<oembed><type>rich</type><version>1.0</version><title>Brisket wrote</title><author_name>Brisket (npub1jm…p6xcq)</author_name><author_url>https://yabu.me/npub1jmy8weweqzckna0amz7pn0uhhkxx693l7st23829ewmu43yvjsesfp6xcq</author_url><provider_name>njump</provider_name><provider_url>https://yabu.me</provider_url><html>This is how I interpreted it &amp; I&#39;m no expert to be sure. &#xA;&#xA;Velocity of money drops, liquidity rapidly drains from the market &amp; assets lose value overnight. The Fed doesn&#39;t jump in to save the market by pumping in liquidity. Things start breaking everywhere, banks start failing &amp; nobody can get their cash out.&#xA;&#xA;All fiat deposits &amp; income (except for a few chosen ones) disappear. &#xA;&#xA;Loans still require servicing which drains more fiat. Bankruptcies everywhere but nobody to buy the assets. Asset values drop further.&#xA;&#xA;A possible 6102 on gold &amp; bitcoin making both worthless in the short term. I think bitcoin would arise as a black market money to pay for goods but it&#39;s pretty useless for servicing loans &amp; land taxes.&#xA;&#xA;If you&#39;re a homesteading Bitcoiner, how do you pay your land tax &amp; mortgage with little income? If you can sell Bitcoin, it will be at an extreme discount.</html></oembed>