Recent geopolitical events seem to have created a perfect storm for the global financial system, such as it is. With the evolution of a multipolar US Dollar-decoupled world, and the rise of Bitcoin as a hedge against, well, everything, one must ask where this is set to end… Regardless of what Trump says he’ll do to the BRICS…
Since Trump took office on January 20th there have been stirrings in the global financial community. It appears we are approaching the off-ramp at an alarming and uncontrolled speed. Even if you briefly disregard the impending potential of bankruptcy for the US, the alleged lack of gold to back up the currency held by the Federal Reserve and the inflated balloon that is the stock market, you can see signs of change creeping into our global ‘system’ of finance, trade, and traditional stores of wealth.
One only has to look at the apparent rush to buy precious metals, acquire rare earth metals and copper and you will quickly see that we are entering a techno trade war. What’s interesting is the varied approaches being taken by the ‘big boys’ in terms of taming the beast. While Bitcoin was once seen as an illicit shadow of the monetary system, used to cover wealth and goods exchanges on the Dark Net, it has in recent months received a fully anointed blessing from the more aware members of the financial community.
Blackrock, MicroStrategy and others have taken Bitcoin to their hearts. Even Trump has played with the idea of a Bitcoin Reserve as a source of wealth stability and creation for the US; perhaps something that will help support his idea of a sovereign wealth fund the likes of which certain middle eastern countries and Norway already enjoy.
While Warren Buffet and Robert Kiyosaki wait patiently for the bubble to burst, Trump’s tariff threats and border actions signal a new era in the US – a more insular and self-serving one that may, or may not, be accompanied by a zero-rate income tax for workers. Replacing government income from everyday taxation of income with sales taxes, tariffs and corporate taxes presents a huge opportunity for the US in terms of growth and foreign investment.
After all, income tax was only introduced in the US back in 1861 to help pay for the Civil War. So why not look at ways of eliminating it? The English introduced it back during the Napoleonic Wars for the same reason, with other countries around soon seeing the potential and rolling out their own taxes over the 19th and 20th centuries. Remove income tax and stop funding the forever wars. There’s an idea…
So, imagine a world without income tax. A world where Bitcoin is the personal and private way to store wealth, keeping it away from the hands of ‘the man.’ Where trade tariffs and corporate taxes keep the national infrastructure intact. A sort of post-capitalist libertarian Randian world where individual progress and success is earned, not given; a world where equity and inclusion are replaced by personal effort and merit. A world where the individual can decide the type of life they wish to live and fight for.
As Javier Milei turns Argentina’s economy around (as long as he stays in power), and Elon Musk’s DOGE removes the excess spending of out-of-control government, we see a slimmed down, small government model emerging. Even the EU is reducing red tape! That must surely be a sign of something happening to our world.
As national resilience, self-sufficiency and sovereign wealth become focal points for populist leaders on the right, the left, still scrambling for legitimacy following the suicidal woke years, promise a life from cradle to grave that is overseen by the government. The problem is that governments no longer serve their people. They serve corporate and personal interests first, and the man in the street is all too aware of this.
What we are seeing is the birth of a new type of politics and economics.
It will have birthing pains, for sure, but it at least dares to threaten the status quo that has, since Bretton Woods, doomed us to the old saying that there is nothing sure in life but death and taxes. Is it possible that this might change?
Pay me in Bitcoin, gold, or silver. Don’t tax my income. Provide a decent standard of living, adequate housing and health care that is affordable for all levels of society. Bring back classical education and include financial education so people can learn to manage their money. We the people don’t ask for much more. Transparency, honesty, and fair, limited government is what people want.
What’s your opinion?
