Governments will therefore need to rebuild domestic industries, militaries, energy grids, and general infrastructure. This makes understanding the reality of the hard stuff about hard stuff as important as it’s ever been.
With commodity money (e.g., gold-backed ruble, bitcoin), governments will lose their ability to print to pay for militaries and infrastucture. Nobody has any idea how things will play out.
Seems that governments around the world, even the ones who are in theory opposed to each other are in lockstep about pivoting from COVID to world war. I read a theory that these things all serve to slow down the velocity of money so people don't see how f'ed they are too quickly and start bringing out pitchforks... do people even own pitchforks anymore?
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