Money is one of the base layer for our society and its broken. Until we fix it we will continue to suffer from second and third order effects.
One needs to be aware and paying attention to see it, this is not taught at school and most corporate media won't talk about it.
Bitcoin and the decentralized movement are our best bet.
Some of you may not know but our current financial system started in 1971 when the US president Nixon announced to the world that the dollar would no longer be backed by gold.
This was the end of the "Gold Standard" and the beginning of a "Fiat standard".
Since that day a number of problems started arising, first slowly but growing exponentially.
Use the link below to find a detail report on everything that started to go wrong in 1971 up until today, which helps us realize that we need to go back to "Hard Money".
And Bitcoin is the "Hardest Money" there will ever be.
Our current system has lead us to a place where personal debt around the world is at an "All Time High" (ATH).
Corporate Debt is at an ATH as well.
And so is the Sovereign Debt (Countries owing money to each other).
The system cannot keep going like this as the interests of all this debt grows quicker than what we can repay it. We are reaching the breaking point.
The link below will show you a real time debt clock of every country so you can see this for yourself.
Because dollars aren't backed by anything and the national debts cannot be repaid. There is a risk that inflation will be used as a "Soft Default".
By adding more and more money to the circulating supply, which has increased at an unprecedented pace since 1971. Then the debts itself would lose value as the currency that it is used to repay them does.
The problem here is that it will lead to massive financial inequality between those who own assets and those who don't.
Inflation literally makes the rich richer and the poor poorer.
80% of dollars in circulation where issued in the last 2 years
Our entire financial system has been built upon the notion that things will grow forever, stocks, houses, commodities and assets (prices goes up).
At the same time, technology makes everything cheaper, faster and more efficient (prices go down).
This two facts contradict each other and create tension.
Technology drives all cost towards 0. But companies need more profits to satisfy investors and stakeholders.
The problem gets worse when people see their assets go up in price, they then proceed to leverage them under the assumption they will continue to rise forever.
This fills the system with systemic risk, and when faced upon a crisis and a slow trend in market prices, everything crumbles down like a house of cards.
In order to avoid runaway inflation governments around the world may opt to subtract money from the system instead of adding more.
Even though this would help, it would also cause another set of problems.
as we explained in the previous step, EGO are everywhere in our current system. Subtracting money would cause a significant downward pressures on the markets.
This would cause all the risk that has been accumulating to unfold causing spiral knock on effects that would reverberate throughout the entire world causing massive pain.
We seem to be stuck between Runaway Inflation and Risks of recession. This is the catch 22 of our time.
The world is becoming more and more centralized, meaning power resides in fewer and fewer hands.
This increases the risks of these powers could be seized and used for the few to profit from the many.
Every one of our institutions are failing. they don't seem to be interested in fixing the problems or helping us, but rather seeking to profit at our expense.
as you can see most of our problems today stem from the flawed financial system in which we have built everything.
For the first time in human history we have a way to opt out, create our own free infrastructure.
And emancipate ourselves from the craziness around us.
Bitcoin is the best way of future-proofing ourselves from what is coming.
There will only be 21 Million Bitcoins, not a single one more than that could ever be created.
No single entity or group of people can take over the network.
Bitcoin is run by thousands of computers across the world and grows every day.
Nothing can stop a Bitcoin transaction from going through.
It is borderless
If you hold your coins properly, and keep your private keys safe.
Then you don't need to trust a Bank or a Government to hold your funds for you.
Bitcoin means, whatever you earned, you get to keep forever!
I know this is a lot to take in
Don't worry if you can't wrap your head about it all at once, these are all very difficult subjects and it will take time for everything to click.
The important thing is that you've started the journey of understanding what is going on around you. The problems, risks and possible solutions.
Hopefully you will also see why so many of us are so excited with the ide of building a world on Bitcoin.
This journey that you've now started must continue, there is no school or curriculum you can follow. You need to take your education into your own hands, no one else can do it for you.
I'll help in whatever way I can, but ultimately it is up to every individual, the internet is full of information available for free. I'm doing my best of presenting it in a clear and easy to understand way, but there is much more out there for those who venture out.
Feel free to contact me if you have any questions, suggestions or if you just want to talk. You can also check out the resources and lectures for more information.
This new technologies are hard to get around, and I am doing my best to make them digestible for everyone.
Still I found that actual conversations are the best way to make this happen.
For this reason I offer my time to whoever wishes to learn, use the link below to book a FREE meeting with me.
Physical if you live in Sydney or online for everyone else.
No time limit, ask me any question and doubt, get help setting up wallets and understanding security.
Everything you need, I'm here for you. WE ARE BITCOIN!
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