The distinction by the op makes sense to me overall, although I wouldn't put it in the 'true vs fake' wealth dichotomy. It could instead be your vs someone else's wealth, considering that the point is about who truly owns it. Moreover, I am not sure if I understand why land and property are in fake wealth. Maybe that's because the rules are different in different countries, but in mine, you can actually buy a flat, and it becomes truly yours, and the same goes for land. So it's more like food at home than like stocks to me.
I see from the discussion that the issue is that you can't move your flat or land with you, but I'm not sure that I understand why that is so important.
Topic: True wealth and fake wealth - page 3. (Read 1269 times)
Fake wealth would be owning the debt but not the asset and its productive capacity to make money. So you own in fact a liability that you hope someone will repay, the problem is in FIAT units of monetary exchange that value returned might be less then you lent out in the first place so you end up taking risk and being worse off. This is what is happening with government constantly, the money issued is declining in worth that same system of banking is controlling the rough interest rates given on debt also.
Unless you own productive assets you will never be ahead of curve, always chasing that depreciating cash circle of debt. Owning commodities can be profitable but since the economy is rarely stable you may invest into something not in demand at the time you require the liquidity to service your own costs. The only real chance people is to part of something productive and regularly so, something able to grow far faster then the debt burden. This has given some bias towards technology I think as it has an efficiency over time that helps cost reduction justifying the initial debt.
I think real money is your assets. I my country, farmers are in high tension because in last year they sell the wheat in 4500Rs but in this year the rate of wheat is 2200. In last year, they stock the wheat and they thought that they will sell that wheat in next year and next year price would be 5500Rs but now they have no money to meet their expenses and they became greedy and they saw the result of that. In my opinion, gold is good money and that is also called real money because it is limited in earth and no body can create it own. Money value goes down day by day but gold value goes up and up in future. So everyone should invest in real assets through which they can get financial freedom. Unless you own productive assets you will never be ahead of curve, always chasing that depreciating cash circle of debt. Owning commodities can be profitable but since the economy is rarely stable you may invest into something not in demand at the time you require the liquidity to service your own costs. The only real chance people is to part of something productive and regularly so, something able to grow far faster then the debt burden. This has given some bias towards technology I think as it has an efficiency over time that helps cost reduction justifying the initial debt.
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.
I like land because of freedom it provides. You can build shelter over it, grow food on it, if you want to move from one place to another — you can always sell it.
land is not freedom
a. property taxes/ maintenance costs means its an ongoing costs, these days you even get fined by local government for not maintaining property
b. your not free to build anything, you need permits to do things these days, the only thing you dont need permits for is to paint the internal walls. c. externally like building extensions, groundwork, new builds even external paint usually needs permission from state or a HOA
d. if you wanted to change the purpose from agricultural to residential you need permit. or the opposite way round
e. as for selling it, thats not a guarantee. land can lay unsold for months/years or become valueless if the area becomes a ghosttown
The high population in urban areas has made properties in high demand, and it is very easy to rent out or sell a property.
However, the property business can be affected negatively by natural disasters or violent conflicts. Many people lost their properties when a town became flooded because of global warming. The flood submerged these houses every year during the rainy season. Properties become worthless because nobody wants to reside in that area. We also had tribal and gang conflicts in areas, which led to the destruction of lives and properties. Many people had to cheaply sell their properties to avoid being attacked or killed.
Fake wealth would be owning the debt but not the asset and its productive capacity to make money. So you own in fact a liability that you hope someone will repay, the problem is in FIAT units of monetary exchange that value returned might be less then you lent out in the first place so you end up taking risk and being worse off. This is what is happening with government constantly, the money issued is declining in worth that same system of banking is controlling the rough interest rates given on debt also.
Unless you own productive assets you will never be ahead of curve, always chasing that depreciating cash circle of debt. Owning commodities can be profitable but since the economy is rarely stable you may invest into something not in demand at the time you require the liquidity to service your own costs. The only real chance people is to part of something productive and regularly so, something able to grow far faster then the debt burden. This has given some bias towards technology I think as it has an efficiency over time that helps cost reduction justifying the initial debt.
Unless you own productive assets you will never be ahead of curve, always chasing that depreciating cash circle of debt. Owning commodities can be profitable but since the economy is rarely stable you may invest into something not in demand at the time you require the liquidity to service your own costs. The only real chance people is to part of something productive and regularly so, something able to grow far faster then the debt burden. This has given some bias towards technology I think as it has an efficiency over time that helps cost reduction justifying the initial debt.
