2022's Best New Book on Bitcoin, Ethereum, & Ray Dalio's Coming "Civil War"
Hedge fund manager Ray Dalio, billionaire and Bitcoin early adopter, has warned the ingredients are there for a "civil war" in America at current trajectory - how does unrest factor into the rally?
Bitcoin, Ethereum, and other decentralized currencies have been waiting for a ‘black swan’ scenario like this: a rapid fracturing of the West, where former legal and financial structures cannot be fully trusted, causing companies and investors to build on the immutable blockchain instead.
Ray Dalio, one of the world’s most successful fund managers, recently warned that America is on path toward a civil war or confrontation of some kind, due to irreconcilable differences, as well as real growing inequality between those who have the least and those who have the most — including the bloviating professional class that hasn’t missed a paycheck since the pandemic begun, while millions of working class people have been reduced to second class status, and are hurting.
I bring Dalio up only as evidence that I’m perhaps not off base at all in FULCRUM’s brand new research booklet, as of this morning finally approved in the Amazon Kindle store (get it instantly here) and should be in stock as a paperback later this week once the printing is complete.
I try not to be overly negative or pessimistic, as the ship of life tends to right itself more often than not — but my view, and it’s a strong one, is that the ship of civilization has capsized. No rescue crew has arrived to save us, and if there’s one on the way at all, it’s far off in the distance.
Yet I’m only in my thirties. I don’t have the many years of experience, nor the honed financial muscles, of someone like Dalio (or Bill Miller, yet another billionaire who has gone Bitcoin, in part because he sees a similar deterioration of trust here in the West.)
These older men with far more means see the same outcome that FULCRUM keeps coming up with when we do the bar napkin math. It just isn’t good.
Now, the individual can do great in the years ahead, and the startup or novel consumer brand can do great as well. But these nation-states, and these legacy political personalities, have to contend with two years of a pandemic, vaccines that aren’t working well, a more divided public than ever, and macro-economic issues that won’t go away with any wave of the Congressional pen.
Treacherous America: Life In 2022’s USA is my most negative research publication to date, but I think it’s also — time will tell here — my most accurate. Bitcoin and Ether may thrive in the dystopia ahead; I’m hoping they will. But that doesn’t mean life will be pleasant, or easy, and it’s quite possible the gains in crypto will come at the expense of the national ease and cohesion which a formerly stable national currency provided.
The dollar may have been a massive scam, but at least it kept us all on the same page culturally.
People with different loyalties to different currencies will breed a new kind of tribalism, and perhaps the cancel culture hasn’t even begun properly: when you cancel another’s currency is when things get interesting.
Yet here we are, America has fallen and she can’t get up, and some of her peers like Australia and once stable Canada are arguably in an even much worse spot.
Read the new book now: https://www.amazon.com/dp/B09RWJS9S6/
Prior books and research: https://www.fulcrumnews.com/store-1