ilmscore | Prediction Details
"now you have to also understand and protect yourself because no country no Empire no company can last forever I mean when you're at top then every other country in the world is trying to take your spot and so you want to be smart and understand what your dollars are your money is that way you can convert it to something real because I mean if we just think about it practically it costs about 12 cents to print a 100 bill as opposed to with gold this physical money it took real time effort and labor to mine an ounce of gold and so value of your gold was represented by how much time effort and labor it took to produce the gold now with money it takes a couple push of a buttons and now you can print out a hundred dollar bill what this means is if you go to work for 10 years and you save all this money you're going to save up a lot of money because you put in a lot of value over this 10 years at your job but if you just keep this money in the bank somewhere your money is not going to grow it's going to sit there flat but because this money that you're saving is just paper money the United States government has the ability to print money on command and we've seen this happen year after year after year the United States government keeps printing more money the United States National Debt keeps growing and when that happens more dollars enter economic circulation and each new dollar now dilutes the value of another dollar because as you have more dollars in the economic system the value of each dollar goes down that's why the price of Coca-Cola has gone up by 20 times over the years it's not like the value and the taste of a Coca-Cola has gotten 20 times better it's that the value of your dollar which is buying the Coca-Cola has dropped that's why the first law of money is really just understanding what money is supposed to be money is supposed to be a representation of value but when you just hoard these paper dollars these paper dollars can be manipulated by the Federal Reserve Bank and the government which means that you can go to work and produce fifty thousand dollars worth of value but that fifty thousand dollars with the value that you provide can be manipulated because the Federal Reserve Bank can just print a whole bunch of money and I have fifty thousand dollars of value that you've worked hard to provide really won't have that much value anymore because now there's so many more dollars in our circulation so what you want to do is first understand this and now when you're going to work to earn this money these paper dollars you want to convert these paper dollars into something that will hold its value on one end this could be something like gold and silver or it could be cryptocurrency now cryptocurrency is a whole lot more volatile you want to make sure you understand what you're doing in cryptocurrency before you just blindly throw your money in there but there's a lot of opportunity in cryptocurrency that's gonna be putting your money into the stock market because now you're investing your money into assets right now you're investing your money into companies that you believe in or you're investing your money into the general American economy if you're investing your money into index funds or ETFs this could mean investing your money into physical real estate buying rental properties which will now pay you with cash flow and now you own a tangible real asset that you can see feel and touch what you need to do is not just hoard all of your extra cash there's a time and place for savings you need to save money for emergencies you need to save money to buy your purchases and you need to save money for your Investments but you don't want to just be saving your money just to save it your cash is only backed by a promise it is a liability it is losing value each and every day and so the first thing you need to do is understand that that way now you can make smarter decisions with their money instead of just keeping all of their cash in your bank account you want to use your cash smartly that way you can use your cash to buy assets which will either maintain its value or make you more money"
By Minority Mindset | October 1, 2023 | Pending
From video
The Secret To Actually Earning Passive Income | Jaspreet Singh 01:11:14 - 01:14:37
Interpreted Prediction
To preserve value in an environment of potential currency devaluation due to government printing, convert paper money earned from work into assets like gold, silver, cryptocurrency, stocks, index funds, ETFs, or physical real estate. Hoarding cash alone leads to value loss.

Prediction Details

Topic
Convert Paper Money to Assets

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