Hope you are truly right about all you say about this. , but a poor schmuck like me find it dubious that many of the scams, extortion, ransom deals are channeled to the parallel monetary system, is it not because it is not easily traceable through layers of "wallet" sites? only accessible through coded passwords?
The vast majority of crime and fraud happens using USD. Most crypto is trackable and provides law enforcement with new tools.
banks give out stolen money with a colouring bomb attached.
I think that's more in movies. The real criminal use of USD will be things like cartels moving shipments of drugs etc... and of course the major banks doing money laundering and other shenanigans.
Is it not true, that financial crisis were not triggered by honest people working to much or little, but by speculation and manipulation of artificial monetary concepts and vehicles, that have only tenuous connection to reality?
Too many negatives in the sentence to try to make sense of it. The last banking crisis was caused by assets being misrepresented and a contagion of bad debt. The "solution" to all things for banks and politicians is to inflate currency so it becomes worthless, because it makes their debts less and steals from savers ... money that they otherwise can't touch.
True, that China has produced a lot of junk, piling up in our landfills, ut they also have produced value for many of their suffering people.
hopefully their aggression can be contained.
Hear, hear