AS ROBERT KIYOSAKI SAYS, YOU WILL NEVER GET RICH WORKING FOR SOMEBODY ELSE. You won't get rich by running your own business, either. To really get ahead, passive income is the name of the game... you need an investment stream. At the moment, no investment offers better returns than cryptocurrency.
Lyn Alden says, "Successful investing, most evidence seems to indicate, is more about being rational than intelligent."
Bitcoin is the latest in the twisting evolution of money, the first commodity to escape use value, and become a sign. Of course, wealth is only a step towards power, and I believe that they are mathematically connected, two different variables in an equation. Fame is another derivative of wealth.
Money is the signifier that annihilates every signification. Once upon a time, as Jean Baudrillard said, money had a referent, the gold standard. Those days are far gone. Now data = money = power = fame. Bitcoin is the latest stage in this evolution. It brings money back to earth, giving it concrete value.
A great deflation is coming... the debt deflation.
According to the Hayekian perspective, money is a communication tool. It is not a product to be consumed; it is the medium through which economic activity can take place, and for capital to be accumulated.
Gold is a dead man walking.
You need to monetise everything, in order to be passive. But you need to be active, too...
MONEY IS THE MEDIUM OF TRADE
Without the use of a common currency, there would be no concept of price. And without the concept of price, it would not be possible to do any range of economic calculation.
With the Brave browser, you can earn money just by viewing ads. I have earned 1BAT (US$0.20) the past week doing just that... it might not sound like much, but it all adds up. With Presearch, you can earn money from searching. Nonetheless, it is still at the scavenger stage of things... to really get ahead you need to leverage yourself...
Personal data is where it's at... it's the greatest commodity of our age. But to take a Kiyosakian angle, it is much wiser to invest your data, let it earn interest, than just to sell it off now. Even better, acquire the data of others, and then invest it. That is Google's business model, as well as Facebook's. They hooveerd up personal data, without even worrying at first about how to monetize it. Once such companies had become ubiquitous, they could bank on their brand, bank on their name. That's the Patelian approach.
As Baudrillard said, we have moved beyond the realm of production, we are now in the realm of reproduction. Speaking of money, Baudrillard wrote: "We are right in the middle of the sign's cool phase... we enter coolness when the medium becomes the message. And this is precisely what has taken place with money."
Economics miraculously succeeds in masking the real structure of power by reversing the terms of its definition
Once upon a time, power consisted of unilateral giving. Now, it is based on unilateral taking.
» Air Drops
» Trade Cryptocurrencies
The rise of Bitcoin will release the American dollar from the clutches of Triffin's Dilemma. It will be the greatest debt jubilee of all time.
PLAYING THE COUPON GAME
» Australian Voucher Codes
» Malaysian Voucher Codes
» Singapore Voucher Codes
REFORMING THE FINANCE INDUSTRY
» Islamic Banking
» Australian Rewards Cards
» Social Business
» Japan Travel
RECOMMENDED WEBSITES & WEBLOGS
» Bill Mitchell (Modern Monetary Theory)
» Trading Economics
By Robert Sullivan. Contact me by email: firstname.lastname@example.org. Visit my Google + profile.
phone: (0422) 204-477 (AUSTRALIA)