When you think about the massive scale of financial corruption in the world today, it may seem like the average person is ill-equipped to tackle this problem. Over the last few decades, the financial system and government interests have merged further to create a state of financial fragility that can’t be sustained. One of the main differences between this situation and past economies is that the people have the tools to fight back.
Get Educated
The first thing you need to do if you want to fight back against financial corruption is to get educated. You need to look at money as a stand-alone subject and you need to do some research. You should understand the history of money, why it’s paper now, and how the global economy has shifted over the years, and more importantly recently.
You need to learn about the types of income, passive, portfolio, and earned, and how your focus dictates your results. Earned income is what you get from your job. It’s easy to spot because it’s income that stops if you stop showing up. Notably, it can be wise to retain your earned income even after your passive and portfolio income achieves your goals.
Portfolio income can fall under stocks, commodities, and other paper assets. This style of income is good to understand and possess. However, it’s rare to meet someone who lives off their portfolio income. This scarcity is because most portfolios require substantial capital to produce livable returns.
Passive income is the best option when possible. This form of income continues to come in for past effort even when your hands-on labor is completed. In the past, royalties, rental payments, and residual commissions were the most common forms of passive income. Today, there’s an entirely new class of highly accessible passive income stream via DeFi (decentralized finance) networks.
The History of Money Makes a Difference
There are many reasons why the history of money is just as important as its future. For one, you will be able to better understand the concept of money as an emotion when you see how it has shifted to many different forms over time. Today, there are digital currencies, before that was fiat, and if you keep going back you can trace the history to the point where it became simply any item that fit the criteria.
The history of money will help you to see how global conflict has reshaped the economy. War is the one occurrence where countries must spend un-relentlessly. As such, it has always been a catalyst for economic shifts. In ancient times, nations would keep their funding in gold. Gold was ideal because it was not controlled fully by any nation and it was hard to fake.
These same traits, plus portability and convenience helped paper money become popular before digital transactions took over. Today, the financial system is on the brink of another major alteration. For the first time in recorded history, there are reliable and secure decentralized currency options.
These currencies are not beholden to any single country with many even being incorporated out of the jurisdiction of centralized regulators like META 1 Coin. This structure helps to buffer long-term savers against regulatory bite back. It also enables the network to provide more features and services to a global crowd.
You can see from the history of money that there has been a steady push toward digital currencies since the mass adoption of smartphones. Decentralized networks require far less infrastructure than traditional financial institutions which makes them a more attractive option for emerging economies and developing nations.
Fight the Issues Facing Savers today
There are many ways in which you can fight the issues that keep the average person from achieving final success. Each concern needs to be addressed individually to get the best results. Here are some of the top issues faced by savers and how you can leverage digital assets to protect against their negative effects.
Inflation
On the top of the list is inflation. The loss of buying power in fiat currencies continues to raise eyebrows with concern in the market. Already, some nations are at 40-year highs in terms of inflation. These high rates mean that the average person is paying more for their goods and services than at the same time last year.
Inflation is a major issue for savers because it creates a situation where it doesn’t make sense. There is no reason to save an asset that declines in value over time when there are several other options that do the opposite. Step one to fighting inflation is to find inflationary-resistant assets.
Digital currencies like Bitcoin and META 1 Coin are smart alternatives to fiat currency when it comes to fighting inflation for multiple reasons. For one, these networks have predictive issuance schedules and limited token supplies. This structure has proven to be a great way to drive demand for an asset over time.
Bad Policies
Overpricing remains one of the top reasons that the inflation rate has skyrocketed recently. Politicians aren’t bound to the same logic as accountants. Consequently, they will often conduct policies that are for the good of their backers but not the long-term health of the economy.
Public blockchains operate as pure code which means there is no central group to dictate policies. This structure provides relief from outside influences such as bad monetary policies. No politician can order the issuance of Bitcoin. As such, it remains an agnostic way for people to store wealth globally.
Interestingly, there has been a massive push toward decentralized governance systems in the crypto market. These systems enable token holders to vote on changes and upgrades to networks. Community governance systems are very popular and have proven to provide a high level of unison.
Censorship
It’s become increasingly more difficult to spend your money how you want. It’s more common than ever for financial institutions to block a transaction for any number of reasons that fall into their guidelines. This confusing and intrusive method of monitoring economic activity is detrimental to the growth of a free global economy.
