End of mainstreet economy and start of the new Digital currency

Policies led to financialization of the economy, creating a system that prioritizes financial wealth over real wealth and exacerbates inequality.

End of mainstreet economy and start of the new Digital currency
End of main street economy and start of the new Digital currency 

Government Fiscal Policies and the Decline of America's Main Street Economy giving rise to the new digital currency.

The decline of America's Main Street economy can be attributed to various government fiscal policies implemented over the years. Two significant events, the removal of gold from the US currency and the manipulation of interest rates, have had profound implications for the nation's economic prosperity.

These policies have led to the financialization of the economy, creating a system that prioritizes financial wealth over real wealth and exacerbates inequality. This article aims to explore the consequences of these fiscal policies and their impact on America's Main Street economy.

The Removal of Gold and the Rise of Fiat Currency

Between 1968 and 1971, gold was detached from the US currency, severing the link between money and tangible assets. This move allowed dollars to multiply at a much faster rate than the actual goods and services they could purchase.

Previously, in a capitalist economy, the increase in money supply was tied to the production of more goods and services, driving economic growth. However, with the removal of gold backing, money creation became detached from real-world economic activity.

The Financialization of the Economy

The detachment of the US dollar from gold marked the beginning of the financialization of the economy. Financialization refers to the increasing dominance of financial engineering in the lucrative financial markets, speculation, and credit-driven activities in the economy. Instead of relying on real capital to generate wealth, the new system relied on credit provided by the Federal Reserve and banks.

This shift allowed money to be made without contributing to the production of goods and services, creating a system that prioritized financial wealth over real wealth.

Financial wealth, which can be generated through speculative investments, leverage, mergers and acquisitions, and other financial activities, differs from real wealth. Real wealth is created through productive work and the production of goods and services. Prior to the financialization era, both the rich and the poor had opportunities to earn money and improve their economic standing. However, the new financial system tilted the playing field in favor of the elite, exacerbating wealth inequality.

Consequences of Financialization as it brings the end of an era.

The rise of financialization had far-reaching consequences for America's Main Street economy. Rather than creating wealth through innovation, entrepreneurship, and the production of tangible goods, the focus shifted to manipulating credit and financial instruments. This shift led to the outsourcing of manufacturing and the erosion of domestic industries as cheaper alternatives emerged overseas. Americans became consumers rather than producers, relying on debt to fund their consumption of goods produced elsewhere.Hence the need for the new DeFi to replace the end of cycle CeFi.

The Impact on Main Street economy as we have known it, and the soon to be new DeFi crypto economy mainstream does not even talk about

As financialization took hold, the benefits of economic growth became increasingly concentrated in the hands of those with access to credit, business connections, and financial expertise. The working class and small business owners, who were once the backbone of Main Street, faced increasing challenges in generating wealth and economic advancement. The new financial system emphasized quick profits through speculation and financial maneuvers, rather than long-term investment in productive industries.

Government fiscal policies, including the removal of gold from the US currency and the subsequent financialization of the economy, have played a significant role in the decline of America's Main Street economy.

The shift towards prioritizing financial wealth over real wealth has contributed to rising inequality and the erosion of domestic industries. To revitalize Main Street, there is a need to rebalance the economy, focusing on productive work, entrepreneurship, and policies that support small businesses and local communities.

However the current winter season of the fourth turning does not make for an environment of community building for the common good . With an endemic of delusional narcissistic individuals posting news about nothing other then themselves. In the everything now consumer generations who sees no end to the sweet life they have  had so far.

From blockchain coders to Contemporary visual artist it's a brave new world of innovation & change.

The complete decentralized digital ledger aspect of the new crypto economy is doing lots to level out the playing field. It is a game changer that requires a learning curve, however innovative entrepreneurial spirited types are stepping up to the plate and moving this evolving new economy forward.