17
" Of course, he’s not actually a Billionaire. He’s a Billionaire’s Heir, which is wholly different from a Billionaire. A Billionaire can’t get cut off. A Billionaire’s Heir, on the other hand, can. And at the moment my Billionheir’s money spigot is in the off position. At this point, Kanish is down to his last $120,000, and I shouldn’t have to say it, but $120,000, a significant sum of money for most of us, does not a Billionaire make. Not even close.
Suppose you were paid $120,000 in cash every single day of your life starting today. It would take you just shy of twenty-three years to accumulate your first billion, and that’s assuming you’re not spending any of it. You’d also need a mattress the size of a two-meter-square room, and that’s assuming you’re stuffing it with neat stacks of $100 denominations.
Now, if you decided to invest your daily $120,000 payments, and you did so shrewdly, then the pace at which you acquired wealth would quicken considerably. With that kind of guaranteed daily income, banks would beg you to borrow money from them, and it wouldn’t be long before that daily $120K installment would be enough leverage for billions in secured loans. With billions in real assets on the books, you would be a Billionaire, despite a paltry income of only $120,000 per day. You see, wealth is judged not by what you have, but rather by what you owe.
As usual, I digress. "
― Mixerman ,
18
" But there are nevertheless three conclusions that seem to follow from our critical examination of the possibilities of inflationary policy. In the first place, all the aims of inflationism can be secured by other sorts of intervention in economic affairs, and secured better, and without undesirable incidental effects. If it is desired to relieve debtors, moratoria may be declared or the obligation to repay loans may be removed altogether; if it is desired to encourage exportation, export premiums may be granted; if it is desired to render importation more difficult, simple prohibition may be resorted to, or import duties levied. All these measures permit discrimination between classes of people, branches of production, and districts, and this is impossible for an inflationary policy. Inflation benefits all debtors, including the rich, and injures all creditors, including the poor; adjustment of the burden of debts by special legislation allows of differentiation. Inflation encourages the exportation of all commodities and hinders all importation; premiums, duties, and prohibitions can be employed discriminatorily. "
― Ludwig von Mises , The Theory of Money and Credit
20
" Welcome in what?In adult world??I know it, people which are not sirious have a lot of money and don't know what to do. Every secret told to someone it's not anymore secured, if somebody know the secret, it's not anymore secret there is possibility somebody else to know from where somebody else...It's really " OMG" , the " Nerds" which most people call them do some positive things, the people which people call them cool what they do??Say jokes which are even money, but we must laugh, I didn't get the joke?It's not there the problem, the problem is that it's too stupid to get it, what do I see?I change made, a stage from not secured to not sirious... People which fight are this which are not secured, people which are soldiers and work in police don't have anything else to do so they decide this to do, but after all when you become such you sign and the contract with the DEAD... "