We are about to cross a critical threshold, entering a poly-crisis, a set of overlapping crises:
- Public debt crisis: Governments have accumulated unsustainable debts, forced to print more money, which increases inflation, or to face possible bankruptcy.
- Personal debt crisis: Personal debt, including student debt, has reached record levels, driving individuals and families to the brink of financial collapse.
- Labor crisis: Massive layoffs and the transformation of the workforce due to the integration of artificial intelligence are putting job stability in check.
- Banking crisis: Differentiated between private and central banks. The private ones face lack of liquidity and trust, while the central ones struggle with expansive monetary policies and constant issuance of bonds, undermining confidence in fiat currencies.
- Real estate crisis: The real estate bubble threatens to burst, putting investors and homeowners at risk.
- Geopolitical crisis: It ranges from global de-dollarization to regional conflicts in Ukraine and Taiwan.
- Social and political crisis: The trend towards authoritarianism in various places, the discredit of the media, and ideological radicalization are polarizing and destabilizing entire societies.
- Confidence crisis: The growing supervision and control by governments, as seen in the creation of CBDCs, are eroding public confidence.
This poly-crisis heralds a new financial and social era. It's time to prepare ourselves, rethink our systems of government, and learn more about #bitcoin.
Let’s welcome this new era as an opportunity