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Quick thread on @RayDalio& #39;s latest piece re: The Changing World Order, linked here: https://bit.ly/2UTJVP2 ">https://bit.ly/2UTJVP2&q...
According to Ray: "When the rich fear that their money will be taken away and/or that they will be treated with hostility, that leads them to move their money and themselves to places, assets, and/or currencies they feel are safer."
A demand drive for unconfiscatable #Bitcoin
https://abs.twimg.com/hashflags... draggable="false" alt="">.
A demand drive for unconfiscatable #Bitcoin
Ray continues: "If allowed to continue, these movements reduce the tax and spending revenue in the locations experiencing these conflicts, which leads to a classic self-reinforcing hollowing out process in the places that money is leaving."
States fear unconfiscatable assets.
States fear unconfiscatable assets.
As an exodus of the rich from a failing jurisdiction occurs, owners of real estate will suffer the most—this is the one asset class that cannot be sheltered from taxation or confiscation due to its spacious and immovable nature. As states weaken, real estate taxes will soar.
Ray continues: "That’s because less tax money worsens conditions, which raises tensions and taxes, which causes more emigration of the rich and even worse conditions, etc..."
"...When it gets bad enough, governments no longer allow it to happen—i.e., they outlaw the flows of money out of the places that are losing it and to the places, assets, and/or currencies that are getting it, which causes further panic by those seeking to protect themselves."
Demand for #Bitcoin https://abs.twimg.com/hashflags... draggable="false" alt=""> will likely surge in tandem with the enforcement of capital controls as over-leveraged state& #39;s start to lose control over capital in the digital age.
Digital space is like international waters: a domain where no authority can establish lasting dominion.
Digital space is like international waters: a domain where no authority can establish lasting dominion.
A book from the 90s titled "The Sovereign Individual" details strategies necessary for adapting to this next phase of Western Civilization; it predicted the rise of social media, #Bitcoin https://abs.twimg.com/hashflags... draggable="false" alt="">, and digital securities in the 21st century.
Knowledge is Power. https://www.amazon.com/Sovereign-Individual-Mastering-Transition-Information/dp/0684832720">https://www.amazon.com/Sovereign...
Knowledge is Power. https://www.amazon.com/Sovereign-Individual-Mastering-Transition-Information/dp/0684832720">https://www.amazon.com/Sovereign...
