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● how to get rich | ||||||
what money really means and how to get rich_141![]() Navigation: Main page » what money really means and how to get rich Author: what money really means and how to get rich Technology will only promulgate this system. If individual information in the form of credit, like a credit rating, can be disseminated in real time, then each of us becomes his or her own brand, capable of conducting multiple exchanges in multiple vendor situations—globally. In other words, you or I can walk into a store in Tokyo, be recognized, have our credit assessed in real time, and trade on that credit—and so on. No material will change hands.Verbal or some other recognizable form of confirmation of the exchange will be all that is needed. Our wants will be directly registered. This will create a new landscape of global democracy. The largest obstacle to this is the trustworthiness of the consumer and his or her interfacing with various networks—other people, places, things, online and in a traditional commerce or trade-like situation—to establish a record. To be sure, this is an ancient system. In Islam it's called hawala. In Hebrewit's called mazal. In China it's called fei qian. All of these systems basically meanthat you'll trade on your word alone.The transaction is based on the individual trust and faith in you as a person. Morality and ethics are the key issues at stake. What comprises our individual mode of ethics and morals is distinctly unique.We all operate on highly refined and different systems in the context of money's propositional value—what we'd do with it. Some people have amassed fortunes by evil means only to spread evil, while others have little or nothing in terms of money but have spread fortunes of goodwill. Some of us would spend our money on fine wine, others on ice cream. Propositional values can't be traded or exchanged in a manner of equilibrium because of psychological, societal, cultural and religious diversity. But a transferable mechanism equated to value can be transferred globally. This mechanism is our "proof," or the footprint of ourselves gleaned from varietal circumstances. Regression analysis (take all the things I have done in my lifetime and deconstruct them to a mean) can be instituted to determine this mechanism, or mean. That mean, our footprint, will be our means of exchange. It will fluctuate. It will be worth more or less some days. But that's how money operates. Of course, the question is who will program the deconstructive elements that will determine our exchange mean? There is already a board, the Federal Reserve, that governs over our monetary value system in the United States. Each country has one. In fact, there is an International Monetary Fund Dissemination Standards Board and a General Data Dissemination System, which are designed to provide guidelines "for the public of comprehensive, timely, accessible, and reliable economic, financial, and socio-demographic data." There is even a Data Quality Reference Site, which was created to foster a common understanding of data quality around the world. |
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