It matters a LOT. If we go cashless, the powers that be will be able to track everything we purchase. It makes it easier for them to tax, fee, and fine us. It aligns with their upcoming social credit system. We disobey some minor point of their political correctness and our 'credit' dollars could start to vanish. Try to pay for a train or plane and we have a low social credit score? They'll block the ticket purchase. That's fine--we'll just pay in cash. Ooops! No more cash.
Like you, I am old and I'm also a pessimist because this stuff is coming no matter how loudly I shout out and warn the world. The world is sleepwalking in obeisance toward tyranny.
What does this have to do with UVXY? A lot. As pessimists we expect the market to snap back to reality. It should, but it never does. So we try to flip it in such because we also know reality has been put on its ear--at least temporarily. Who knows how long this temporary condition will last?
The great reset means impoverishment to most Americans and the further enrichment of the 1 percent. That schism is intentional. The Fed and the rulers know that poor people are just scrambling to survive and won't question things such as their own enslavement.
What will make UVXY go up? A collapse in the S&P. That will happen due to deflation. People will need to raise cash and they'll dump their stocks and 401ks to get it. That happens when there are no jobs and people can't pay their mortgages. it should be happening already, but the Fed is backstopping everything with their liquidity injections. How long can they keep doing that? The can kicking will continue until someone kicks the Fed's can. I don't see that happening. The billionaires have made sure that their corrupt crony capitalist system remains in place.
Meanwhile, I will continue to flip UVXY...because after all, I'm a pessimist. Things can still go wrong even for the bad guys!
A nation of sheep will beget a government of wolves. — Edward R. Murrow
