Shervin Pishevar has made some dark predictions for the US economy in a recent 21 hour tweet rant. He is a entrepreneur and venture capitalist who was appointed to the J. William Fulbright Foreign Scholarship Board by Pres. Barack Obama back in 2015. He posted 50 tweets that show why he feels that the future of economics in the United States is going to get worse before it can get better.
In addition to the vast experience he has had as a venture capitalist, entrepreneur, and angel investor, Shervin Pishevar has had success in the past anticipating economic downturns. For example, back in 2008, he talked about the eventual identity crisis that Facebook would undergo.
In his 37th and 38th tweets, Shervin Pishevar talked about entrepreneurs being stateless and mentions that capital can be raised in any way that entrepreneurs want. He said that all institutions, including financial and government institutions, are at the point of facing a reckoning of irrelevance. He anticipates a once in a 1,000 year shift, which has to do with a revolution in stateless digital currencies. He sees an expansion in entrepreneurship that will come from digital currencies and different methods used for fundraising. When a person wants to start a company, they can choose their currency. As more smaller companies are finding different forms of capital, they can spur the economy onward.
For the most part, the 50 tweets that Shervin Pishevar posted acknowledge unstable conditions in the United States. He talks about the stock market crashing, underemployment, and inflation. But the truth is, Shervin Pishevar has maintained a globalist perspective. He offers some hope as well. While some systems will crash, he feels like there is potential for better opportunities in the future.
In his 40th tweet, he said that a global economy can be achieved that is frictionless and more efficient when middlemen are irrelevant. He feels that a transparent society without as much volatility is definitely worth fighting for. This is not a new idea that Shervin Pishevar has expressed. Many feel that his opinion should be looked at seriously. As mentioned at the outset, he is on a committee that decides which Americans will receive Fulbrights each year.