Economics is a very boring subject. The folks that stick it out in school are the ones running the world. They count on you finding it boring and the media usually ignores it too. We share what’s going on here.
Next month, when finance ministers and central bank governors from more than 180 countries gather in Washington, DC, for the annual meetings of the International Monetary Fund and the World Bank, they will confront a global economic order under increasing strain. Having failed to deliver the inclusive economic prosperity of which it is capable, that order is subject to growing doubts – and mounting challenges. Barring a course correction, the risks that today’s order will yield to a world economic non-order will only intensify.
The current international economic order, spearheaded by the United States and its allies in the wake of World War II, is underpinned by multilateral institutions, including the IMF and the World Bank. These institutions were designed to crystallize member countries’ obligations, and they embodied a set of best economic-policy practices that evolved into what became known as the “Washington Consensus.” Read more herehere
Isn’t Bitcoin kind of like owning paper gold, or a regular savings acct. You get a piece of paper every month that says you have $$$ in your Bitcoin wallet, savings acct. or gold storage. What happens when the power goes out (EMP, solar or nuke)? How do you retrieve your assets? When the SHTF simple things like copper scrap, aluminum, brass, lead, tin, Sulphur, salt, food stuffs, water filters, matches/fire starter materials, sanitation, shelter, safety/security, SURVIVAL/HUNTING SKILLS and KNOWLEDGE (Hat tip to this site) will be the new essential assets to basic life requirements. The large cities around the world will be absolute HELL on Earth in just a few hours. Then the migrations to “safer ground” (historically the mountains) begin. Mass exodus like never before seen. IMHO it is inevitable, we cannot do enough to prepare for it. The Government will not be able/available to bail anyone out. Tribalism will rule. Be proactive, get to know your neighbors better. Thanks for the EXCELLENT post Knowledge Dude.