By Mark Norton: Editor @ BitcoinWarrior.net
I recently had a discussion with one of the contributors to this site about the fact that I sometimes post economic content rather than focusing on the main goal of the site, promoting Bitcoin and the people and businesses that are making it become a world force. In particular, this individual questioned whether posting about banks malfeasance, quantitative easing, or the myriad of other things that catch my eye should really have a home on a site with the name Bitcoin Warrior.
In part, the contributor was right. At the time I had the discussion, I was using a content provider to boost the number or articles to the site, and although the articles were great, their relevance to the world of Bitcoin had to be guessed at since they were published ‘as is’ and without further commentary.
But if helping people understand why they need Bitcoin and how it can positively impact their lives and the lives of their children, one of the things they really need to understand is that things are bad, that it’s time for a little (or a lot of) peaceful disruption, and that Bitcoin is disruptive to the current financial political system to its core.
Americans are an optimistic people who tend to think that things will work out in the end. They also tend to blame themselves when things don’t. These characteristics are great for the 1% who get to use that optimism to keep everyone striving for the American Dream, and that tendency to blame oneself when that dream never comes true. If once a significant portion of the people realized that they’re not getting ahead because they’re not meant to, that that’s the way the game is set up, there would be revolution.
Talking about what’s going on in the world of finance and politics, and especially how broken they are, is part of the project of Bitcoin. It is the fact that these are broken that gives Bitcoin its raison d’Ítre. I was powerfully reminded of this earlier today when I came across an article listing just how bad things have gotten for the middle class:
- The typical American household is now worth 36 percent less than it was a mere decade ago.
- One in four servicemen needs government assistance to feed their families.
- One in three Americans have unpaid debts currently in collections.
- Less than half of all Americans have cash to use in an emergency without borrowing or selling something.
- Despite claims that inflation is moderate, if inflation was calculated today the same way it was in 1980, it would be a staggering 10%, not less than 2.
- Home ownership for the under-35 set is the lowest it’s ever been, and many see buying a house, once the bedrock of the middleclass financial portfolio, as a loser’s investment.
- More than half of all Americans can’t even afford the house they’re in right now.
- 17% of men between the ages of 25 and 54 are unemployed.
- More than a third of Americans have no retirement savings.
- Most of the fastest growing jobs in America don’t require a Bachelor’s degree.
- Many of those jobs are filled by temp agencies.
- One in five children in the US is living in poverty.
These are the types pain points that we need to remind people of. These are the types of pain points that Bitcoin just, but only just, has the chance to help us rectify.
This list has been adapted from The Economic Collapse.