“Let’s quickly step back and take a big picture view of the world. Over the past 150 years, the global economy has transitioned from being a blossoming industrial economy with limited global trade and transactions generally settled physically with either banknotes or gold, to a globalized world with free flowing trade and information which is primarily settled in United States Dollars, a fiat currency. This has brought about great benefits in global trade, such as quicker and cheaper settlement across long distances, increased portability and divisibility of wealth, and an international network of payments for goods and services which anyone with an internet connection can participate in. However, it also has major drawbacks. The departure from settlement in sound, physical currency and towards government credit has led to a breakdown in trust and the ability for prices to be manipulated, typically upwards, as a result of monetary inflation. Those who do not meet the requirements to have a bank account which is denominated in United States Dollars are effectively barred from the global economy. The Cantillon effect causes nations furthest from Washington (typically in a political sense) to become disproportionately poor compared to their real productivity. The difference between the ‘haves’ and the ‘have nots’ is increasing and causing both political instability and societal diseases. To make a long story short - there is a fundamental problem with our money and finance which needs to be solved in order to create a better, more equitable world.”

- Intro to a conclusion for financial analysis on Block Inc.

Is my maximalist bias showing? ⚡️