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Rejection of the Legacy system by automaton

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· @automaton ·
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Rejection of the Legacy system
By now most are aware of the existing issues regarding the monetary system. Endless debt, rewarding speculators over savers, QE forever, etc. The list goes on and on. Most go about their day clueless to the financial shenanigans that are occurring. However, there may come a time when the average joe begins to pay attention.

https://bbccnnlife.com/wp-content/uploads/2019/10/1568353878_QE.png

Financial illiteracy is very prevalent in today’s society. Some are not even aware that central banks control the nation’s purse strings. Most are happy to get a paycheck and pay their taxes. And while the news media divides us monetary policy is leading the system to it’s own Minsky moment. 

http://sprott.com/media/2427/minsky-moment.jpg

Some day in the not so distant future change will occur. These changes may occur via a black swan event. However, continuous market intervention always come with a price. And these interventions will continue since no one has or will be held accountable. 

https://coenv-media-gene1ufvxiloffjq.stackpathdns.com/2017/03/black-swan-large.jpg

Once these events occur people will began to search for an alternative. Right now your noticing (if your paying attention) many wealth funds/billionaires began to position themselves away from the legacy system. Many are concerned due to the policies that are being enacted at the Federal Reserve. I believe this will continue although quietly. 

Unfortunately the average joe may be last to the show. Retail money is always late to any bull run. However, there may come a time when the legacy system may become outright rejected. Or many may decide to use blockchain currencies and not transfer back into fiat. 

Either way common sense will prevail via education. A better way to create wealth and prosperity is here. The legacy system has served it’s purpose and useful life. Hopefully the transition from one system to the next will be seamless. Ultimately, money must serve the needs of the people.  

 



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