“Human civilization is at an inflection point. Inflationary monetary policy against the backdrop of technological deflation means either that ever more power will become concentrated in the hands of the state, or that one by one, individuals will voluntarily opt into and adopt a superior monetary system, the rules of which cannot be arbitrarily changed.” – Dylan Leclair
We are at the precipice of the greatest change in our monetary system in nearly the past century. The long term debt cycle is in its endgame. What has led us here, and what future does Bitcoin make possible with its emergence coinciding with the conclusion of the legacy monetary regime. Taking a deeo dive on this topic with this new article at Bitcoin Magazine, written by Dylan Leclair.
For other great episodes to explore and dig deeper into the relevant ideas, here are a few mentioned during the show:
Utopian Dystopias (by Aleks Svetski)
Fraying of the Petrodollar System (by Lyn Alden)
Part 1 – https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-1/
Part 2 – https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-2/
Check out the huge set of charts & statistics that demonstrate the massive long term debt cycle, and at what point we find ourselves in: