You may have heard of the many benefits of Bitcoin for remittances, as it allows migrant workers to send money back to their families without using the traditional Swift system, which is a total ripoff. What we'll see now is how immigration creates remittances not to family members who stayed home but to the 1%.
My father was the first child in a family of 10. He made it through what remains of the colonial education system they keep in place in his native country for that specific purpose. To create an inflow of skilled individuals who will be capable of doing the same job as traditional Europeans, but cheaper (funded by European taxpayers of course). It begins with technical jobs. My guess is this is the equivalent of Asian tech guys in the US. Then when companies have a good idea of how to handle diversity the process is repeated, this time for manual labor. The goal is to drive wages down for two reasons. Money and I can't remember the other one. Pensions are indexed on income, thus making the incentive a double-whammy to decrease their funding as well as decrease payroll expenses. The process was very obvious to the locals, whose children gladly put canine excrement in my mouth when I was their age to make sure I was aware of their perspective on the process. The odds were bad, I barely made it and one of the docs who was just hanging around heard about my case - he didn't operate or anything - and told me what had to be said so that I wouldn't turn violent in my later years because of what those kids did. The hospital staff saw the whole terror show coming decades early and this doctor simply told me that I could become one as well if I wanted to change things instead of resorting to violence. Lives were saved that day, more than mine.
Hospital logs were deleted, the press was silent, for all I know the same keeps happening even today. Many others were not as lucky as I was. When downward wage pressure was not as high as they expected we saw the use of conflict in migrations. Terrorist organizations have been plaguing the North-Africa for decades, well before the towers fell. Who wanted them there, who knows? Then came the Gulf war, then the second Iraq war. Waves of refugees arrived in the second, and arrivals simply skyrocketed after Libya was thrown into chaos. German Chancellor Angela Merkel decided to have a relatively open policy. I actually tried writing to German authorities before that happened as I did not want the same thing that happened in my country to happen to them. After being told to mind my own business someone actually wrote back and I told them something very simple. That is to say, but apparently impossible to put in practice. The only way that I know of to make mass immigration work in some way or at least make it happen without causing extraordinary unrest is... to get them laid. The guy replied that he couldn't get laid himself therefore my plan to get them laid would not be likely to be implemented. A few years later they had police officers with assault rifles guarding public celebrations. At least I tried.
The goal of NATO is to keep Europe down after it caused two world wars, so now European foreign policy is not a real thing. Diplomacy without power is full of air so all they can do is take migrants in and hope local elected officials will know how to handle things. Which they blatantly do not, and the few who do are instantly overwhelmed. Now the effect of all this creates a tremendous downward wage pressure and even creates a black market for manual labor, as many small construction companies are aware of. That in turns destroys all social progress made since after the war, thanks to the money printing necessary to prevent a civil war. The difference that used to be payed by employers can therefore be redirected to shareholders in the form of dividends. As the 1% hold most of the stock market, you figured it, their wealth exploded in the process. The cost of this policy is financial for historical households. But as you may have found out the social tensions created makes traditional and migrant households bear a social cost that should make the process a crime under international law.
The saddest part is that we only see it now, but so many "Third-world" nations were and still are being exploited by what presents itself as the capitalist economic model. But that model really is more a bunch of very rich individuals and organizations that managed to make everything revolve around themselves without the need for them to raise much of a finger. Maintaining their status causes voluntary harm therefore they should be prevented from doing so. A better approach would be to develop the Third-world to move their economies to the same level, health care and birth control included. But that would remove the main driver behind economic migration, likely the largest immigration factor there is. They'll claim a global competitive environment of their own making but to them the economy kept doing very well ever since the late '40s, maybe with some difficulties when people started demonstrating against the Vietnam war, but overall the economy goes very well for them.
That sounds pretty bad for us but to conclude on a hopeful note, let's get back to bitcoin where we started. If it manages to become what it claims to be, the money of the future, then it has the potential to do something nobody could have done in history. That is: manage to redistribute wealth without the need for conflict. That may not be much to hang on but I guess for now it will have to do.
