$CZ
Sudden SpikeSnapshot Window: 2026-07-06 09:40 UTC · ← Back to Crypto Overview
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Creating a PRIVATE group for people to learn about crypto. We’ll talk about Crypto, favorite altcoins, memecoins, early calls, majors, other investing opportunities etc. Comment ‘YES’ if you want to join. I'll DM you the link.
Peter McCormack: What if everyone figured out the game and tried to short the currency at once? "Does it require peasants on the other side having their life debased to allow it to work?" Lyn Alden: "Pretty much. Yeah. The system is based on having people hold the currency in [Spoken audio]: Essentially two players to the game, if everybody understood how it worked and was trying to short the currency and long the assets, would that just have essentially crashed the system? Does it require peasants on the other side having their life debased to allow it to work? Pretty much, yeah. I mean, basically the money only works as long as people are holding it. And that's also why developing market currencies fail more quickly is it's hard of them to kind of maintain the system in a stable way. And there's not a lot of reason for them to want to hold the currency. They'd rather, you know, if they're going to own currency, they'd rather own dollars or pounds, not, you know, pesos. And so, entities don't want to hold the currency. And so it collapses quicker. But yeah, basically the system is based on having people hold the currency in the bonds while other people are literally shorting it and growing it by shorting it. Ironically, when you borrow money or when a bank lends money, it's creating more broad money. It's literally levering up the money. You're putting more broad currency units into the system. So by shorting it, you're also helping to grow the number of units and you're benefiting. And those that are unlevered, that are just earning that money or that are storing Some of that money in a savings account, they're the ones that'll...