Untfortunately when world goes into critical times you can be sure more about true wealth and true wealth assets.
Off course when we have stable times no wars and other bigger issues then we can be sure about fake wealth assets.
The fiat currency in bank it's not yours there is too much risk that someone else can control this and even by mistake something can go wrong.
The goverment protection scheme only works when times are good but If goverments have problems with money then techically they cant protect or guarantee nothing.
The true wealth is something wich you have control over yourself not the third partie trust.
The only proof instead of trust will work.
The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.
World going to period when cards will be reshuffled and new players coming in and new game what was before don't matter who lost or win before it don't matter.
When we talk about fiat currencies then only fiat currencies can be trusted wich has stablecoins in this case usdt and usdc so dollar will be safest.
The stablecoins are new fiat and safer then your Bank because you can have stablecoins in your private self custody wallet.
The USA is way ahead of other nations they have 2 of their Fiat currencies as stablecoins now the usdc and usdt the Europe Im not sure i think they have tether euro and circle euro ....but Im surprised UK got nothing going on there is no pound tether neither pound usdc ....i really don't get it what the hell the UK leaders thinking it look like they want to be behind all the other countries countries and their currencies wich don't have stablecoins like usdt or usdc can't be taken seriously anymore in the financial world USA is now leader number one in this.
So by holding UK GBP in bank it's biggest risk because pound is out from Everywhere the UK people definately need to hold cryptocurrency Because UK pound will be first currency wich will fall hardest when all the western countries having financial issues.
Dollar is safest and new dollar will be usdc and usdt we know that Donald trump is behind this project from the very beginning sooner or later the trump will announce it's all fine usdt and usdc will be the new dollar i don't get it why another countries sleeping while USA is doing real things another world will be way behind of USA again.
So USA Banks might be more trusted then another Banks despite the fact that only true wealth are wealth in your hands or in your private self custody crypto wallet.
You trust your bank because it's regulated by goverment rules but your goverment can only give guarantees when times are good and stable.
So those who hold their money in banks in many countries definately will lose and If they don't have true wealth assets they go broke and homeless and nobody don't care because everybody else will have their own problems same goes for goverment leaders they got their own bills to pay and own problems to deal.
Those who can not think for themselfes and taking the full responsibility of their life they will be broke soon.
Off course when we have stable times no wars and other bigger issues then we can be sure about fake wealth assets.
The fiat currency in bank it's not yours there is too much risk that someone else can control this and even by mistake something can go wrong.
The goverment protection scheme only works when times are good but If goverments have problems with money then techically they cant protect or guarantee nothing.
The true wealth is something wich you have control over yourself not the third partie trust.
The only proof instead of trust will work.
The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.
World going to period when cards will be reshuffled and new players coming in and new game what was before don't matter who lost or win before it don't matter.
When we talk about fiat currencies then only fiat currencies can be trusted wich has stablecoins in this case usdt and usdc so dollar will be safest.
The stablecoins are new fiat and safer then your Bank because you can have stablecoins in your private self custody wallet.
The USA is way ahead of other nations they have 2 of their Fiat currencies as stablecoins now the usdc and usdt the Europe Im not sure i think they have tether euro and circle euro ....but Im surprised UK got nothing going on there is no pound tether neither pound usdc ....i really don't get it what the hell the UK leaders thinking it look like they want to be behind all the other countries countries and their currencies wich don't have stablecoins like usdt or usdc can't be taken seriously anymore in the financial world USA is now leader number one in this.
So by holding UK GBP in bank it's biggest risk because pound is out from Everywhere the UK people definately need to hold cryptocurrency Because UK pound will be first currency wich will fall hardest when all the western countries having financial issues.
Dollar is safest and new dollar will be usdc and usdt we know that Donald trump is behind this project from the very beginning sooner or later the trump will announce it's all fine usdt and usdc will be the new dollar i don't get it why another countries sleeping while USA is doing real things another world will be way behind of USA again.
So USA Banks might be more trusted then another Banks despite the fact that only true wealth are wealth in your hands or in your private self custody crypto wallet.
You trust your bank because it's regulated by goverment rules but your goverment can only give guarantees when times are good and stable.
