
Dear Coilers, in my last post I’ve been contemplating the future of economy which is everything but bright.
DISCLAIMER: this story/thoughts is just a fiction. A movie plot made out of the facts!
Now I want to share my thoughts about the scenarios we can meet in near future.
Have you seen that Norway has officially fallen into recession?! Hey, Norway!!! Not counting their gas and oil business in, their GDP is 8% down. It is the biggest drop since the start of their statistics Agency reporting the stats!
Norway is, for those who might not know, the western social paradise of high taxation due to high social security of its citizens and even higher standard of living. An independent kingdom, not an EU member and with its own currency, Krona.
Now imagine what others can expect...
Then there is COVID too, important asset of those in power.
Now the scenario:
Soon, when the global economy crushes, the Middle Class, which managed to survive 2008 recession (with those new who reached the Middle Class standard in the meantime) will struggle to keep their status.
Small business owners, the core of the local economy, which pumps fuel for the global one to run, are slowly closing the doors of their life projects of which them, their families and the families of their employees live off.
An example from the US is even better, many have closed their businesses due to coronavirus lockdown, and many who haven’t, are having their businesses destroyed in “peaceful” protests.
I myself have been a part of both peaceful and not so peaceful protests in 1990s. I know the cause and background of many, as well as the modus operandi behind some.
You don’t have to trust me, nor share my point of view (which is objectively observing the processes only, without taking the side) but try to contemplate the facts for 8 seconds and then trust your own sanity.
Now tell me what does inequality of police treatment in different cases has to do with rioting and robbing Gucci store in New York or burning local doughnut shop in Seattle.
Imagine that scenario in the EU, Iraqi immigrant raped and killed a girl in Wiesbaden, Germany which caused peaceful protests in Zagreb, Croatia in which the peaceful protestors have peacefully stoned and burnt half of the city center asking for processing that immigrant and banning him from seeking asylum.
Well, you’ll never watch that film in good ol’ Europe, thou the cause is real. (Susanna Maria Feldmann was a 14-year old German girl who was raped and killed on the night of 22 May 2018 in Wiesbaden by Ali Bashar Ahmad Zebari, a 21-year old asylum seeker from Iraq).
Anyway, when the Middle Class is done and becomes just a line in history books, there will be the need for physical separation of the classes. The preparation for it is called social distancing, next step is the wall.
Classes are already separated in some way. It is easily seen in big cities. There are residential neighbourhoods, there are slums...
But when the poor majority starts starving, a broad street which devides those neighbourhoods will not be enough.
But the solution is already here. Like in the Hunger games.
The Capitol of some new Panem, strongly walled and protected center of power and a home of the rich will be physically separated and guarded. But not for the protection of the elite but of those poor. At least it will be presented that way.
The most important thing will be the possibility of the poor to get the status of the citizen of The Capitol.
We all know that we all have “the same opportunity” for the success. We live on a large level playing field...
You all have the same opportunities on the level playing field! If you are rich enough to buy a ticket for the stadium the field is on. – Thomas Jefferson
Now tell me, how many people you know who have reached The Capitol from a slum? Now even harder one, how many of those you know who have been able to stay in The Capitol for 3 generations?
NO, we do NOT have the same opportunities nor we live on a level playing field.
BUT – some of the people have seen where the future is leading us, to paradise or hell. Being smart enough to know that the technology is constantly going forward, no matter some want it or not, they have started investing in digital assets believed to be that tech future.
There can be a reset, there can be the hyperinflation of Fiat, but one crypto coin will always be one crypto coin.
The ticket for The Capitol will be bought and payed for in The Coins, not some paper...
HODL!
Thanks for reading,
Srdan