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Ramon Gunn Gives an Overview of Financial Systems and the Future of the Industry

Ramon Michael Gunn

Ramon Michael Gunn works as an experienced financial professional in the banking industry. In the following article, Ramon Gunn explains describe what a “financial system” is, as well as how certain trends might affect global financial systems over the next 20 years.

The term “financial systems” is intimidating. It encompasses every aspect of life that has to do with money, similar to how the nervous system encompasses everything human function. Every major change to the financial system should make one a little nervous, and some big changes are on the horizon.

Ramon Michael Gunn explains that there is somewhat of a trickle-down effect in the affects of global economy as it relates to individual financial systems, but Ramon Gunn starts small with this article.

Financial Systems Explained

Ramon Gunn explains that a financial system is a set of institutions, for example, banks, stock exchanges, and insurance companies. This often extends further to include the employees in finance departments or accounting. Ramon Gunn explains financial systems on a global scale:

How Financial Systems Will Change in the Coming Years

Ramon Michael Gunn says that as if the idea of a financial system was not complicated enough, things will change very soon. The world of finance is shifting both on- and offline. Below are the 5 main factors that will affect global financial systems before the year 2040:

• Digital Advancements

Ramon Gunn says that the world as we know it resides in the age of the internet. More transactions than ever before are transpiring online. While most people are content to use the American dollar (or their native currency) online, a significant chunk of the world realizes this cannot continue.

The biggest digital advancements fall under the umbrella of “decentralized finance”. “DeFi” services are not managed by any government, and although the term is used for cryptocurrency transactions right now, its definition may expand in the near future. Many governments do not know how to tax cryptocurrency but are still looking into the security blockchain networks provide.

Environmental Impact

With the ever-present risks of climate change and pollution, future financial decisions must consider the environment. Along with reducing emissions, manufacturers should also focus on things like sustainable packaging and alternative fuels. To further this, honest, open information about environmental risk factors must be made available to companies and the general public.

Due to a lack of financial incentives, government(s) may need to clamp down on certain business practices to encourage green finance. This may include taxing the biggest polluters or stricter inspections.

Changing Demographics

Ramon Gunn says that the most notable demographic changes in the last century are from heavily populated countries in Asia. More people from Brazil, Russia, India, and China (BRICs) are demanding education, vehicles, and various other commodities. Thus, many products must be made for this growing audience.

Changing Geopolitics

The biggest geopolitical divide right now is the rivalry between the US and China. The world will also need to develop international business policies if we are to avoid climate change and other forms of environmental damage. DeFi aspects such as cryptocurrency may also shift the geopolitical landscape.

Ramon Michael GunnOther Forms of Structural Transformation

There may also be other changes to the world of business that we cannot predict explains Ramon Gunn. The global pandemic jostled workers, forcing many businesses to create work-at-home models. Other ideas like a 4-day work week will also change the structure of many financial systems.

The biggest form of structural transformation that most people will have to worry about is automation. More and more jobs can be done by robots or AI. While it is easy to think that this will free up more jobs for humans, this is not necessarily the case. Robots will probably replace workers in most low-skill jobs.

Finally, there may be a “carpet bubble” effect for any of the above changes. For example, Ramon Gunn explains that one of the drawbacks of cryptocurrencies (digital, decentralized finance) like Bitcoin is that it is not sustainable. The energy it takes to mine Bitcoin is on par with the energy expenditure of Argentina. One part goes down when another goes up.


Financial systems are important but complex. They are also constantly changing. Between most commerce being online, a changing world market, and thousands of jobs lost to automation, there’s a lot to take in. Even though these changes may be nerve-wracking, wise policymakers can start looking for potential problems to prepare for the future.