Getting in the queue of this tasty conversation ... I don't think anybody has mentioned the demographic cliff that is forming in most parts of the world...
All the more reason to expound upon the benefits of gradually demonetizing housing by pointing folks to bitcoin (though I think places like Canada and Australia could be lost to a gradual process at this point)
Yeh look at Japan. They been basically in a depression for the last 30 years because of poor demographics. You now have millions of Japanese graduates unemployed living with their parents. A trend that is growing in the west.
Imagine thinking and central planning everything except building, clean water and healthy food production and exchange them by the free market. No wonder you can't purchase your cigarettes, alcohol and shelter. You have zero skills in surviving life.
A lot of planning went into how best to use Japan and ultimately keep them down following WW2. It’s a feature, not a bug.
Japan and the “carry trade” is just one example.
You can’t look at what another country is doing without taking into account who owns the worlds reserve currency.
The US hands are very dirty when it comes to the success/failure of foreign countries.
El Salvador is also another great example. All planned prior to their current breakaway society.
