People Are Waking Up To Bitcoin As Economies Worldwide Create A “Black Hole” Of Debt

People Are Waking Up To Bitcoin As Economies Worldwide Create A “Black Hole” Of Debt

The Central Banks have been running the show for years now, and have continued to prove to us that they are incompetent at creating a stable and successful economy on a global scale.

They hide behind closed doors, making their own rules and as we have seen recently, print ludicrous amounts of money, that we as a society receive the backlash for.

Economies Failing

On Friday 12th June 2020, the US Federal Reserve announced that they would not be raising interest rates until at least the end of 2022. This means that term bank deposits are dead until at least 2025.

Australia has not long declared that they are in a recession, and on top of that have announced that the Australian economy could fall by a further 6.3 percent as a result of the Covid-19 pandemic and their way in which it was handled from an economic perspective. Again we come back to the ludicrous amount of money that was printed.

Property markets are too declining rapidly as we are now facing a recession economy. It has been reported in Australia that Millionaires, specifically in the Sydney region are rushing to sell their million dollar mansions.

Central Banks –  Creating Inescapable Debt and Decline

Jeff Booth, Author of “The Price of Tomorrow: Why Deflation is the Key to an Abundant Future” unravels in great detail the complex current monetary policies which are used by the central banks that are keeping the economies in a constant spiral of inevitable debt and serious decline.

In his book Booth recognises that the “inequality, polarization, and uprisings: predictable second and third order effects of technology, contends that the search for sound money amongst the ongoing financial decay and debt fueling a inoperative system, is the main cause driving the popularity of Bitcoin (BTC).

In a recent Twitter post, Booth explains;

“We are told we need inflation. This is not true. It only seems true because the rules of the game were designed that way.

An inflationary environment that was manufactured by central banks – and they were caught in it, they didn’t see a way out. So, instead of facing new facts – That technology brings efficiency and allows prices to fall – they ‘doubled down’ on inflation.

Debt itself is deflationary because of taxes that need to go up in the future to pay for demand that was pulled forward through debt. And higher taxes – means jobs. The following is a snapshot of what is happening.”

Booth goes on to explain;

“Need inflation – Drive growth at all costs > Lower interest rates > debt binge (pulling demand forward) >distort rules of capitalism when debt cant be repaid by bail outs and CB intervention concentration wealth in hands of very few >leading to massive inequality/social unrest.

While technology advances and takes jobs anyways > leading to extreme political views > leading to divisive leaders > with cycle repeating until currency crisis, revolutions and wars with 99% of the people blissfully unaware of what caused it in the first place.

A structural change where an inflationary monetary policy cannot work because the technology today is so powerful in bringing prices down. – And it has only just started – most of the deflation is in front of us.

So we are all caught in a system where we cannot see why deflation might be a fantastic thing. Deflation = value of our money going up in relation to goods and services. And doesn’t that mean that we could step off the insanity of a broken system.

We might see things that we couldn’t see before. For instance, because prices are designed to always go up through inflation (and are manipulated to do so) many spend most of their time trying to consolidate enough money or things so they can ‘safely’ retire or work less.

Caught in a believable lie – and on a treadmill that is designed to move ever faster > making it harder to keep up > robbing them of what is more valuable their time. We might design differently – we just might design for deflation and celebrate it because it means we are getting more for less.

Then we could accept the neutral benefits of advancing technological progress > and the benefits of technology would be more distributed widely > i.e. – if technologies destroyed more jobs than were gained > prices would fall along that natural path = less people left out.

Governments would need to agree on a common unit of value for currencies (that could not be manipulated) > which would lead to debt restructuring and losses as the current system cleanses the excesses > which would cause a global depression.

As a warped framework of growth for the sake of growth and manipulated markets is exposed. Different winners/different losers. (The reason policy makers keep changing rules to pretend they’re still in control, and use their currencies as weapons to gain an advantage in trade).

The changing of the rules and an understanding of why sound money is critical for society is what is driving Bitcoin adoption. It is early still but people are starting to wake up to the fact that their currencies are rigged – and will eventually break.

In the end, Deflation is inevitable – The only question is: does society need to go through currency crisis’s revolutions and wars to see it. I hope not but time is running out. “

Leave A Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.