I wonder what you smarty and talented SWE think about the argument in this video: https://youtu.be/mQUhJTxK5mA Disclaimer: This is just a random video I recently watched that makes me question the mordern means to create “wealth” - Fiat Money. Obviously, I would not blindly trust this. I am just curious to hear from your opinion.
You should watch the Hidden Secrets of Money series from Mike Maloney.
Thank you. I will take a look. 🙏 Btw, what do you think abt this video?
I don’t have time to watch it at the moment, but in general, I don’t support fiat money as it’s value always goes to zero over time.
This is so retrded man :(
Care to elaborate?
Money is a man made artificial concept. Whether it is real or not (fiat) is immaterial. It is a tool to manage a much more important concept: productivity (how much goods and services, we as society really produce). Now what happens to productivity is genuinely what keeps me up at night but not sure if there is any conspiracy there. Sorry i couldn't even be bothered to watch the whole thing, not even sure what the problem with fiat money is.
What is the alternative to fiat money?
I don’t know tbh. Some argue Gold and Silver. Some argue real estate
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You ever wonder why Jewish people own half the property in America? Here’s how they did it: Financial freedom my only hope Fuck living rich and dying broke
Why does it have to do with the Jews? It is one’s responsibility to learn and control their own finance and destiny. I agree with you that Financial Independence could liberate one to true freedom. Sadly, we live in a materialistic world and people overspend like it is a norm. P/S: I am Asian.
@OP it's a lyric from Jay-Z's song "The Story of OJ"