The Most Important Lesson You Will Ever Learn.... In Investing and Life
What is money?
There are Fools that think Gold is money....others think silver is money....some think commodities is money........and of course there is the camp that think currency is money.
EVERYBODY IS WRONG....NONE OF THE ABOVE IS MONEY.
The productivity of humanity is money.....and the moment one loses sight of this fact.....is the intant humanity begins its decent.
If you had all of the paper money in the world AND all of the gold......if you lived on a isolated island (with no outside contact) rich in commodities but no productive means to extract.......none of anything you had would be of value. You would need productivity to be able use any of the above.
Money and gold are simply a derivitive of productivity......and if there is no productivity, money and gold have no value. We collect them to simply exange them for productivity, labor and/or goods of others at some future date.
Once you gave government/bankers access to money without limitations of your productivity last March.......you gave up your freedoms. Why do you think Alstry became so outraged?
Because he knew......that once humanity figured it out, they would stop being productive and the world would shut down and it wouldn't matter how rich you were.......until we figured out a way for technology to replace humans.
There is one other way to extract productivity without money/gold....to be forced to be productive. Whether you are forced to be productive or give government/bankers unlimited access to your productivity......you are essentially a slave and nothinig more no matter how rich you think you are......
Why do you think debasing currency used to be punishible by death.......in effect, by diluting the derivitive of human productivity......you were stealing another's life.
Welcome to the Digital Age......it will be exciting.