"Why Nations Fail," the book by Daron Acemoglu and James A. Robinson, is on the menu right now. I started reading it about a week ago, and although my reading pace has slowed a bit over the years, I am enjoying it and am definitely going to go through it entirely.
Thus far, I've read about 25% of its 400+ pages, but I already grasp the main idea of the book. It delves into good and bad politics, good and bad economies, but primarily focuses on various forms of centralization.
As an advocate for decentralized blockchains and decentralized governance systems, I can spot flaws when I see them. While the book provides valuable examples of strong economies like the US and the UK, we are currently witnessing cracks in the system.
What once made America great—the banking industry fueling industrial growth, propelling the real estate cycle almost to its peak, and exerting influence globally—is starting to crumble. There will be no soft landing; people are no longer ignorant about the banking cartel, and America's hegemony is on the brink of severe injury.
The same applies to the UK and many other European countries. The burdened masses struggling to sustain the middle class, while also contending with an influx of extremist Islamists, resemble a beehive under immense tension. Yesterday, I stumbled upon an interesting tweet from someone living in Thailand, extolling its virtues compared to the UK.
In his eyes, Thailand surpassed the UK in many aspects: from taxes to the attitude of the people, from food to low stress levels among citizens, and so forth.
There is an overwhelming tension in the world right now, and frankly, I'm unsure if it's by design, enabling the elites to execute their plans for a new world order, or if it's simply the culmination of decades of misguided policies orchestrated by the world's major powers.
After meeting with Chinese President Xi Jinping, the United States threatens China with sanctions and demands it stops supplying Russia with equipment for its war with Ukraine.
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These guys are worse than ten-year-old kids at school. How the hell can you ask China not to assist Russia when you're directly aiding Ukraine? Is the guy who spewed all this crap off the prompter even aware of the threats he's making to China? Can't they see the absurdity of it all?
BRICS members China and Russia recently signed a trade agreement where they will use local currencies up to $260 billion. The trade deal will be initiated to settle payments in exchange for commodities purchased between the two nations. Both China and Russia will settle payments in the Chinese Yuan and the Russian Ruble, and not the US dollar.
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The primary fuel powering America was the dollar until a few years ago, as its weaponization enabled the US to impose sanctions and assert control over numerous countries worldwide. However, that's on the brink of change, and very few seem to realize it. Will crypto emerge as a savior?
I can't say for certain, but here's one thing I know: despite the wild west nature of the crypto industry, I trust it more than I trust governments and banks. That's why my bet heavily favors crypto in terms of its potential positive impact on our future lives. I don't take sides, don't get me wrong...
I'm neither staunchly pro-America nor inclined to praise communist countries like China. However, I have a keen eye for spotting abuse and imbalance, and trust me, something is about to give... Should we all consider moving to Thailand? I'm not sure... Personally, I'm contemplating building a wooden house somewhere near my town and living off crypto if the bull market allows such a plan to materialize.
We're in a bubble that's teetering on the edge of bursting. Everything seems flawed, from inflation to the state of social media today. Everything... But it's not the end of the world; it's merely a milestone we need to navigate past.
Thanks for your attention,
Adrian
