The French people see a massacre in form of massive riots all over Paris, for some rising fuel taxes causing intense emotions amongst the public representatives as well among the local folks. This was well displayed as major government and private property was damaged eventually concluding with massive number of arrests and a great deal, injured. Though this is very much related to the country’s monetary policies and the current financial resources, there acted out in order to get the cryptos stand out finally to replace the french fiat in order to avert such events in the future. The founder and partner at the Morgan Creek Digital, Anthony Pompliano, states a controversy theory and a fact as we witness an alarming number of people acting out of rage. Though the controversy theory is being considered a legit fact by many, Pomp puts it as, that governments control majority of the finance and regulate it on their own terms with the power to coin more currency. This has been causing serious issues as the living costs rises way up as a country gets circled with a major devaluation.
With governments coining their own excess currencies without paying heed to the economic drawbacks of it, people are being driven right into the wall of poverty with an absolute dead end. This is an excellent yet diabolical example of the development for economic inequality around the world.
With the French President, Emmanuel Macron set to visit Arc de Triomphe after the French riot crisis, we see a whole different side of the riots which although might certainly not be the direct reason, but given a group which was openly displaying the rage towards the very cause and that it all links to the wrecked financial system we all use today, we can surely excavate the situation a little more. Pomp suggests that the reason the riots took place the begin with is that people are fed up with the monetary flaws of the current taking a toll over the financial situation of a usual man with the only source of income, a job.
There come cryptos into the scene as Pomp states with a currency no longer within the power of a single massive authority or entity, people can opt altogether how their currency must be dealt. Even better in case a single currency gets regulated throughout the globe, there must be no currency devaluation or in critical situation a economic downfall of a country. This way the economy of the entire world would combine, setting facts right for the global village analogy.