So those who hold their money in banks in many countries definately will lose and If they don't have true wealth assets they go broke and homeless and nobody don't care because everybody else will have their own problems same goes for goverment leaders they got their own bills to pay and own problems to deal.
Those who can not think for themselfes and taking the full responsibility of their life they will be broke soon.
In my opinion the face of global instability, the concept of “true wealth” tends to increasingly shift traditional assets such as fiat currencies, real estate, investments, etc. to tangible forms of currency self-regulated Fiat deposits in banks are exposed to systemic risks and government policies Its potential is vulnerable, subject to deterioration during economic, political or other events As you have noted, . defense systems are limited and may not be reliable in times of major crisis. True wealth, from your point of view, is something physical: food, gold, silver, and cryptocurrencies in and of themselves. Such property may appear more secure because it gives direct control and is less prone to system failure. As much as land and property are valuable, there are certain boundaries associated with portability and immediate liquidity.
You called hard currencies—the likes of USDT and USDC—new-age fiat currencies that impart stability and sovereignty digitally. According to you, this makes them more secure compared to traditional bank-held fiat. You also remarked on the strong currency equivalent option for currencies such as the British pound, which you felt could cause damage for countries not having a stable currency. This is a view that can be explain, simply because there is one common currency that is accepted in the United States; however, it can also be vindicated that budgets and money are a complex allocation influenced by many factors. One may feel safe with the presence of physical assets or self-contained cryptocurrencies; however, diversity and knowledge of the macroeconomic scenery still matter.
Ultimately, pursuing financial stability requires a balanced approach that considers the value of traditional assets and the potential of emerging technologies such as stablecoins and cryptocurrencies
Apart from the price which tends to rise almost every year, when we own land we can also use it for something profitable, such as opening a business on the land we own. Moreover, if the location is very strategic, we can use it to open a basic food shop, for example, or something else. There are many things we can do, of course we have to be creative in using them to be productive and profitable.
In my current environment, land prices are very expensive, especially in urban areas. Even those in remote places or villages have very high prices. So as time goes by, the price will rise, especially if something is built around it that will invite lots of people there, the price will definitely go up a lot.
Renting it out is the most rich thing I can think of. Having buildings, and I do not mean just like a home or apartment or whatever where people can live, I mean like shops, offices, factories and such, that you rent to other people? That seems like a great deal and I know a lot of people who invested in those things to get richer and they did, they are making a good income as well.In my current environment, land prices are very expensive, especially in urban areas. Even those in remote places or villages have very high prices. So as time goes by, the price will rise, especially if something is built around it that will invite lots of people there, the price will definitely go up a lot.
Most people are making a mistake by not buying plots of land, it's just a good idea and could become much larger in the future. I know that it is not going to be easy to handle it all, but it could very well be something that could make profit for some people.
So by holding UK GBP in bank it's biggest risk because pound is out from Everywhere the UK people definately need to hold cryptocurrency Because UK pound will be first currency wich will fall hardest when all the western countries having financial issues.
If I'm to choose between $1000 dollar and £1000 pounds, I will definitely go for £1000 pounds, simply because it's market value is more higher than the US dollar. Because the fact that people now choose crypto as a store of value for their asset and US having a stable coin such as USDC, that doesn't make British pounds useless, as it will still remains useful and more valuable then the USD, inasmuch as it's not always common for international monetary transactions. One thing you just need to understand is that not all countries need to have their fiat currencies in stable coins. 
There is nothing wrong with investing in land because investment is also one of the best investment choices for those of us who want to gain profits in the long term. So you could say this is like gold, land prices never go down, in fact they go up every year. Comparing it with a car certainly doesn't make sense because cars will go down in price, especially since they are expensive to maintain.
I will not equate land with gold even though you have compared the two to the same, because the price of land which tends to increase every year never experiences a price correction like gold does every year even if only for a short time. So I think everyone also needs to distinguish between gold and land if they want to choose one of them for future investment, but for now people who have started to think intelligently also need to see Bitcoin as the next option which is also not bad for future investment because we have all seen how Bitcoin grows in each cycle.
The price isnt rising in many cases, its the money becoming steadily less value that causes alot of shift in value. Land is well known as being one of the most productive long term assets, across generations its been land which has carried a family asset base better then most other considerations. Also land is protected by law for many centuries where other types of wealth are more often taxed.
