The Chaos Protocols: Magical Techniques for Navigating the New Economic Reality
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You only visit the witch at the edge of the village when all other options have been explored, for she is the loan shark of the gods.
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Reality must be approached more from a pirate angle than a naval one. As we shall soon see, the rules of this world were simply not built for your benefit.
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Incorporating the magical world into your physical world will quickly show you which one is real and which one is delusion. And that realisation is more valuable than all the riches of the earth.
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Economics is the study of value. It is the study of what we consider worthwhile, where we locate meaning on a personal and cultural level.
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Some parts of the world’s developed economies are permanently shrinking because they are obsolete and hugely inefficient. Other parts are expanding dramatically because of the efficiencies and cost savings they bring. This is how you end up with bankrupt, collapsed cities in one corner of the country and teenage billionaires in another. It is easier in the short term to think of them as two entirely separate economies occupying the same geographic space. It is no exaggeration to say you are living through the second Industrial Revolution.
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To render your economic fate over to a frequently unelected power elite because you don’t think you have a head for numbers is a fear response and an excuse. This provides the power elite with a strategic advantage known as information asymmetry.
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There is no deficit where there is a reciprocal exchange.
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Let us be completely clear as to why hundreds of millions of dollars of advertising have been spent over three generations to convince us that property is a good investment: so banks can sell mortgages and governments can print GDP growth. The End.
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Single-generation, owner-occupied dwellings are an eyeblink in the history of the human race, not an eternal condition. Find a better way.
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The most important wealth creation step you can ever take is to come to grips with debasement and find ways to ameliorate it.