Cryptocurrencies offer censorship-free options to the market. You can send cryptocurrencies anywhere, to anyone, without delay and with no permission. This open nature has led to a surge in DeFi adoption rates. These networks provide the best way for people in oppressive nations or those targeted by other nations economically to secure access to basic financial services.
Many in the crypto market believe that access to basic financial services is a human right. Robert P Dunlap, the founder of META 1 Coin spent years researching how to structure the project in the most censorship-resistant way possible. Consequently, today the network offers an open and fully transparent experience to savers.
Confiscations
There is a trend emerging that should trouble everyone who seeks to secure a financial future. Government confiscations are up globally. For many people, the concept of the government confiscating your savings may seem unrealistic. However, even in developed nations such as the US, there have been instances where the government has made it illegal to not sell your gold to them at a lower rate.
This scenario would be much worse in a society where digital assets were controlled by the government rather than the people. CBDCs could be swiped from citizens in a flash. Reversely, it should be every saver’s goal to build up holdings in agnostic assets that cant be accessed by anyone other than the person holding the private keys.
Even governments are seeing that it’s best to hold reserves in these highly secure assets. Nations around the globe are conducting financial warfare by stealing and locking up others’ accounts and blocking access to financial services. This tit-for-tat battle has resulted in nations seriously eyeing reserves held in secure digital assets.
A Crossroads
The global economy is at a crossroads in terms of how the digitization of the market will proceed. The central banking community has recognized the advantages of decentralized currencies and sought to commodify the industry with their version of the tech called CBDC (central bank digital currency). This system takes the efficiency of cryptocurrencies but adds centralized controls. They leverage the ability of blockchains to provide real-time monitoring to gain the ability to meticulously track every bank user in real-time.
Reversely, the people have shown they want more freedom such as a separation between money and government. Bitcoin led the charge that is now being pressed forward by advanced DeFi-capable networks like META 1 Coin. Many nations in the world have shown interest in a less controlled and censorship resistant economy.
El Salvadore changed the market forever when they made Bitcoin a legal tender last year. Their decisions, which went against the desires of the global banking elites, helped the nation offer a viable way to escape inflation. It also showed other nations the benefits of having a digital currency in operation within their economy. This decision is having a ripple effect that should drive more nations to follow suit. As more nations join the open economy, it will create more opportunities for digital currencies to make real changes.
Look Towards Future Tech for Better Results
There are so many options that savers didn’t have years prior thanks to the introduction of blockchain networks. Cryptocurrencies offer a secure way to conduct international peer-to-peer commerce. The main drawback is volatility. Since these assets are new and many have small market caps, they’re extremely volatile
Long-term savers and day traders have different requirements. For a trader, volatility equals opportunity, for a saver, it equals stress. Thankfully, years of stablecoin research and development have led to the creation of safehaven tokens. These assets leverage reserves to decouple from the market like stablecoins, however, they offer additional protection.
Safehaven Tokens
The top-performing safehaven token in the market, META 1 Coin, provides a glimpse into the future of digital assets. This advanced token leverages a reserve of gold-related assets. This structure provides the token with self-appreciation over time. It also enables META 1 Coin holders to enjoy the benefits of gold with the convenience of cryptocurrencies.
META 1 Coin introduces a host of protective measures that are unique to safehaven assets. For example, there’s a whale manipulation system that prevents bots, trading firms, and corporations from participating in the DeFi features. This approach reduces trading volume which lowers volatility.
The goal is to prevent whale manipulation. To accomplish this task, the developers have sought to remove the groups most likely to participate in these activities. Additionally, there is a $5M token limit set on each account. This setup helps to keep the network decentralized over time as it expands.
Take a Stand with Your Actions
Actions speak louder than words. In terms of standing up for your financial rights, this statement means stepping away from the systems that have been put in place to prevent you from succeeding and embracing those designed by and built for the people. Everyone deserves the right to save up their earnings and create a better life for themselves and their loved ones. For many, the first step will be to enter into the decentralized economy.
Leveraging projects like META 1 Coin which offer low volatility and long-term store of value characteristics is the right move. These networks have come a long way in terms of onboarding. Nowadays, anyone can convert fiat into META 1 Coin using the simplistic Onramper portal which opens the door for mass adoption.
The Revolution will be Decentralized
The advantages that digital currencies bring to the market are too large to ignore for all parties. For the people, they offer a glimpse of a free and more balanced economy. One in which they can have their opinions heard and generate wealth with less effort. These desires are the driving force behind the digitization of the global economy.