We could argue for gold if you need to transport the wealth which land cannot do but arguably you can rent out land to gain cash or more liquidity. Gold has no yield to it, its flat in its value across much of time again the price is plain paper losing its value but land can be argued as productively able to give a yield especially when combined with a business. Arable land generally being the most sort after but even land for grazing is observable useful across a long time hence its fairly genuine wealth.
We could argue for gold if you need to transport the wealth which land cannot do but arguably you can rent out land to gain cash or more liquidity. Gold has no yield to it, its flat in its value across much of time again the price is plain paper losing its value but land can be argued as productively able to give a yield especially when combined with a business. Arable land generally being the most sort after but even land for grazing is observable useful across a long time hence its fairly genuine wealth.
That's also what I was thinking, why are there people who think investing in land is bad as the OP said here. Has he had a bad experience with land or property in the past to come to that conclusion? Moreover, he also compared it with a car, which in my opinion is neither comparable nor reasonable.
Indeed, in some cases there are also land disputes and it takes a very long time to resolve it all. As is the case in the case that is happening around me at the moment, but if you dig deeper, the government is indeed the cause so that the land becomes a dispute. But it comes back to ourselves, if we want to buy a plot of land then we really have to know in depth the origin of the land. And actually, not only in this, but in everything we have to know in depth if we want to buy something valuable.
There is nothing wrong with investing in land because investment is also one of the best investment choices for those of us who want to gain profits in the long term. So you could say this is like gold, land prices never go down, in fact they go up every year. Comparing it with a car certainly doesn't make sense because cars will go down in price, especially since they are expensive to maintain.Indeed, in some cases there are also land disputes and it takes a very long time to resolve it all. As is the case in the case that is happening around me at the moment, but if you dig deeper, the government is indeed the cause so that the land becomes a dispute. But it comes back to ourselves, if we want to buy a plot of land then we really have to know in depth the origin of the land. And actually, not only in this, but in everything we have to know in depth if we want to buy something valuable.
It was possible that he had experienced unpleasant things when investing in land, which was why he told everyone that. Land investment is an investment that has great potential in the long term. However, before starting to invest in land, there are several things you need to know so that you don't experience losses, such as location, disputes and so on, where the owner must know the clarity of the land so that our goal of investing in land can run well and reduce risks, by so we can get optimal profits.
In my current environment, land prices are very expensive, especially in urban areas. Even those in remote places or villages have very high prices. So as time goes by, the price will rise, especially if something is built around it that will invite lots of people there, the price will definitely go up a lot.
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.
I like land because of freedom it provides. You can build shelter over it, grow food on it, if you want to move from one place to another — you can always sell it. a. property taxes/ maintenance costs means its an ongoing costs, these days you even get fined by local government for not maintaining property
b. your not free to build anything, you need permits to do things these days, the only thing you dont need permits for is to paint the internal walls. c. externally like building extensions, groundwork, new builds even external paint usually needs permission from state or a HOA
d. if you wanted to change the purpose from agricultural to residential you need permit. or the opposite way round
e. as for selling it, thats not a guarantee. land can lay unsold for months/years or become valueless if the area becomes a ghosttown
Your points are country dependent, here in India agricultural land needs no maintenance, no property taxes on it, and selling the farmed produce does not incur taxes either.
Regarding house, one who owns the agricultural land is free to build house on it along with whatever one wants to do to the house, but note that there is term FSI (Floor Space Index) here which implies how much of total land area can be used for construction, and this FSI differs from state to state, unless you want more construction than permitted to agricultural land owners, only then you have to convert agricultural to residential.
On selling, where I live there is rapid development, property prices have significantly increased in last 5 years, so at least here, if one were to sell and preferably give some discount, it'd get sold pretty fast.
Above answers are based on my 'afaik' knowledge, if anyone is sound in Indian property affairs, and have something to correct, feel free to do so, I'd be glad.
Not to mention, real estate can create a passive income source as well as its value will gradually increase over time, which is why real estate is considered the best investment that anyone wants to own. Meanwhile, Cars are just assets that lose value over time, a product that will lose value when used a lot or will become an obsolete product.
I don't know what country he comes from and what his experiences are with real estate. But he can't just because of his bad experiences judge that real estate is even worse than an asset that loses value over time like a car.
