2. Welcome Social Mining, the Vehicle of the 4th revolution!

Part 2 of Affidavit of Trust — Blockchain as the Great Equalizer — Social Mining

Well, the 4th revolution is here. Only 100 years after the main kick off of the 3rd wave and 50 years after China allowed their companies to keep production quota surpluses in order to break the cycle and create a communist governed capitalist empire. However this empire runs on American Dollars.

Asian economies, similar to the African and South American industry conglomerates, rely on the Dollar, often pegged to their native currencies. One picture is the same scenario we experienced in the mid to late 1990s, American creditors pulling out their investments in order to maximize gains, governments defaulting, stopping the printing of bank notes, starting with the default of the Thai Baht and sweeping over to all other nations.

This is what kicked off the industrial crisis of the 5 Asian Dragons, where countries ended up paying a multiple on their debts in their own inflated currency. This has led China to amass the biggest dollar reserves in the world to keep their exports notoriously cheap and labour costs low.

A good single use case is the 1992 breakdown of the bank of England made possible by greed and false motivation to have their national bank’s model transferred to what became the European Central Bank. The ambition to create a strong currency with a minimum of inflation and spread, allowed Soros and his pals to massively short the pound and cash in billions.

The counterpart is the Zimbabwean hyperinflation that was made possible by the misguided ambition to nationalise and chase the driving economic forces out of the country.

The balance that is required to protect the small user or working class is not achievable in our today’s society with decreasing growth and negative interest rates. The golden 20s are 100 years ago. It’s over for them, blockchain can regulate, balance and ultimately ensure more equality. One can only can imagine the perverted ways Banks will seek out in the future utilizing crypto to drive their interest rates, creditworthiness and solvency and how they fail to see the bigger picture. One example for this simplicity and hunger at easy gains with a minimum of technological knowledge are Bank collectors coins.

This struggle will be fought on the back of the small worker, we don’t have this. Social Mining is and will continue to balance this injustice and even if it’s only a grain of sand in the hourglass of our world economy, it is a step in the right direction.