The world is moving into a new era filled with political, economic and social instability. With reports showing how most countries including the US are running fiscal deficits, capital markets are becoming increasingly volatile as economic uncertainty increases.
economic instability increases demand for true stores of value.
And when it’s all gone and done, water and food will dominate value.
The economic crisis, as many experts have already predicted, is soon to happen. And even though it has been predicted, the damage would be worse than caused by the ones in the past.
On the part of Facebook’s Libra, indeed, with a currency of its own and a population larger than any country, Facebook can become a country in itself. And then Zuck will say, “the sun never sets on the Facebook empire.”