There are currently riots going on in Chile, Hong Kong and Lebanon. While in every place they are caused by complex local issues, there is a global problem that is an underlying trend: low interest rates which make it impossible for young people to save for their future and at the same time push housing prices to become unattainable. And people with no future are easy to take to the streets. Cryptocurrency offers an alternative in the form of taking away governments’ power to control people’s money.
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A Global Generational Revolution Is Brewing
At least 17 people have already died in Chile as a result of clashes between protesters and security forces that were sparked by a minor hike in public transportation prices. In Lebanon members of different religious and ethnic sects have joined forces to fight against a tax on Whatsapp calls. And the people of Hong Kong continue their protests against the administration, despite the fact that the extradition law to mainland China that triggered it has already been withdrawn.
Other incidents of anti-government protests recently occurred in Catalonia, Spain, Bolivia, Ecuador, Guinea and Iraq. These events are the result of varied local issues that appear to be unconnected, but the fact that they are all happening around the same time suggests there might be an underground current bringing them to the surface right now.
Looking at the different protest movements around the world, the common denominator that stands out is that they are all led by young people or that young people are the most militant group. The youthful spirit was often a factor in riots or revolutions in the
