Part 6/17:
Major historical regime shifts—like the American and French Revolutions, the Protestant Reformation, and the breakup of monarchies—demonstrate that society often reacts to systemic overloads with radical change. Currently, face-to-face with academic, financial, and political erosion, the world could experience yet another major shift, driven by technological leaps and monetary innovations.
The Role of Currency and Trust
A major theme is the crisis of trust: between nations, governments, and the monetary system. Historically, currency backed by gold provided stability, but the shift to fiat in 1971, combined with excessive debt creation, has led to uncertain valuations and distrust.