Bitcoin Forum

The world seems to be getting more and more in disorder. The order, which existed since the end of the Second World War and the end of the Cold War, seems to disappear more and more after the financial crisis 2008.

Examples of this are the exploding world-wide debts, the decline in globalization and world trade, and increasing compartmentalization (Brexit, China, Trump). Also the rise of extreme parties, like in many European countries, Philipines, Turkey, presumably USA (Trump).

Growing economic and monetary policy problems such as in Venezuela, Brazil, China, India, some African countries, Eurozone ..., plus the upcoming automation and digitalization which will very likely costs million of jobs. It seems that the development just started.

What do you think, what are the consequences of these developments and what will the world look like in 10 years from now?

I think losing these kinds of jobs will have a more positive effect in the future, because this means the world is getting more efficient. Thus the world will concentrate on more important matters like growing food, building houses, etc. This is the bright side of removing these jobs.

The securities coming from the previous world war is fading because previous alliances are disintegrating and being forgotten day by day. Hence, the security we once know is fading. Another thing is global competitiveness and more focus on business and not anymore because of previous alliances.

The true and most concerning problem we have are the mountains of debt that have been amassed in the last decades. These are the cause of all other symptoms (surveillance, suppression of free speech, terrorism, wars) we are seeing today. The underlying debt problem can't be resolved in an orderly fashion. It's likely to result in a big bang and a shift of power from West to East.

In the course of these events, financial devastation will ensue. The average citizen will suffer to a great extent as fiat currencies will enter hyperinflation. We can only hope that people will learn from it and adopt a better system, namely Bitcoin...

The financial crisis of 2008 should have served as a wake up call. Unfortunately, it hasn't.
The average citizen has rejected the existing establishment, but he hasn't taken  a radical call to reject the national currency or the concept of nationhood. Yet.

"Reject the national currency"
Not a bad idea, however it can exist in its own way as long as it now has some sort of good it may be exchanged for instead of having a government that just says that something has value.
"reject... the concept of nationhood"
That's where you're wrong kiddo.

Nations maintain culture that has existed for, in many cases, hundreds (and in some cases) thousands of years. Rejecting the nation state ends up with a conglomerate of people with a lack of individual culture and something to look behind at and subsequently forward to.

The nation state, for effectively all of the Western world along with a lot of the Eastern world, is something people take pride in. People fighting to radically get rid of it, as you describe, is net negative.

Decline in globalization? Do you have any stats to back that up? Global trade is ever-increasing. The rise of extreme parties? More extreme than the fascists who plunged the world into global war in the 1940s? Seems you just picked a bunch of anecdotes without much regard for whether they are actually true, then said well the world must be falling apart.  Not convincing.

The share of global trade in global GDP has decreased this year. (Global trade is still growing, but at a slower trade than global GDP growth). If you define the metric to measure globalization as the percentage of global trade in global GDP, yes, globalization has decreased.

https://www.bloomberg.com/news/articles/2016-09-27/wto-says-global-trade-in-its-worst-year-since-financial-crisis

What "the order" is, is subject to constant transformation. So the impression of a stable order after the end of World War II and the Cold War might be an entirely subjective one, formed by the media. Besides that there are always countries experiencing crisis, at any point in history.

The true problem we have is the extreme level of government and private debt, that is a direct result of the fraudulent fiat money scheme. That problem became apparent during the financial crisis 2008, but it hasn't been solved. The simple reason is, that it is unsolvable via any ordinary measures. What governments do since 2008 is buying time.

The fiat system will finally crash. It won't be pretty, but it will be good for Bitcoin, which is just far superior in all respects and it will serve the people better. And the elites currently in charge will loose their power because of it.

ya.ya.yo!

That the world is going through some shit is an understatement.

How about the stock market, though?  We're in the midst of--correct me if I'm wrong--the biggest bull market in history.  So that says something.  The US economy has definitely improved since 2008.  They say the government fudges the unemployment numbers, but it's obvious to me the rate has gone down.  I see more jobs available.

The Trump thing scares me.  His presidency could fuck everything up.

