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Neoliberalism is a nemesis to nowadays society – How can we fight it?

neoliberalism

Neoliberalism is started out as a good idea. However recent events proved that it is not working and economists have been lying to us for decades about it. Let’s take a look at how economists are not telling us the truth. A nemesis that many people don’t know about First, let’s take a look at

The quality of money is important, but do we have the quality we deserve?

quality

The quality of money is important. We use them daily, but are they really the best option we can use to pay the bills? Let’s take a look at if there is any better way to own and use money. Hierarchy of money The reasons why the monetary system is closer to socialism rather than

Financial system has shortcomings, but they can be fatal

financial system

Current financial system and cryptocurrencies. If you are interested more deeply in this topic, you certainly know the differences between them. But could you put together the biggest shortcomings of the current financial system? Let’s take a look at what the current financial system is faulty in. The gold standard was far too good –

Pandemic is telling us it’s time to adopt cryptocurrencies

pandemic

The difficult, pandemic period has tangled many industries and, above all, has damaged banks. This could lead to better acceptance of cryptocurrencies. Let’s take a look at the possible scenario of accelerated acceptance of cryptocurrencies. Efforts to recover We have already brought you reports on how the coronavirus caused significant bank losses or how investors

In a changing world, you need to think differently so that you don’t lose your savings

global, world, history

The world changes every day and sometimes it’s hard to keep pace. Of course, payment systems and economy are changing as well. The sad truth is that the knowledge you have probably no longer applies. Let’s take a look at how you can change your thought process when dealing with finances, so that you don’t

Our economy and lives will be influenced by these 8 factors

factor, economy, week 44

There are now 8 main factors, that will influence the economy and its development in the future. Problem is that we don’t know what kind of impact that will be. Let’s take a look at these situations. The problem of three bodies If you’ve ever studied math and physics a little in depth, then you

World is insolvent due to COVID-19 crisis

covid-19 pandemic

To understand why the financial dominoes toppled by the COVID-19 pandemic lead to global insolvency, let’s start with a household example. The point of this exercise is to distinguish between the market value of assets and net worth, which is what’s left after debts are subtracted from the market value of assets. Household example Let’s

Globalization and financialization are dead, what will be the next big thing?

value, inflation, week 46

The drivers of the past 75 years of growth – globalization and financialization – are dead, and so is everything that depended on them for growth. Here’s what’s poorly understood: globalization and financialization die when they stop expanding. Just as a shark dies if it stops swimming forward, globalization and financialization die once they stop expanding, because

Renato Rodríguez: Paper money will cease to exist in 2 decades

US Dollar, peníze, scandal

Renato Rodríguez, an expert businessman in economics and mathematics specializing in crypto economics for more than 10 years, explains the importance of crypto in today’s world. The digital economy has evolved since its inception ten years ago. Digital assets function as money and move stably within the financial market. In addition, there are digital wallets

Worst cases of hyperinflation in history

inflation

The conventional marker for hyperinflation is 50% per month, which was first proposed in 1956 by Phillip Cagan, Professor of Economics at Columbia University. Below we review three other historical cases of hyperinflation. Hyperinflation is extreme or excessive inflation where price increases are rapid and out of control. Most central banks (such as the U.S.

Is cash outdated and should we get rid of it?

cash hotovost

Physical money or else cash – a chinese invention that we as humanity have mastered so much that we can recognize its “whispering sound” even without seeing it. A small piece of paper that so far gives us a feeling of some freedom and independence. Color-coded papers with printed numbers, which, in addition to a

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