“In the future there will be only one occupation: managing one’s wealth. And most people are going to be unemployed.”
– Mark E. Jeftovic
Written by Bryan Lutz, Editor at Dollarcollapse.com:
A quiet revolution is happening.
Not because of Bitcoin, cryptocurrencies or blockchain technology necessarily, but because we are measuring wealth in different ways.
Over the past thirty years, the financial sector has seen almost extreme amounts of innovation.
International settlement houses rapidly displaced thousands of employees with computer software…
Stock market tracking and trading sped up exponentially…
Banks, money managers, and retail investors can invest using browser software at very little cost.
And now, people are measuring wealth by taking control of their currencies.
That change can be seen in the apparent volatility of Bitcoin.
In fact, there has been so much volatility that the recent 10% drop in pricing meant certain victory to every Bitcoin hater out there, but…
For those who bought Bitcoin in 2015, 2017, or even in 2020, a ten percent drop in pricing was like drinking herbal tea before bedtime.
Ironically, soothing message…
Because it became a message that everything was going to be OK.
And, if you watch today’s Top Three Videos, you’ll see that the same attitude is held by Incrementum’s Ronnie Stoeferle. He doesn’t care whether gold is at $2019 or $1980 USD. Instead, he cares about the trend.
Gold is rising…
And that’s what matters.
That is the thing with hard assets, whether they be gold, silver, real estate, Bitcoin, or your own business (even assets within the business)…
When hard assets priced in currencies are rising, you begin to see their real value. Especially when currencies are effected by rapid inflation, the purchasing power of hard assets remains.
Yet, much of the world has no choice but to treat the United States Dollar like a hard asset.
The USD is not a hard asset.
Now, with overwhelming US debt, massive fiscal deficits, and increasing pressure from the Federal government to stifle the economy through regulating oil…
It is no longer relevant to treat the USD like the unit of account for your own personal wealth.
The rapid development of technology allows you to manage your own portfolio, buy precious metals, real estate and new digital currencies to diversify how you measure your wealth.
That is a secret of the rich, but…
It is slowly becoming the secret of the individual who chooses to manage their wealth with a view outside of the USD fiat driven system.
In the practical sense, that looks like…
Choosing multiple places to live.
Holding precious metals, and Bitcoin.
Buying land, developing the land, prospering from the land.
Taking steps to centralize wealth creation in your family by creating one or more private family businesses.
Those are a few ways to exit the USD system, invest in hard assets, and engage in the quiet revolution happening right now…
If you’re far from managing your own portfolio and buying real estate, the easiest way is to start measuring your wealth outside of the USD fiat system is this:
Buy gold, silver, or bitcoin and start your own business.
The flip side isn’t pretty.
It’s attempting to understand your wealth with the USD, or any other fiat currency while you slowly go completely bust leaving nothing to manage at all…