That's also what I was thinking, why are there people who think investing in land is bad as the OP said here. Has he had a bad experience with land or property in the past to come to that conclusion? Moreover, he also compared it with a car, which in my opinion is neither comparable nor reasonable.I don't know what country he comes from and what his experiences are with real estate. But he can't just because of his bad experiences judge that real estate is even worse than an asset that loses value over time like a car.
Indeed, in some cases there are also land disputes and it takes a very long time to resolve it all. As is the case in the case that is happening around me at the moment, but if you dig deeper, the government is indeed the cause so that the land becomes a dispute. But it comes back to ourselves, if we want to buy a plot of land then we really have to know in depth the origin of the land. And actually, not only in this, but in everything we have to know in depth if we want to buy something valuable.
It was possible that he had experienced unpleasant things when investing in land, which was why he told everyone that. Land investment is an investment that has great potential in the long term. However, before starting to invest in land, there are several things you need to know so that you don't experience losses, such as location, disputes and so on, where the owner must know the clarity of the land so that our goal of investing in land can run well and reduce risks, by so we can get optimal profits.
Not to mention, real estate can create a passive income source as well as its value will gradually increase over time, which is why real estate is considered the best investment that anyone wants to own. Meanwhile, Cars are just assets that lose value over time, a product that will lose value when used a lot or will become an obsolete product.
I don't know what country he comes from and what his experiences are with real estate. But he can't just because of his bad experiences judge that real estate is even worse than an asset that loses value over time like a car.
That's also what I was thinking, why are there people who think investing in land is bad as the OP said here. Has he had a bad experience with land or property in the past to come to that conclusion? Moreover, he also compared it with a car, which in my opinion is neither comparable nor reasonable.I don't know what country he comes from and what his experiences are with real estate. But he can't just because of his bad experiences judge that real estate is even worse than an asset that loses value over time like a car.
Indeed, in some cases there are also land disputes and it takes a very long time to resolve it all. As is the case in the case that is happening around me at the moment, but if you dig deeper, the government is indeed the cause so that the land becomes a dispute. But it comes back to ourselves, if we want to buy a plot of land then we really have to know in depth the origin of the land. And actually, not only in this, but in everything we have to know in depth if we want to buy something valuable.
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.
I like land because of freedom it provides. You can build shelter over it, grow food on it, if you want to move from one place to another — you can always sell it.
land is not freedom
a. property taxes/ maintenance costs means its an ongoing costs, these days you even get fined by local government for not maintaining property
b. your not free to build anything, you need permits to do things these days, the only thing you dont need permits for is to paint the internal walls. c. externally like building extensions, groundwork, new builds even external paint usually needs permission from state or a HOA
d. if you wanted to change the purpose from agricultural to residential you need permit. or the opposite way round
e. as for selling it, thats not a guarantee. land can lay unsold for months/years or become valueless if the area becomes a ghosttown
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.
I like land because of freedom it provides. You can build shelter over it, grow food on it, if you want to move from one place to another — you can always sell it.
The land it depends the location and goverment but goverment generally cant be trusted.
...and yet you suggest stable coins which are centralized and historically there have been cases where wallet funds were freezed.
Not to mention, real estate can create a passive income source as well as its value will gradually increase over time, which is why real estate is considered the best investment that anyone wants to own. Meanwhile, Cars are just assets that lose value over time, a product that will lose value when used a lot or will become an obsolete product.
I don't know what country he comes from and what his experiences are with real estate. But he can't just because of his bad experiences judge that real estate is even worse than an asset that loses value over time like a car.
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.
I like land because of freedom it provides. You can build shelter over it, grow food on it, if you want to move from one place to another — you can always sell it.
The land it depends the location and goverment but goverment generally cant be trusted.
...and yet you suggest stable coins which are centralized and historically there have been cases where wallet funds were freezed.
Your comments are contradictory and untrue. Just like fiat in a bank, you don't have control over stablecoin because it is highly centralized. Don't deceive people into thinking stablecoins are safe because they are issued and controlled by third parties. Bitcoin stored in a non-custodian wallet is an example of a safe asset.
USDT and USDC are even worse to buy and hold because they are something else; they could easily be depegged under any circumstance if the issuance company has the possibility of its value returning to zero, and then again, instead of holding USDT, I will better advise the person to hold a physical USD and save it up on their personal volt; it's safer since there are no differences since it's still the same fiat.
