People have been calling me an alarmist for a while now. I have been warning that the world is changing and if we aren’t prepared we could miss the ride to true financial freedom. The truth is that most are not prepared. That is what is truly alarming to me.
The pandemic offered the best case scenario for this change. It has become the precursor of what I believe is yet to come. How so? Let’s play out what’s already happened.
The virus caused worldwide hysteria and governments reacted by instituting lockdowns and policy measures to stop the spread. Science became the authoritative voice of how policy should be instituted. People out of fear followed “the science” and the economy took a hit with the closures of businesses that were not deemed “essential”. We saw stimulus packages approved with the hopes of stimulating the economy. We saw the Fed bail out the government and the rich by printing more money.
That’s where we were and are BUT where are we going? I believe that post pandemic we will see a world in chaos, we will see the US dollar die a horrible death, we will see a global economy that is in further turmoil. Let’s breakdown each scenario and how it could play out. These are my predictions of what could happen.
A world in chaos. It might have sounded crazy a few years ago, but today I am not sure how crazy it really sounds. We have seen riots, shootings, and the capital stormed. What else could we see? The lines have been drawn and people are becoming divided.
I think we will see more chaos come as politicians pontificate on both sides of the aisle. The chaos will only create more need for the government to institute further restrictions and policies under the need for public safety. What this tells me is that the chaos will only escalate as people react to those changes.
The US dollar dies. We will see the US dollar die a horrible death and it might be coming sooner vs. later. This was bound to happen. Over the last 100 years we have seen many monetary shifts.
The first was the creation of the Federal Reserve in the early 1900’s, the second was FDR outlawing gold during the depression, the third was Nixon’s final strike against gold by taking the dollar off the gold standard. Now we will see the US dollar die and be replaced by a digital dollar.
The solution will be to bring about change in our global economic structure. The change is already on it’s way. Massachusetts Institute of Technology (MIT) is working with the Federal Reserve Bank of Boston on a project of creating “Fedcoin”. Fedcoin would replace the dollar and become a digital currency. The US dollar will die and they can’t revive it. The solution they have is a digital dollar that they can easily control.
A global economy in turmoil. We have never seen a global economy until recently, but now the world is becoming increasingly connected through technology and virtual means. The Central Banks have created a bubble that is going to burst. The Federal Reserve for example can’t contain or stop the bubble. I think we will see more and more small businesses close and a greater monopoly by bigger businesses.
This turmoil will result in more job losses and people calling for greater economic equality. The stimulus packages will become the norm and we will see a push for universal basic income as businesses also move away from manual labor and utilize technology more. This change will result in uncertainty and governments will react. The problem is people are easily distracted and grow apathetic. People love security and the perceived economic security of a digital dollar into your account will drive people to feel ultra secure.
People will accept this move and they will regret it in the end. The poor and middle class are always hit the hardest when a monetary shift happens. People will lose a fortune, but they won’t see it in the beginning.
Why is this happening? There are a lot of theories on why and I can only speculate, but I have personally thought that a digital currency was inevitable from my research as early as 2018. I would never have imagined that this was going to happen this quickly, but it is upon us. We are embarking on monetary shift or as people are calling it the “new normal”.
The Good News is Financial Freedom is still achievable. I have been covering a lot of predictions on things that look grim, but I still believe that people can succeed and prosper. We just need to be making the right decisions in the months moving forward. Corrections and depressions can bring about a lot of good if people do the right things. The number one thing people need to be concentrating on is the shift in their own thinking.
The mind is powerful and we need to remember that it can cause us to do all sorts of things. We must put a mind to work and realize that we have the power to not be controlled by money. We can instead have control over it. I speak a lot about the need for value creation. I still believe that value can be monetized. What we do after monetizing is going to be key.
People usually centralize their income streams by putting it in one central place. They put all their eggs in one basket. This is centralized planning. The perfect example is putting money in the bank and retirement plans. Most people use these two places to store all their money. We need to be thinking differently. We need to decentralize our money by putting it in different places.
I am a big advocate for various decentralized models. I like to call it decentralized stockpiling. Just a few of the things that I advocate for are cash flow banking, cryptocurrency, real estate among others. These investments keep us in the game, but put money out of the reach and out of the pocket of central planners, banks, etc.
With every monetary shift comes massive opportunity to profit. Financial Freedom is still achievable. You can succeed in this shift. The question is are you ready?
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