The Next Crisis Will Come From Cryptocurrencies
Every decade or so, a catalyst is provided for a major economic crisis. The nineties had the dotcom bubble, the noughties had the sub-prime mortgage crisis and the twenties will have cryptocurrencies.
The post The Next Crisis Will Come From Cryptocurrencies appeared first on LUXUO.
Credit: Dmitry Demidko / Unsplash
Living on the banks of the mighty Mekong River that flows from the Tibetan Plateau across thousands of miles through Indochina and into the South China Sea, Tran Nguyen knows how high his home needs to be built above the banks.
Nguyen and his family have farmed and fished the Mekong for generations, through war and strife, they have carved a living for themselves, by reading the signals of the river that gives and takes.
But over the past decade, and thanks to numerous hydroelectric projects upstream on the Mekong, the once bountiful river that provided much-needed nutrients downstream has taken more than it’s given.
Crop failures have become more common and fish stocks have grown thinner.
Initially, the changes were too subtle to be of much significance, too slight to command much attention.
But in the past few years, the seasonal floods from the relentless monsoon rains that are part and parcel of life on the Mekong have been getting more extreme.
And last year, despite generations of the water level never rising above where Nguyen built his house, his home and all his belongings were swept away in a massive flood.
According to ...
The post The Next Crisis Will Come From Cryptocurrencies appeared first on LUXUO.
Credit: Dmitry Demidko / Unsplash
Living on the banks of the mighty Mekong River that flows from the Tibetan Plateau across thousands of miles through Indochina and into the South China Sea, Tran Nguyen knows how high his home needs to be built above the banks.
Nguyen and his family have farmed and fished the Mekong for generations, through war and strife, they have carved a living for themselves, by reading the signals of the river that gives and takes.
But over the past decade, and thanks to numerous hydroelectric projects upstream on the Mekong, the once bountiful river that provided much-needed nutrients downstream has taken more than it’s given.
Crop failures have become more common and fish stocks have grown thinner.
Initially, the changes were too subtle to be of much significance, too slight to command much attention.
But in the past few years, the seasonal floods from the relentless monsoon rains that are part and parcel of life on the Mekong have been getting more extreme.
And last year, despite generations of the water level never rising above where Nguyen built his house, his home and all his belongings were swept away in a massive flood.
According to ...
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