That's why memes are making bank. Anyone who got some more substantial reserves and more than two brain cells is getting their hands on anything but dollars. I'm not that savvy in finance, so I ask : will this incoming shitstorm top the petrol shocks in the 70's or, God help us, the '29 crash ?
What's coming isn't a '29 crash. Its a complete destruction of the system.
Both the GA and the Great Reset rely on this destruction of the system.
It's coming, and it's gonna be epic.
Having said that, the destruction of the system might be more of a smooth(ish) transition to a new one than a full on economic apocalypse. Or it might be somewhere in between (my guess/hope?). We shall see.
Economic change is coming, no matter how you slice it, on a scale that those who have not done a serious deep dive can't really imagine. When this is over, nothing will look the way it has looked for the past 150 years. It will be completely different.
People are waking up to all of the things I listed above and no cataclysmic event is happening. Don't get me wrong, people are dying, but its not an "apocalypse" in the sense of destruction but an apocalypse in its original meaning: to uncover, to disclose, to reveal. We are experiencing the apocalypse right now. It is a revelation, not destruction.
Whether or not the economic apocalypse occurs as a cataclysm or a revelation is determined by what it takes for people to see the reality of the current system. If it takes a destruction, then that's what it will take. If it takes just the information getting out, then that also will be an economic apocalypse, i.e. a revelation.
When people see the real issue, they will demand change. The changes are already in the works. GME is creating an asset backed crypto. I believe that is the obvious path out of this mess. It takes all the benefits of Btc and backs it with an asset. It's value then isn't based on the amount of faith that backs it, but the real value of the asset. This creates a stable economy, especially if many of our real assets are put into crypto form, with an infrastructure to trade between the crypto asset and the real asset. This is done almost trivially with the entire stock market at this point. It's also done trivially with precious metals. All of the infrastructure for both of those are in place, or mostly in place. For other assets, similar systems could be set up, for a true barter system.
This means no one can "horde all the gold" and ruin the economy. Because even if there is an intermediary for exchange upon which the economy is based, with crypto barter, it doesn't matter if someone has it all, because the rest of the system transitions trivially to immediate trade of other assets. All that's required is a marketplace large enough to find people that want the trades (barter) that you want that would bypass the intermediary.
With a truly motivated world understanding the real problem, we could have it all fixed (or fixed enough) within a week or two.
Can you tell me more about asset backed crypto’s? Like what kind of assets are we talking about? Stocks? Real Estate? I’d really like to hear how crypto could be backed by a property.
It's looking like DeFi-based systems of finance are definitely in the works. Hopefully they pan out. If people move to those new systems en-masse then there's nothing TPTB will be able to do. The transition would be chaotic, but an honest system without parasites would start flourishing pretty quickly.
That's why memes are making bank. Anyone who got some more substantial reserves and more than two brain cells is getting their hands on anything but dollars. I'm not that savvy in finance, so I ask : will this incoming shitstorm top the petrol shocks in the 70's or, God help us, the '29 crash ?
What's coming isn't a '29 crash. Its a complete destruction of the system.
Both the GA and the Great Reset rely on this destruction of the system.
It's coming, and it's gonna be epic.
Having said that, the destruction of the system might be more of a smooth(ish) transition to a new one than a full on economic apocalypse. Or it might be somewhere in between (my guess/hope?). We shall see.
Economic change is coming, no matter how you slice it, on a scale that those who have not done a serious deep dive can't really imagine. When this is over, nothing will look the way it has looked for the past 150 years. It will be completely different.
I’m a Wall Street fag and I don’t see how it could be smooth to get off of the current system.
People are waking up to all of the things I listed above and no cataclysmic event is happening. Don't get me wrong, people are dying, but its not an "apocalypse" in the sense of destruction but an apocalypse in its original meaning: to uncover, to disclose, to reveal. We are experiencing the apocalypse right now. It is a revelation, not destruction.
Whether or not the economic apocalypse occurs as a cataclysm or a revelation is determined by what it takes for people to see the reality of the current system. If it takes a destruction, then that's what it will take. If it takes just the information getting out, then that also will be an economic apocalypse, i.e. a revelation.
When people see the real issue, they will demand change. The changes are already in the works. GME is creating an asset backed crypto. I believe that is the obvious path out of this mess. It takes all the benefits of Btc and backs it with an asset. It's value then isn't based on the amount of faith that backs it, but the real value of the asset. This creates a stable economy, especially if many of our real assets are put into crypto form, with an infrastructure to trade between the crypto asset and the real asset. This is done almost trivially with the entire stock market at this point. It's also done trivially with precious metals. All of the infrastructure for both of those are in place, or mostly in place. For other assets, similar systems could be set up, for a true barter system.
This means no one can "horde all the gold" and ruin the economy. Because even if there is an intermediary for exchange upon which the economy is based, with crypto barter, it doesn't matter if someone has it all, because the rest of the system transitions trivially to immediate trade of other assets. All that's required is a marketplace large enough to find people that want the trades (barter) that you want that would bypass the intermediary.
With a truly motivated world understanding the real problem, we could have it all fixed (or fixed enough) within a week or two.
Can you tell me more about asset backed crypto’s? Like what kind of assets are we talking about? Stocks? Real Estate? I’d really like to hear how crypto could be backed by a property.
It's looking like DeFi-based systems of finance are definitely in the works. Hopefully they pan out. If people move to those new systems en-masse then there's nothing TPTB will be able to do. The transition would be chaotic, but an honest system without parasites would start flourishing pretty quickly.