Do you have your business?
I have.
Do you have your restaurant or business, which is closed by government restrictions?
I have.
Do you have problems or it´s an opportunity for you?
Lets look on why is COVID-19 great for government
We live in a wonderful world. Do you remember the last economic (financial) crisis in 2007-2008?
I remember it very well. From that time we have enjoyed the longest time without a crisis in prosperity.
How it´s possible that we only grow up? How it´s possible that we live in secure world with great social security (EU).?
It´s because our economy is based on depts. And it´s not the only debt between people, companies, it´s primary dept between countries.
Look on these numbers!
It´s impossible to repay it!
Coronavirus brings great opportunity to try 2 scenarios:
- Try the incredible quantitative easing and test what this system can handle, and the best part is that when we get to the point that the world economy can't take it anymore, we go to point 2.
- A restart of the system. We can blame Coronavirus and try something new.
Restart of the system
Probably is only a matter of time, when the government will need to change the system.
In the past, unpaid debts were a pretext for war. Now is a nuclear time. And in nuclear time nobody wants the next world war.
World insolvency: Can you imagine it? It can cost millions of lifes and destroy decades of prosperity.
Debt forgiveness and change of system: That´s a point! We will forgive our depts and start a new decade! We only need to figure out a new system.
New system: GOLD/COMMODITY/CRYPTOCURRENCIES
GOLD: We have a really good experience with the gold standard. But it has one big problem: the GOLD standard doesn´t allow an easy monetary policy and exchange rate manipulation
Commodity: Do you know any other world used commodity?
Cryptocurrencies: New standard and hope for Government?
Why is Cryptocurrencies good for government?
Lot´s of people don´t know, that BTC is not really anonymous. If you want to change FIAT to BTC, you must have KYC and AML and government know, that you buy it!
Yes, there are many possibilities for how you can be anonymous, but it´s harder and it´s not that easy like CASH.
Cash is the most anonymous pay method in the world
We can discuss it in the next article, but I think that one of the goals of the government is to destroy cash.
BTC is for government much better option than cash.
Thank you for your opinion, this is my first OCD article
I am really happy, that I join the OCD community. If you have some useful tips or groups on WA, Discord, telegram I will happily read and use it.
Good health to you and a beautiful day!
Johny