoin is going up in value, because it is part of the new paradigm.
Stocks wont die anyway, they might become tokenized one day but thats all
Stocks will die.
The corporation, which they are built upon, will go away. The corporation, allowing the corpse to act like it is alive is evil. Allowing a group to hide behind it, externalizing costs and internalizing profits is evil.
A business will be seen as too important to sell, in parts, on the open market, to random buyers.
You can't serve the customers and the share holders at the same time.
Within 50 years, all the big corporations will be gone.
The entire concept of stocks, corporations and a stock market will go away.
Of course, that is over 50 years, and in between now and then, we will tokenize, NFT, the stock market.
I've been thinking that traditional corporations will eventually be replaced by decentralized autonomous organizations.
New infrastructure, based on crypto tokenomics, needs to be built from the ground-up, or at least restructured (like Amazon and Google data centers being split up and tokenized).