Global Conflagration is not really a problem at todays world. Even if there is a global financial crisis, the local markets will still continue to operate. In history, there are many times where a country has suffered poverty and hungers or even victims of invasion but the aftereffects is the end of one economy will bring good results to other economy. With this if fiat currency will fall, cryptocurrency will possibly replace but if all will fall including internet then lets go back to gold as primary legal tender.

Third world war which will be more damaging than all those previous ones and also frequent economic crisis on every 2-3 years.

How this gonna effect bitcoin economy?

# Indian government recently implemented limitation on amount of gold a person can hold legally after banning bigger notes few months before, huge buy volume is now coming towards bitcoin from India currently.

# Chinese have already found bitcoin a safe heaven in case of devaluation of their local fiat.

# And i think in next 10 years more and more countries will join the bitcoin revolution for complete financial freedom.  :D

In fact, with the world so reliant on digita technology it makes tech and currency like bitcoin extra sensitive to that kind of metldown scenario.

Gold is impervious to such extremes and that is why bitcoin cannot yet stand up to gold as financial fallback.

I think in 10 years the world will not be with the same configuration has we have now for sure.

• The risk of a third war is always possible between Russia with China over United Stated.
• The banks will disappear with the mass adoption of Bitcoin ;)

Really hard to predict, the only thing is for sure I will be 10 years much older ;)

It is proven that globalization has slowed down since the crisis 2008. Some scientifc papers  talk about that globalization already stopped or is even slightly declining. Reason are increasingly digitalization and 3D printing which makes it much cheaper to produce in countries where workforce is highly paid.

Just two articles recently published about the topic.
http://www.brinknews.com/asia/the-globalization-of-anti-globalization-and-its-implications-for-asia/
http://www.businessinsider.de/deutsche-bank-research-on-reaching-peak-globalisation-2016-11?r=US&IR=T

The world is moving forward to world war III ,that`s for sure.

A world war might be the end of bitcoin,or might be a new beggining.

War is ofcourse not a certain matter. There are two things certain, death and taxes. To cite a classic. Taxes was and will be in the world. Even bitcoin has presuposed taxes unto it by taxing an electrical energy etc etc.

I view world as being optimistic. All the lies that XX century created is starting to crumble. We will see a new way of seeing things. We are all interdependant on eachother and strenght is in some way weakness as well. Richness is in a sense an obligation. Humanity need to understand that and finaly will. I hope that we are on a right track thru the darkness.

We are walking thru the dark valley but fear not. To cite another classic.

Another good example. The following picture was taken around seven months ago, on 1st May 2016.

http://s2.lemde.fr/image/2016/04/26/534x0/4908538_7_3fec_angela-merkel-avec-david-cameron-barack-obama_0b7d18331aa4a3a4a74c113aaa14a318.jpg

Four of these five heads of state are no longer in office or lame ducks. Renzi recently resigned because he lost a nationwide referendum. Extreme parties are strengthened in Italy. Cameron resigned because he lost a nationwide referendum, too. Extreme party UKIP is strengthened. Hollande resigned as a candidate for next president election in few months because he has bad chances to win. Exteme party Front National is strong. Obama had to quit because of law. Trump won.

Things are changing quickly. The question is how long will Merkel survive politically?

Extremist coming to power seems to me like an orchestrated attemtp either to:

1. Have them blamed for some bad sittuation, and then propose some harsh sollution.

2. Having some kind of power unly to be justified by a fear of the extremisms. In other words some kind of a saviour on a white horse is on the way.

3. Make peoples anger released uppon for example nonwhite looking people etc.

Merkel is and will be in power because she outcompeted everyone with an ability to please and flatter everyone with her moderacy. One day she speaks one thing the other something different depending what political opponent she wants to get rid of at the current moment.

What does bitcoin and economy has to do to it? I would say in 33 percent some crash will happen they will blame on far right and it would mean rise of bitcoin. But not yet.

Merkel is coming under increasing pressure from her policy, which in many respects violates the politics of her party. From outside Germany, it seems many see Merkel to be stronger than she really is.

I'm not sure about this but I would agree that there is no less globalisation, however we do see a larger push to limit globalisation.
Nationalistic parties are on the rise and there has been more vocal opposition towards numerous free trade agreements. Despite these efforts, I still think further globalisation is unavoidable.