These monetary dislocations have impacted several areas of our society. Consumer health relies on heavily inflated asset prices, not the health of the real economy. With price stability dissipating, rampant inflation has lifted consumer prices, lowering our standard of living. As we lose 2% of our purchasing power leaving our money in the bank, we must throw our savings into an overvalued stock market fueled by speculation and greed — not a booming economy that we desperately need. Since we have to work 300% harder to buy the same stock, we’re always busy, tired, and broke. We take shortcuts, bolstering the disastrous American diet. Our lust for fast food has created a simultaneous mental health and obesity crisis.
The 1971 Nixon Shock was the beginning of the end for shared American prosperity. Although disparities and inequalities still existed on the gold standard, they were nothing compared to what we have today. The U.S. dollar’s gold backing offered unrivaled stability. Productivity rose alongside wages, inflation remained stable, and, despite the Federal Reserve destroying 2% of the Greenback’s purchasing power each year, citizens enjoyed the simple luxury of earning a positive yield on their savings.
It was after Nixon pulled off the greatest illusion in monetary history, ending the gold standard, and forcing the world to embrace a fully-fledged fiat currency system, that financial order descended into chaos. Slowly, over time, income inequality has skyrocketed, currency and banking crises have emerged at a Napoleonic pace, and public debt has almost exceeded War World II levels.
I outgrew some relationships, and distance made other friendships impossible, but I can’t shake the feeling that I could’ve done more for the people who, for a long or short while, have been by my side.
But time healed things, and we always forgave each other. In our first year of college, we somehow convinced our parents to let us live together and rent a studio in the city. We were 19-year-olds, and the world was our oyster.
By the time the school year was over, and we had to give up the apartment, the landlord refused to give us our deposit money back, claiming that we had stained the couch that we both shared and slept on — a sorry looking foldable sofa bed.
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h this job market is going to be weeks or months before you receive an answer anyway, you might as well start searching and applying early, but not so much that you risk burning bridges by being completely unprepared when an opportunity eventually arrives.The rise of blockchain technology has revolutionized how we think about money in the 21st-century. It’s the first time in history where money can be transferred peer to peer without passing through a central authority, the first decentralized network to enable the financially savvy, from hardcore Cypherpunks to GenZ libertarians, to break free from the tyrannical forces of the modern financial system.
My cousin and I were born three months apart. Ever since kindergarten, we were inseparable. We sat next to each other in school and were at each other’s houses all the time. Despite being second cousins, we looked very much alike, and since we shared our last name, many of the teachers assumed we were sisters.
Yet, after all this, society has yet to lose total faith in the system. The 21st-century elites will go down as the greatest perception managers of the modern age. Deep down, however, they — and we — know this system cannot last. No power has suspended gravity forever, and mother nature will make no exceptions for modern-day technocrats. This abomination of a system will eventually meet its demise, but as it benefits the elites, they will try everything in their power to keep it alive. Recognizing the U.S. financial hegemony is under threat, they have started to devise a Plan B to maintain power when the old system reaches breaking point: An Orwellian crypto-based monetary system.
We did act like sisters in some way. Our relationship was hot and cold. We gave each other chickenpox because we just couldn’t keep away, only to stop speaking for months altogether for some ridiculous reason. We’d be best friends, and then we’d give each other the cold shoulder.
I am an idealist. In the perfect world I carry around in my head, people want to learn. They want to get better. They want to stop doing stupid things. They want to figure out what is right and wrong. They approach issues with as clean of a slate as possible and try to figure them out. They want the best for all, but if they can’t have that, they want the best for the most. Yes, they are interested in the impact on them, but it’s not the priority.
We’ve all been bad friends, and we all have memories that sting. Hopefully, we’ll learn from our mistakes and never repeat them. But sometimes, the damage is done, and there’s no way to recover. Take a walk with me down memory lane and discover three ways I’ve been a terrible friend over the years — it might teach you a lesson or two:
Our parents’ relationship was just as unstable. We either had her family for dinner most weekends or didn’t see them for years. Gossiping brought on a lot of trouble in our family’s dynamics, and it also generated conflict between my cousin and me.
In the above function, I used .rename method to rename the lng column to lon. In the original, dirty function, a new column was created and the old one was dropped which was unnecessary.
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