The crash of 2008-2009 may have been the warning signal for what is about to come. A new bubble formed by a failing banking system has been waiting to burst again, amplified with the impact of Covid-19 on top, this could lead to a global catastrophy.
Some current facts:
- Global long-term lockdown that is restricting people's freedom is leading to protest, riots and psychological impact on a great deal of society.
- Economy collapses, companies go bankrupt and lots of people start losing their jobs.
- Pharmacuetical industries are taking benefits & big market gains.
- Increase in demand for bigger and more luxury houses because people are looking to have some more freedom due corona restrictions.
- Online shopping & gaming are booming industries.
Possible future:
- Housing market & financial banking system collapses, the monetary sytem as we once knew is becomes unsustainable.
- Stock markets are goiing down and even some big companies won't survive.
- More unemploymeny and poverty.
- Increasing criminality.
- Federal governments use the army as reinforcement to the police corps to achieve greater control over the people.
- Redistribution of wealth trough blockchain-technology.
How to store value and keep your funds safe?
If all markets have crashed, stocks & bonds are worthless, you may think off resources like oil or gold? Without the trust in money , gold isn't much of value for common people in daily life. If gold can't hold value any longer what can? A plausible answer is foud in digital assets like Bitcoin, Ethereum and other coins. The current monetary system is a corrupted mechanism run by a centralised authority. Cryptocurrencies are the thrustless solution, they are decentralised, transparent and know a lot of adoption over the last few years.
In what way will it affect our lives as we know?
- The future way to store value for everyone worldwide will be the same and easy wallet in their pocket, a smartphone.
- Blockchain-technology will provide honest voting systems for non-fraudulent elections, secure data storage and much more.