Politicians can’t be trusted with money

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Everyday in the media I see articles pertaining to left vs. right spin. It seems that Americans believe that politicians can enact true change for society. Yet, most don’t realize that politics and money are the most unholy alliance. If you need proof take a look at the trillions in debt that has ballooned.

And make no mistake about it; both parties are responsible. This debt will never be repaid. And sorry to bond holders and such. The Fed is trapped and is now pursuing a fools errand. All courtesy of a corrupt Congress and Senate who answer to no one. Mortgaging one’s future for short term gains in the end leads to tears.

Many in the US forget why our nation was on a gold standard. It was a simple check on spend thrift politicians pursuing personal endeavors at the expense of the many. You see politics will never change. You give people power and in the end they will end up corrupt. However, there is one way to fix it. Separate money and politics and watch what happens.

I truly believe that the people will not listen. Regardless of who is in the White House or other political office the games will continue. That is until the Minsky moment occurs. Then you will see the rats flee the sinking ship blaming others like cowards always do.

Soon my generation will have to take responsibility for the mess that has been created. And we will fix it with blockchain currencies, AI, robotics, and technology. Truly reactionary politics will never change. It’s never a problem for them until it effects their household.

If your looking for these individuals to create change understand this: They have no ideas. Many of the current political ideas solve nothing. Tax and spend creates more debt and corrupt middlemen. True wealth does not come from the State. Unless your a 20 year term politician which most of us aren’t.

So now it is time for people to get a lesson primer in economics and fiat currency. This lesson will be taught via the school of hard knocks of which I have a PhD. This lesson will occur over the course of the next 2 years and it will be very difficult for many.

You see the writing is on the wall. For those who are paying attention my advice is to act accordingly to safe guard wealth. This isn’t all doom and gloom since our new financial system is on the verge of mainstream adoption. Remember, the Blockchain was created for this moment in history. To protect the people from the tyrants of this world.

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7 comments
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The issue with this viewpoint is that much of the technological progress was due to the expansion of the money supply. If we still were operating on the gold standard, we would likely be 20 years behind where we are now (if not more). There is no way to innovate when you have such a tight monetary supply, especially with a growing population.

The debt, as you correctly stated, will never be repaid. Hence it is a non-factor other than the services. Crypto will be vital to the continued technological expansion since we are at the point where it is going to require tens of trillions of dollars to keep up. Technology is an expensive bear to feed.

Fortunately, the money game is a mirage anyway. In the long run, it really doesnt matter. Prices are going to start deflating across the board over the next 10-15 years. What happened in the computing world will be translated to energy, transportation, materials, biology, and construction.

Instead of developing another messenger application, we are truly embarking upon societal changing stuff. The cool thing is there are 8-10 of them being worked on as I write this.

Life will be different in a decade.

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I understand that a gold standard today probably would not be ideal.
However, my main concern are the political class who make the laws. Hopefully these individuals will see the bigger picture concerning cryptocurrency. It’s about control for some of them. But a brighter future for all can be created if they have an open mind. It will be amazing though to see the costs of everything fall.

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It’s about control for some of them.

I think it is about control for all of them. Thus, they will only do what is in their own best interest.

As for crypto, they are not going to embrace it as long as it is a threat. They will only seek to control it via their regulators.

To succeed, we need to advance this in spite of them. It is race to make this industry so wide and deep that they cannot control or regulate it.

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I just fear that these time do not come too soon.

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In the end I think certain people will begin to make adult decisions that are necessary. But it might get a little chaotic socially. That is why people need to be presented with a better financial system alternative. I find that humans tend to not fight each other when they have enough abundance.

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better financial system alternative is a good choice but people also need to keep their eye open

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