Too many people are just down on fiat without truly understanding it. The USD is one of the safest things in the world. It is not going to collapse since the likely move is to the upside. It is simple supply/demand. With all the debt out there denominated in USD, we are going to see great demand for it.

As for the banking system, I think the activity is simply going to be moved to blockchain/cryptocurrency. What will this do for the energy consumption? Hard to tell but I would think as the activity within the banking system declines, the usage will follow. A local bank that I had a safety deposit box is closing that branch.

This is something we see across the US. I can only presume it is taking place in other countries.

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