MachuPikacchu on Nostr: The fiat system is becoming more fragile. In the US if you want to apply for any form ...

The fiat system is becoming more fragile. In the US if you want to apply for any form of credit you just provide a dozen pieces of information about you and get approved or denied.

All that information for every person in the US becoming public over time. The amount of fraud in the system is only increasing. Bail outs will increase. Ultimately the currency will absorb all of that.

quoting
note1w02…867d

Up to 2.9 Billion Records Stolen in a Hack of a US Background Check Company

The exposed data for potentially hundreds of millions of people includes full names, Social Security numbers, current and past addresses, and information about relatives, including deceased family members.

https://www.nobsbitcoin.com/up-to-2-9-billion-records-stolen-in-a-hack-of-a-us-background-check-company/