You talk about the dot com boom, mobile phones and social media as pivotal points in your analysis. I'm curious how you see those playing into the overall picture.
I certainly agree with you on the derivatives market and fractional banking, lack of reserves. This isn't a new topic and it's been talked about so many times over. But, I'm curious how crypto currencies affect these?
Is it because of the lack of the acceleration of spending in fiat? What about people moving money into crypto causes an imbalance in fiat markets? Technically the fiat market would be neutral, no? In order for money to go into crypto, someone has to be willing to sell and cash out for that same money, so it's a trade.
Can you go into a little more detail about how you see these various pieces playing together. Thanks!