The battle between DeFi, CeFi and the old guard

We aren’t taught real economics in school. We learn, instead, voodoo economics. For example, rarely — if ever — do professors present us with the valuable insights highlighted by the Austrian school of economics.

Individuals, therefore, need to break their conditioning to understand how the financial world works. The truth of how the financial system was built, how it works, who controls it, and so on is a whole new world to them.

If you really dig into the truth and start to see how it all works, you might make certain connections, such as why Jesus expelled the money changers from the Temple, how Britain became a great Empire, and why the U.S. dollar has been losing its purchasing power. So many people use money on a daily basis but don’t question the system behind it.

I ponder two theories about the future of the financial world. One theory is that smart tech nerds have created blockchain technology, decentralized finance and all these technologies that are taking over the world. The other theory is that big financial institutions or governments have experimented with similar technologies and are today perhaps 10 years ahead of the publicly available DeFi movement. Either way, the elites behind The Great Reset at the World Economic Forum, who seek to remake the global economy, obviously have a plan and a new financial system ready to go.

While the elites work to reset the global economy for their benefit, crypto startups are developing services that compete with the most powerful Wall Street firms and central banks. Entrepreneurs and developers have begun building what they call decentralized finance, which represents an entirely new system where users can lend money in a decentralized manner, among other options. A few years ago, your only choice was doing so through a bank.

Although only central banks could print money not so long ago, DeFi is creating technologies where people are able to code their own transactional currencies in the form of…

Read More