What we are experiencing now is nothing new. We saw this many times before. Unfortunately, it is rather common as the cycle keeps repeating.
In this video I discuss how cryptocurrency is our opportunity to break the boom/bust cycle that a scarcity, central bank driven system presents us with.
▶️ 3Speak
as always great analysis on Cryptocurrency . And of course it is going to change the whole world financially.
crypto is the new world
Summary:
The video discusses macro events and their impact on cryptocurrency. Task talks about how the current situation, including the pandemic and economic challenges, is not new in terms of financial cycles. He emphasizes the cyclical nature of the economy, where central banks control money supply based on different cycles. Task highlights the pattern of income decline and rising expenses leading to losses at various levels. He delves into the idea that governments are printing money to stimulate the economy but notes the limitations faced by lower-tier governments. Task also delves into the broader economic cycles over the decades and the potential revolutionary impacts of the current situation.
Furthermore, Task touches on the concept of universal basic income, critiquing government control over it and suggesting that cryptocurrency offers an alternative path by allowing people to participate in a market-based economy without central control. He explains how cryptocurrency can break away from traditional economic trends by aligning with technological growth. Task presents cryptocurrency as a means to distribute wealth and investment opportunities more equitably.
Detailed Article:
Task's video delves into the intersection of macro events and cryptocurrency, providing a detailed analysis of the current economic landscape. He starts by pointing out that while the current global pandemic may seem unprecedented, the cyclical nature of economic events is not new. Task highlights how central banks play a crucial role in expanding or contracting the money supply based on different cycles within the financial business cycle arena.
Task explores the impact of the current situation on income and expenses, underlining the key principle that operating at a loss occurs when expenses exceed income. He paints a picture of companies and individuals resorting to measures like raising capital, acquiring more debt, or selling assets to mitigate financial challenges. The discussion also touches upon the role of central banks in printing money to stimulate the economy, contrasting it with the limitations faced by lower-tier governments.
The video further delves into historical economic cycles, drawing parallels with past events like the 1920s and the 1970s and emphasizing the cyclical nature of economic boom-bust patterns over the decades. Task raises thought-provoking questions about the potential for social unrest and revolution due to growing societal anger towards oligarchs and the powers that be.
Moreover, Task critiques the concept of universal basic income controlled by governments, viewing it as a form of control that cryptocurrency can potentially disrupt. He presents cryptocurrency as an alternative economic model that aligns with technological growth, allowing for decentralized decision-making and value creation. Task envisions cryptocurrency as a tool to empower individuals by enabling them to invest in projects with the potential for high returns, thus breaking away from the traditional boom-bust economic cycle.
In conclusion, Task advocates for cryptocurrency as a means to democratize wealth distribution and investment opportunities, offering a pathway out of the existing cyclical economic model. He emphasizes the potential of cryptocurrency to create a more equitable and decentralized economic system driven by technological advancement and individual agency.