HARRY 3 on Nostr: Further notes and wise predictions in the Sovereign Individual…… Page 221 The ...
Further notes and wise predictions in the Sovereign Individual……
Page 221
The emergence of digital money will not only defeat inflation once and for all, it will also contract leverage in the banking systems of the world.
The ability of people everywhere to bypass regulatory authorities and shift their funds directly through the internet is an entirely unprecedented consequence of the globalisation of markets.
When governments can no longer depreciate currency by printing money or defraud savers by expanding credit at will through captive banking systems, they will lose a major part of their indirect capacity to commandeer resources.
Page 221
The emergence of digital money will not only defeat inflation once and for all, it will also contract leverage in the banking systems of the world.
The ability of people everywhere to bypass regulatory authorities and shift their funds directly through the internet is an entirely unprecedented consequence of the globalisation of markets.
When governments can no longer depreciate currency by printing money or defraud savers by expanding credit at will through captive banking systems, they will lose a major part of their indirect capacity to commandeer resources.