I was interviewed by Adam Stokes who runs his own YT channel, mainly covering Crypto. This is my version of the discussion.
The show covered a wide range of issues, from Crypto, Central Banks, Cash Bans and Negative Rates through to politics and democracy.
Adam’s version: https://www.youtube.com/watch?v=vWzhuqM_aoU
Check out his channel: https://www.youtube.com/user/adamstokes224
– Why does Adam Stokes have so much faith in (succesful) millionaires / billionairs who are in control of a country ? Only because they have experience in “managing money” ? These millionairs only have their own interests at heart and will use their power to erode democracy even more. The current Trump administration is a GOOD example of that.
– Based on my information Mrs. Clinton and Mr. Trump were in 2016 the 2 most corrupt presidential candidates EVER.
– Trump good at managing money ? He lowered taxes for the rich (and himself) thereby pushing the US budget deficit to over 1.2 trillion. Trump is good at managing/moving money into his own direction. And by doing so Trump is underming the US government even more and thereby undermining a thing called “Democracy” even more.
– On the topic of “Vanishing democracy”:
– It’s important to have a large, strong and prosperous middle class in a country. Such a middle class provides a natural and strong pushback to any authoritarian government. With rising prosperity in the 19th and 20th century democracy became stronger and stronger because the middle class also became more prosperous and stronger.
– But what I see here in Australia and in other countries is that this middle class is hollowed out bit by bit (e.g. by rising (income) inequality) and reduced to “lower class”, unable to provide “pushback” to “authoritarian governments”. In that regard, having A LOT OF (australian) consumers and businesses deep/drowning in debt “doesn’t help” either. It means that more and more people are becoming debt slaves. At the will of their debt-masters and losing their (financial) freedom(s). And with the loss of their (financial) freedoms/independence bit by bit, democracy will “lose ground” bit by bit as well.
– This doesn’t apply to the common people only. A number of australian politicians have investment properties and are in “Negative Equity” and they will do anything to relief their financial stress. And that opens the door to more possibilities of being “influenced” by “foreign entities”. See e.g. the recent discussion on the (supposedly) growing chinese influence on australian politicians. And then (australian) democracy will weaken bit by bit as well.