The Global Adjustment

As we examine the recent global events of chaos and uncertainty, it is clear that shaking and transition are unfolding in our world. Many things no longer even make sense. The once-powerful US appears to be on a collision course with self-destruction. How is it possible that a nation-state can consistently and consecutively continue making the worst possible decisions? Policies that are “suicidal” in nature are being made for the “good of the country.”

This may disturb onlookers, but it is alarming enough for many citizens to leave. Florida is the only jurisdiction with any common sense remaining. Much of this began with the pandemic, and once loyal patriots realized they would be better off elsewhere, they left. This was also quite evident to many in the Crypto space; looming laws and policies threatened to limit and infringe on their freedoms.

Not only that, but many also envisioned an actual threat to their earning capacity due to limitations and taxation. This sparked a significant move into locations such as Portugal and Puerto Rico. Malta and Thailand also became locations of choice. Now, you will note that people are leaving First World countries in favor of countries ranked much lower in income potential and economic strength.

The distinction of countries regarding wealth, resources, and other economic data is known as global stratification. The following is an excerpt from StudySmarter describing global stratification:

Accordingly, global stratification refers to the distribution of wealth, power, prestige, resources, and influence among the world’s nations. In terms of the economy, global stratification refers to the distribution of wealth among the world’s countries.

The critical aspect to note here is that people are leaving top-tier countries in favor of countries that rank much lower in terms of “financial satisfaction” and service delivery. The screenshot below clearly highlights how some locations I mentioned are at the “bottom end of the scale.”

Reversion

Looking at many First World countries gives one the impression that they are actually in a state of reversion. Once sophisticated nations are going backward in multiple areas, it is inherently critical to stability and advancement. One must also remember that individuals and families take their wealth with them when they leave these jurisdictions. This is likely to be invested in real estate once they arrive at their destination of choice.

Online income, Crypto income, enables individuals to be independent of location. Previously, if one desired a higher income level, the only solution was to find employment in a First World country. Those days are gone, although, for many, it is still quite applicable. However, what I am suggesting is that it is no longer expedient. Earning potential within the Crypto sector is not dependent upon location.

Many Cryptoneurs operate as digital nomads. As First World countries become increasingly unstable and unreasonable regarding their policies and laws, expect Third World countries to become increasingly attractive to those with means. Due to corruption, many Third World countries are restricted in terms of economic growth and other vital partnerships. However, that only affects those earning an income within their borders.

Many will opt for the fantastic beaches and freedom if income is generated online. They will find ways to work around the “negatives,” such as poor service delivery and other issues that can be resolved, provided one has “means.” Crypto is very much at the heart of this transition. As I mentioned earlier, COVID and other regulatory issues have already been enough motivation in recent years.

However, several First World countries are still “worthy” of the status. The screenshot below shows a heat map identifying First World countries worldwide.

With citizens having access to location-independent income, this heat map might look somewhat different in 10 to 15 years. Crypto will play a key role in diversifying wealth outside the once sought-after jurisdictions.

Final Thoughts

In so many ways, things are beginning to change. When one considers WEB3 and AI… it becomes so blatantly clear how fast our world is moving toward digital expression. Location independence is becoming more and more prevalent, and Crypto is leading the field. Expect things to change drastically in the next 10 to 15 years. Furthermore, expect once-unknown locations to become sought-after jurisdictions of residency. These are my thoughts, opinions, and predictions regarding the future. Either way, things will appear somewhat differently in the world of tomorrow.