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The Financial Reset That Will Follow The Digital Revolution
The world is about to herald the wonders of the fourth industrial revolution with the developments of the digital world being on the front page.
The digital revolution is already transforming our living conditions and will eventually lead to world prosperity, reduced conflicts, better communication, and better asset management.
The financial revolution can begin immediately with a reset of the handling of financial affairs, reduced government interference, and enhanced financial freedom.
However, some irregularities will need to be corrected, with the first one being the current condition of the stock markets. Modern financial planning is not about the redistribution of wealth as some may think. It is about reducing the unbearable taxation cost and the heavy national debt amassed through the last decades.
Since the pandemic started, money has been pouring into the stock markets as an attempt to patch the problems a recession and the covid production halt brought.
Stocks are extremely overvalued and unless there is a 20-year plan to sustain unprofitable conglomerates with taxpayers’ money, then most of these stocks ought to crash. Otherwise, it will be the taxpayers paying forever for the mistakes and incompetence of CEOs.
This is not because anyone wants to see Tesla or other unprofitable and government-aided companies crash. They deserve to crash, since they are running at a loss for multiple years and have not produced what they proclaimed.
Stock prices decoupled from the economy since the beginning of the pandemic. The stock markets used to reflect the real economy, but right after the enormous crash of March 2020, the trillions the FED and ECB printed went directly to the support of stocks and the top corporations.
Eventually, since most of these companies didn’t use this money for R&D but speculated to increase their stock price parabolically, this will be reflected later on their balance sheet when in different conditions they will be once again underperforming.
Do we need to keep getting taxed for the failures of executives that are amongst the wealthiest people on the planet? Everybody makes mistakes, but for some, it doesn’t seem to count at all.
As long as the tax-payer is paying for failing companies, then these will only continue to be failures. There is hardly a free market in any field or industry inside an economy, but there are also consequences. When a business executive fails, the public should not equally share the consequences.
This only creates further taxation just to keep businesses active when they are not even required, or delivered any of their promises.
When investing in any stock, I expect to see robust production, reduced cost of operations without making its workers suffer from wages cuts, but with the development of solutions and a better business model of operations.
I expect to see excess profits used for research and development, which is the fundamental factor of operational progress. Microsoft didn’t pay dividends for decades to the stock owners. I don’t care for dividends either, since this is a short-term profit. I’d prefer to invest in progress and support the development of products that will increase the living conditions of millions. This is the reason investment exists. The short-term risk is something not even considered by investors.
A major reason I support and invest in Bitcoin Cash is this. There is robust development and a state-of-the-art network.
Also, the main reason I shun investing in BTC, which is currently quite the opposite, developing methods of turning crypto into government-controlled fiat and producing awful results.
The digital revolution is upon us. The younger ages have an entire world of opportunity opening up and it is up to them to grab it and shape the future into a better one for all.
It is up to each one of us to protect our fundamental human rights of financial freedom and privacy. It is of equal importance to protect ourselves from industrialists socializing their losses.
As governments will start weakening and decentralized digital environments perform most of the government tasks better, I expect that strict regulations and progress stagnation will become the number one priority of professional politicians.
At that point, we all should be ready to act and clarify that we will not tolerate paying obsolete government officials for work that is not required.
Decentralized finance and smart contracts in governance, immutable, and censorship-resistant will bring justice to the current failing economic experiment.
It will take steps to reduce the giant governments in the west that are currently reaching communist economies’ size. Although, now, we have the tools at our disposal.