A New Parallel Economy Will Shock The Global Monetary System
Today, people put their livelihoods into the hands of unrealistic brokers biding their time with wandering thoughts about big commissions and state-run markets with which they are in love. No matter how much history in its many capacities warns them against the traditional, they keep on with it. There’s history, the things people have seen: assassinations, wars, inflation. And then there’s the vector – the movement of history sweeping everything inside it along, and that’s wherein lies the fundamentals of the way things are. No matter how you look at it, history is telling its inhabitants to jump shit and this plane is definitely crashing. Why stay on the boat if once you realize the alternatives you can live freer, more relaxed and happier.
People, having never internalized how to question authority, which itself results in a stinging lack of self confidence, entrust other people with responsibilities only they can practically perform for themselves. Not only do people do this by going through brokers, but even when investing in faroff businesses over which they have no control. Surely, one can do their own due diligence and learn enough about a company to feel appropriately confident, but, at the heart of the circumstance, you’re not doing a thing for yourself except giving someone else your money with faith in hope.
There’s no room today for people to continue entrusting others with their very lives. There’s no need for middle-men when it comes to accruing your own wealth. The old paradigm is dead and gone and a new one has emerged in which the power of the individual can carry the collective to new highs most people didn’t even know existed.
Gresham’s Law dictates that what will indeed happen over the coming months and years is that a whole new parallel economy will emerge. It will not revolve around drugs and guns, but instead around conventional goods and services. The global economy as we know it today, with its blaring inequality and dinosaur momentum, will be outmanuevered by a stampede of new, innovative currencies.
With governments, non-governmental institutions, transnational banks and corporations today all creating a unique arbitrage, arisen out of their corruption, in which people are being forced to be creative in the way they transact, there’s not much time left for the old ways. People cling to cash at farmer’s markets, taco stands and food trucks because green-folding cash is more convenient than are debit and credit card transactions, and furthermore the performance numbers can be smudged so that the taxman cannot steal everything he’s determined to steal.
Bitcoin represents a more efficient mechanism of moving wealth on the planet than even the US Dollar. In less than five minutes an undetermined amount of bitcoins can find themselves out of your wallet into the wallet of another, or vice versa, without the hassle of one having to relinquish all privacy concerns in the name of Know Your Customer – i.e. post 9/11 – bureaucracy hoops.
In your local area, especially in the US, the ease of access of acquiring precious metals will soon be a thing of the past as government bureaucracy eliminates all competing currencies it has the means to eliminate. But, once you have those precious metals, you yourself then have yourself a business. You have something people want and need. There’s no need for you to store wealth on the books, as long as you can stomach the unique risk tied to a volatile asset. Need some Federal Reserve Snuff? Just call up someone in your network and meet them over a nice coffee, beer, whisky, lunch, dinner, breakfast, massage – whatever – and make the transaction. There’s no reason to go to a brick-and-mortar store with their ADT cameras and computer monitors with cameras attached. No need at all. Go meet your ATM under the sun and get your cash without a trace. While it’s not easy for global transactions, like bitcoin is, for local transactions precious metals work with similar ease.
Farewell to the traditional portfolio. There’s no need to stay within the system if you do not need to. Unique and innovative new money will be a tsunami for the global economy. The ease of use and access and abundance of alternatives will create a new economy, a parallel economy next to the current one, allowing people to easier than ever live in between the cracks of society.
People will laugh as the banks try to collect their personal data to service a growing data-collection industry and 9/11 trauma. The banks will scramble as they lose customers who cannot be confident that the bank even has what they say they have – you know their money – and the invasive regulations and protocols offend people. Nobody wants to subject their child to TSA style strip search upon deposit of said child’s first allowance into an interest-bearing bank account.
And so they won’t.