One of the most powerful institutions on this planet today is the Federal Reserve System. This system controls just about everything as it pertains to our financial destiny. Yet, most people in our society are oblivious to it. Ask the average person on the street where money comes from and many are clueless.
And that is ok. Much of our educational system doesn’t teach about the legacy system. You may get a brief primer on Keynesian economics in Econ 101. Yet, many other economic schools of thought are suspiciously ignored.
Speak about the Austrian School and you will be lambasted. Again, much of the educational system does not encourage free thought. Sadly, this type of group think has infested Wall Street and many of the Central Banks around the world. Not to mention the greed and avarice that will always plague centralized institutions.
Naturally the well connected will always get the sweet heart deals. And if you don’t believe me look no further then former Fed officials Kaplan and Rosengren. These two just resigned after many of their insider trades were made public. Of course the media is saying they retired.
Tsk tsk for phony news. These two got caught with their hands in the cookie jar. The crime in all of this is that they got caught. Remember, for some of these people it isn’t illegal unless you get caught. Again, proving our point for the mass adoption of blockchain adoption.
So my question is what else is hiding underneath the belly of the legacy system? What deviousness is occurring in plain sight? Since most of the population is oblivious as it pertains to monetary policy. Perhaps there will be some new developments in the coming months.
And I believe these new developments will start with oil. Right now there is some chatter going on regarding a potential spike. This would not bode well for the legacy system. It would hit most pocket books and would serve as a hidden tax.
Not to mention putting pressure on the Biden administration. Now, I’m not creating FUD. Some of these oil producing countries are non to happy with America right now. Not to mention the level of incompetence that is occurring with many of our decision makers.
So where does leave us as a nation? Well, there will have to be some major changes to the legacy system. These changes will begin at the Fed and work their way down. The debt drama is a ruse.
Eventually, the Fed structure as it currently exists will be shown to be obsolete. Much of the Fed mandates that currently exist are also obsolete. The economy is and will continue to change due to blockchain, technology, and automation. So the structure must evolve as well.
Now I’m not a fan of centralization. Nor the central banking model as it currently exists. Yet, these changes will be made regardless of what I think. They will be made out of necessity.
Blockchain adoption will also occur out of necessity. People need income and are lacking due to the issues pertaining to the legacy system model. It is outdated and corrupt.
What is being revealed is proving this in spades. Not to mention the mainstream awareness of the corruption that has been ongoing. My advice is to stay the course with blockchain.
Many of these changes will be historic. Insulating our blockchain wallets is crucial now more then ever. Not your keys not your coins. Stay vigilant…:)