Cryptocurrencies have transitioned from mere speculative instruments to indicators of larger trends. Pinning down the exact moment is tricky, but it seems the pandemic era was a turning point when digital currencies evolved beyond just being speculative assets, signaling deeper changes in the global economic fabric.
The underlying cause of this dramatic shift is centralization, a factor long in the making. If you're interested in cryptocurrency valuations in terms of traditional currencies, this topic will captivate you.
Is there a way to profit from the downfall of the Western financial world?
Simple – cryptocurrencies!
This is not merely about luxury cars or dream villas; we're at the dawn of a societal transformation that will redefine how we perceive our world and how humanity evolves globally.
Why AI Isn't The Game-Changer We Thought – The True Shift Lies In The End Of Inexpensive Labor
AI's importance is overblown since the narrative of productivity was a façade.
Consult an economist about today's Western economy, and they will likely emphasize productivity. It's all nonsense. Over the recent decades, the world economy relied heavily on low-cost labor and relatively affordable energy from regions like the global South and East Asia. It's a straightforward formula.
Consumers in the West managed to maintain their lifestyle far longer than conceivable due to cost-effective imports and cheap energy supplies. The modern Western society drifted away from production, banking on economical labor from countries like China, Vietnam, and Indonesia to support the USD, EUR, and GBP.
The advent of accessible AI technologies (yes, even you, ChatGPT) doesn't quite shake things up as expected because it merely skims the surface of real industries. It won't reduce baseline labor costs (it's already at rock-bottom globally), won't address maritime shipping safety concerns (just ask those navigating areas near hostile forces), and won't reform the deeply corrupt oligarchies embedded within global powers.
Today, people fail to realize how centralized networks established post-European Renaissance fostered the most significant social pivot in history. Centralized governance complicates basic survival because these planners attempt to manage systems beyond any one's grasp, even with tools like ChatGPT.
Centralization is dangerous!
Chairman Mao’s war on sparrows was meant to elevate crop yields, but disastrously backfired. Tens of millions perished due to diminished agriculture following Mao's ill-fated decision.
Centralization breeds dangerous thinkers!
In ancient times, currency was synonymous with gold, decentralized in its widely agreed value. It was universally accepted for trade, independent of any centralized decrees.
Gold's value was immune to the whims of leaders like Mao – it was, unalterably, money.
Central powers couldn't influence gold's intrinsic value. Today, however, centralized banks control Western currencies, causing their value to erode.
The Finest Attire is Being Torn Apart
Sorry to disappoint all the HODL believers — PEPE and other memecoins lack enchantment. Even Bitcoin, despite its success as a concept, isn't revolutionary. It’s a fantastic premise, nothing more. The likes of memecoins, valued at billions today, remain restrained like Bitcoin by their limited supply.
The actual concern lies within the global socioeconomic structure's instability. The Western monetary framework is unraveling, circumvented only by accumulating unprecedented debt. This phenomenon predicts Bitcoin's eventual steep rise to values such as $500,000 USD or even way beyond.
Indeed, Bitcoin might touch $5,000,000 or go further.
Choose a number you like!
Cryptocurrency valuations rise – yes, even PEPE – because the US develops $1 trillion in debt every 100 days, a figure set to increase, replicating across the Western hemisphere.
Inflation will aggressively impact monetary regions like the US, EU, and UK as unimaginable debt floods a stagnating global economy. Today, mitigating currency impact through cheap labor isn't feasible. Furthermore, future cost-effectiveness of shipping from East Asia is uncertain.
The once seamless global economy fashioned post-WW2 is unraveling – a costly predicament!
The Term 'Existential' Translates To Survival
Put simply, an existential crisis ponders existential survival — asking '...do we face impending doom?'
After all, cessation is inevitable, with death rates (excess mortality) climbing higher.
We must assess what might endure in upcoming decades. The US dollar, as a reservoir of value, is finished. It may still facilitate transactions until businesses shift to stable currencies like PEPE or CUMMIES.
The notion of global reliance on CBDCs backed by Russia and China is ludicrous. While citizens in these nations might be coerced into using it, such compulsion isn't novel. Just ask someone from China about Mao’s sparrow debacle.
Unfortunately, inquiries can't be made due to centralization's dangers. The CCP won't discuss Mao's disaster, just as global regimes avoid conversations about rising mortality or vaccine-related deaths.
We question whether voicing concerns over imminent inflation or currency collapse may become illegal. If so, lethal consequences could follow. As aptly stated by a celebrated leader (not North Korea’s), 'Repressing peaceful reform breeds inevitable violent uprisings.'
https://www.oxfordreference.co
Back then, the USA adhered to the gold standard (locked at $35 per troy ounce).
