I've only ever lived in South Africa, sure I've travelled to other countries, but this has been my home for decades. When we're born, we have no choice over the country we find ourselves in or the rules that apply to us. Growing up here, if you know the history of our country, you'll know why I have always had a healthy distrust of the government.
The problem with sovereignty and nationalism is a lot of your life is tied to your nation of birth.
Do you ever ask yourself?
- Why the Zimbabweans never left after hyperinflation?
- Why the Venezuelans never left?
- Why the Germans never left the Weimar Republic?
- Why the Lebanese never left?
Yes, many did flee, but the vast majority stayed and not because they all believed in some arbitrary borders, nation-state, culture or have a calling to remain even when it hurts them financially, physically and mentally.
It's because their lives are tied to that country and their currency. Their savings are in the national currency, their pensions, their stock portfolios, their homes, their jobs; everything is measured in the currency and is tied to the fate of that government.
Slowly then all at once
When a currency implodes, it takes with it EVERYTHING measured in that currency, and the value both in the market and psychologically is obliterated.
People are left with nothing through no fault of their own; the only fault was they happened to be living in a country where the government imploded their currency.
Yes, you can say that they could have seen the writing on the wall and left before the collapse, but honestly, who understands all this economic shit? When you're a salaried worker with bills to pay and a family to raise, you're not exactly watching the forex, bond, repo and stock market with any level of interest.
In a currency collapse, however obvious it may be, many people are still blindsided because it's not something we're trained to experience. If we look at how fiscally frugal the Germans are now and how their policies aim to protect their currency by tossing others under the bus, you can see it's motivated by those scars of the past.
Your fate is tied to your nation
At least it used to be; in the past, the citizens of a nation had no choice but to accept the tax policies, the fiscal policies, the monetary policies of their government. Sure they could leave, but when you leave, you trade one system for another, and in many cases, if you're not well off, you're moving to become a second class citizen in another country.
For some leaving your country is an option, but it's not an option for everyone.
But what is? Buying Bitcoin.
2020 economic massacre
After the events of 2020, many countries economies have been left in a tattered state, and we don't know how governments will react.
- They could be more aggressive on tax policies like we see in my country,
- or they could be more aggressive on quantitative easing as we see in the US and Australia.
- They could push for negative interest rates as we see in Europe and soon the UK.
Regardless of the option they chose, your country is coming after your wealth in one way or another.
Making sure you're prepared for this wealth transfer is important; holding something that is under no government manipulation and something that is globally recognised and unconfiscatable will trade at a premium in a world like this.
Running and hiding always means you have to give something up, but standing up and defending your hard-earned purchasing power is a reason to sever ties with your country
Have your say
What do you good people of HIVE think?
So have at it, my Jessies! If you don't have something to comment, "I am a Jessie."
Let's connect
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