Cryptocurrencies are not money but just a transaction mechanism. They have no proven safe store of value. They are collapsing, for reasons. Luckily, central banks just so happen to be ready to rollout out their CBDCs, which are not money either. CBDCs are only a payment mechanism linked to wonderful fiat currencies, like the US dollar, but they will save the monetary system. Or maybe not.
Even though we can’t do anything about where the world is headed, it is always helpful to understand as much as possible about what is actually happening. Why? Because this understanding allows adaptation, the key to survival – according to Charles Darwin. This post looks at a huge but underreported globalization happening and how we might best adapt to it.
Most everyone has heard the expression “tail wagging the dog” as used to describe a situation where a small part of something controls or directs the full critter. Turns out that this has actually been studied and quantified: the tail size threshold for control is just 10%. Who knew?
