I've read a lot of books on WW2. A couple of years ago I was reading Beevor's 'The second world war' on a sunny day in the park. A particular passage about what it meant for a normal civilian to have to drop everything and leave their country. National currency worthless, bank & brokerage accounts frozen, real estate immobile, gold and precious assets too heavy to carry in a rush and liable to get seized on a border check.
I imagined what I would do in such a situation and how I'd protect my family & myself. I wanted the ability to leave and restart my life somewhere else with minimum fuss. That was my coin drop moment. The ability to leave any country with nothing but a series of memorized words and instantly get access to all your assets, in money stabilized by worldwide use, wherever you'd end up. That's power.
I'm reminded of that moment as we are seeing the people of Ukraine flee the conflict in their country, their lives uprooted over the course of hours. Long queues formed at ATMs for cash the banks never had. Back then I thought we'd never see this type of conflict in Europe again, but you never know I guess.
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