In the UK and Europe, we are seeing the beginnings of the universal income take place.
In the UK there will be payments given to everyone in the amount of 1200 GBP for most households. This amounts to around 15 billion GBP.
In Germany, they have been giving extra payments for heating and to families with kids. Now there will also be a fuel payment to help with the increased fuel prices and now transport tickets for almost nothing for 3 months or so across the country.
The fiat bubble needs to keep expanding so that there is any excuse needed to do it. The preferable route with debt slavery cannot be so easily pumped anymore with the huge housing bubble and rising interest rates that a more direct route is now needed.
Enter the Airdrop
We are seeing more and more reasons that money anyway stolen through taxation or inflation needs to be recirculated to people to keep the Fiat debt scheme going.
The preferred method used seems to be an airdrop method where money is just given to the whole population or select groups.
Of course, anybody with an ounce of common sense will know that this won't resolve any issues except raise the prices by the amount of the extra fiat put into circulation.
Inflation is good
Some inflation is good and is needed to help stimulate economic activity and growth. With fiat, the average rate of 3% per year has been the usual rate used to inflate the USD and has helped drive the economic growth we have seen over the last 30 years or so.
There is a similar metric on hive where it grows by just under 3%, although there are some other measures that mean the real inflation rate is higher but decreasing each year.
The Case for a switch to Crypto
With the ever-growing measures needed to keep fiat alive, is it time we took monetary matters away from government and banks and use crypto?
What would it look like though?
Do we go for a fixed supply like Bitcoin which would be deflationary? Or an unlimited supply like Ethereum but with a low inflation rate of 2-3%?
Perhaps a blockchain with no transaction fees like Hive?
Whatever is chosen, it must surely be better than the current fiat system. We know that we are the assets on the books of the banks for their creating credit out of thin air.
Let's put an end to it and do a crypto airdrop to the world and kick off the crypto revolution!
Davos
The recent meeting at Davos also touched on crypto and gave us some insights to the thinking and planning of the elite. On one slide entitled "A big shift is in motion", the elite show that there are all the crypto firms involved in the "early adoption" of crypto, but that in stage 2 "mass adoption", all the big banks and payment firms like Visa will be getting involved.
How the banks would get involved is at the moment unclear, as to quote an oxymoron from a recent crypto.com email that the largest growth in crypto users is coming from the "unbanked". Moving to crypto keeps you unbanked, so what "innovative" debt products will the banks try to be pushing in the crypto space?
This remains to be seen, but according to the Az16 report, there are 1.7bn unbanked who could potentially move onto crypto. This could massively increase the current Defi TVL of over $106 bn which would rank it as the 31st largest bank in the world currently. This is still insignificant compared to the assets under management at JP Morgan, but it is making inroads for sure.
Thanks for reading.
Resources:
Picture created in Canva with a picture by Nasa from Unsplash
Gov.uk
Az16 Crypto Newsletter
DefiLlama TVL