I always had doubts and smarter people about UK it has no utility for other world
You, Hitler and who else thinks of this?
Let's do the quick analysis over UK economics.
For this we should think of the country as it's crypto currency.
And while we're still at this let's compare pubs with ASIC miners, wallets with the Dorset cliffs, porridge with private keys, and Mark Karpeles with the Queen, cause it all makes sense.
The Simple analysis show's that productivity and export is way lower then debt and total money supply.
If we look at the world countries who will be like btc then it could be russia or china or usa.
If you mean simple as simple-minded void of any actual number, yeah you got this right:
Uk, M2 supply $3.6 Trillion, exports $714 billion.
China, M2 supply $37.5 trillion, exports $3548 billion.
Uk wins this by a double ratio.
I doubt that people in UK even care about this.
Also people take 30 year mortgages contracts but economy Has 30 years circle.
Soon they gona find out that their margin downpayment ammount are enough to buy property.
But the economy is one BIG fomo and fud many people like to get in late so they fomo.
Off course the next ones will be new generation but it's unlikely they fall in the same trap as their parents.
Anyways lessons learned and education is not for Free your losses are your teacher.
The next generation will not go along with this old fiat debt system they see allready how their parents did ended up.
The only way world can go from here is crypto the new generation will accept crypto very well.
UK all ready creating USDT based GBP coin , here is another thing people waiting for some magical CBDC but it ain't not going to happening the way most people think it will happening.
It will work that way, the goverment will approve one of the most existing blockchain and crypto currency as CBDC winners off course are those who got this cryptocurrency allready early off course that Will make many people to go against govermemts and riots( they see this like not fair that someone get in early and goverment will make it AS legal CBDC LATER)but they Will only fool themselfes becouse it's their own problem If they don't want to learn how the world works where they living in.
Govermemts can deal easy with those people the army can calm down every riots it's easy so those people gona just fool themselfes.
Anyways cash will not disapeare they just make cash to be exanglble with USDT and Stable coins instantly by using ATM machines.
Untfortunately many Banks Will close their doors If new Crisis or war dont start soon.