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Comment by NotSammyHagar | Hacker News Reader

Why is it smart to do this? Bitcoin took a dive earlier in the pandemic. Why would it be counter "the world is crashing" now?

The us is still the world's reserve currency. If the us keeps circling the drain economically and financially and especially politically, we have so much power and raw capability to come back. The big problem is covid-19, where the world can leave us behind as we slowly kill ourselves off. Hmm, I'm almost convincing myself that even us $ could eventually not last. So, I'll just take one of those job offers on hacker news that says we'll get you a visa to come to Amsterdam?

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>Hmm, I'm almost convincing myself that even us $ could eventually not last. So, I'll just take one of those job offers on hacker news that says we'll get you a visa to come to Amsterdam?

You realize that the world economy is inexorably linked to the US right? If there was such a devastating crash what makes you think the Eurozone would be stable? The UK left the EU and France nearly did, a massive wave of unrest could easily break the union up and the euro would be worse off than the dollar.

The thing europe has is that covid-19 is under far more control. I don't see the us getting over our idiocy against masks and basic health care choices for a year, we'll need a lot more deaths to convince people. and some people will never get over it. A vaccine isn't coming that quickly either.

Agreed but that's also reason for the EU to continue blocking entry to Americans so that doesn't seem likely to change.

I can shelter in place for 14 days to get safe.

You say inexoribly linked, but I'm certainly willing to bet by the end of my lifetime the US will not even be in the #2 spot globally. Why can't the USD collapse? Lots of things that were unthinkable 6 months ago are common opinion today.

>by the end of my lifetime the US will not even be in the #2 spot globally

Not sure this says what you think. Simple GDP growth math has India and China passing the US in a few decades so that's not even controversial. If you are suggesting some major calamity/collapse in the US that somehow doesn't impact the rest of the world, I would find that highly unlikely.

The US certainly doesn’t act like it will eventually not hold all the economic cards at the table, as long as I can remember.

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