The blockchain will ultimately destroy the American economy.  More and more foreign banks are using this new technology to facilitate international trade.  They are sick of America's bullying.  Right now they still need to park billions of U.S. dollars in Wall Street custodial accounts.  When Honduras wants to trade a load of bananas for a tanker of Russian oil, they have to buy U.S. dollars and do the deal through their Wall Street custodial accounts. 

 

With blockchain technology, they can trade instantly using local pesos and rubles - no U.S. dollars required.  Foreign banks will not need U.S. dollars or Wall Street banks.  The U.S. Treasury will not have any customers for the glut of debt they issue every few weeks.  And foreign banks won't be fined for not complying with Wall Street rules.  They fined a French bank $9 billion dollars.  The French bank didn't break any French laws, they were fined for violating U.S. banking rules, which involve turning over confidential customer information to U.S. spy agencies. 

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