Is a Black Swan Event Leading Us to a Full Crypto Transition?

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wolf_protoSenior Member
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#1Jul 10, 2021, 10:23 AM
A lot of people don't realize there's a plan for a black swan event and shutting down Comex. Once that happens, gold prices could be set by exchanges in China or Moscow. And then what? They'll tokenize everything and shift to crypto. The old financial system won't just bounce back like before. This black swan situation might involve cutting cables underwater to take Comex offline. CME in Chicago is tied to our entire western financial network, so there could be global network failures. If that happens, the only option left is for the world to rely on exchanges in China or Russia to settle prices. Definitely not cool for the dollar, and we won’t even get into that. People need to pay attention to this because it could change everything.
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#2Jul 11, 2021, 07:01 PM
That sounds a bit extreme, don’t you think? Cutting undersea cables? Really? Plus, why would China or Russia take over? But hey, I can see how a shift to crypto might happen if the old system fails. It’s just crazy to think about.
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#3Jul 11, 2021, 08:20 PM
+1 to this. The whole system is so fragile, it wouldn’t take much to trigger this shift. Just look at how quickly things can spiral out of control. But I need to see some proof or more details about this black swan plan.
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#4Jul 12, 2021, 08:48 PM
I think it’s unlikely, honestly. There’s too much at stake for those in power to let it happen that way. They’ll find a way to patch things up.
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#5Jul 13, 2021, 01:49 AM
Idk man, it’s not like we can trust the current system. If it crashes, crypto might be our only way out.
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#6Jul 13, 2021, 04:42 AM
Exactly. If you look at history, major financial collapses often lead to new systems emerging. Crypto could be the answer, especially if traditional institutions fail.
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