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Open original source ↗The aim, every business cycle, is to build more intelligence... more GDP.
1. Population is the raw compute, the nodes in the network.
2. Productivity is the intelligence each of those nodes generates.
3. Debt is the energy you pump in when the first two stop carrying the load.
When the first two are firing, the economy compounds. When they stall, debt takes over, and the debasement that follows is what holds the whole thing together. That's most of the developed world since 2008.
In a debasing economy capital flows almost entirely to two places... technology and crypto. They're the only things that still scale economic intelligence, so they compound faster than everything around them.
@RealVision
This means owning crypto and technology is how you unfuck your future. The problem is almost none of our systems were built for that. Retirement least of all. It still assumes ordinary savings keep up, and they stopped decades ago.
I wrote the full thing up today: https://t.co/nDZeZkY74n
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Conventional wisdom has always been: pay into your pension, let it compound for decades and retire. But a pension can't win a race against debasement. Wages have lost half their purchasing power vs the S&P since 2008... Full write up below. https://t.co/DU4QmclVpm
RaoulGMI ↗