What you guys need to understand is that "trolling" is an art form, the idea is to make people talk, and respond to you. So if you say something wrong, then they will come to correct you, that's how you end up with getting some attention.
You could write a topic about something right, you could cure cancer, and people will say "we will see", but you could make a mistake, like say "did you know that 2+2 actually equals 5" and write a silly article, people will go mad and respond to you. This dude is great at it, I appreciate the effort he put in.
Obviously he knows owning land is not fake wealth, obviously he knows money in the bank, or a property is wealth, he is aware of it, to be fair food in your home is wealth too, anyone who couldn't find even one bread for a day would know, I was one of them for a few days in my life, was very poor, I am not anymore and that was just unemployed short period, to be fair I have been average or more all my life, that was just a short time, but anyone who lived that would know food in your home is wealth too, gold or silver is wealth too, but land is wealth too. He is writing that to just piss you off and get you to answer, and he has done a great job.
You could write a topic about something right, you could cure cancer, and people will say "we will see", but you could make a mistake, like say "did you know that 2+2 actually equals 5" and write a silly article, people will go mad and respond to you. This dude is great at it, I appreciate the effort he put in.
Obviously he knows owning land is not fake wealth, obviously he knows money in the bank, or a property is wealth, he is aware of it, to be fair food in your home is wealth too, anyone who couldn't find even one bread for a day would know, I was one of them for a few days in my life, was very poor, I am not anymore and that was just unemployed short period, to be fair I have been average or more all my life, that was just a short time, but anyone who lived that would know food in your home is wealth too, gold or silver is wealth too, but land is wealth too. He is writing that to just piss you off and get you to answer, and he has done a great job.
Untfortunately when world goes into critical times you can be sure more about true wealth and true wealth assets.
Off course when we have stable times no wars and other bigger issues then we can be sure about fake wealth assets.
The fiat currency in bank it's not yours there is too much risk that someone else can control this and even by mistake something can go wrong.
The goverment protection scheme only works when times are good but If goverments have problems with money then techically they cant protect or guarantee nothing.
The true wealth is something wich you have control over yourself not the third partie trust.
The only proof instead of trust will work.
The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.
World going to period when cards will be reshuffled and new players coming in and new game what was before don't matter who lost or win before it don't matter.
When we talk about fiat currencies then only fiat currencies can be trusted wich has stablecoins in this case usdt and usdc so dollar will be safest.
The stablecoins are new fiat and safer then your Bank because you can have stablecoins in your private self custody wallet.
The USA is way ahead of other nations they have 2 of their Fiat currencies as stablecoins now the usdc and usdt the Europe Im not sure i think they have tether euro and circle euro ....but Im surprised UK got nothing going on there is no pound tether neither pound usdc ....i really don't get it what the hell the UK leaders thinking it look like they want to be behind all the other countries countries and their currencies wich don't have stablecoins like usdt or usdc can't be taken seriously anymore in the financial world USA is now leader number one in this.
So by holding UK GBP in bank it's biggest risk because pound is out from Everywhere the UK people definately need to hold cryptocurrency Because UK pound will be first currency wich will fall hardest when all the western countries having financial issues.
Dollar is safest and new dollar will be usdc and usdt we know that Donald trump is behind this project from the very beginning sooner or later the trump will announce it's all fine usdt and usdc will be the new dollar i don't get it why another countries sleeping while USA is doing real things another world will be way behind of USA again.
So USA Banks might be more trusted then another Banks despite the fact that only true wealth are wealth in your hands or in your private self custody crypto wallet.
You trust your bank because it's regulated by goverment rules but your goverment can only give guarantees when times are good and stable.
So those who hold their money in banks in many countries definately will lose and If they don't have true wealth assets they go broke and homeless and nobody don't care because everybody else will have their own problems same goes for goverment leaders they got their own bills to pay and own problems to deal.
Those who can not think for themselfes and taking the full responsibility of their life they will be broke soon.
Off course when we have stable times no wars and other bigger issues then we can be sure about fake wealth assets.
The fiat currency in bank it's not yours there is too much risk that someone else can control this and even by mistake something can go wrong.
The goverment protection scheme only works when times are good but If goverments have problems with money then techically they cant protect or guarantee nothing.
The true wealth is something wich you have control over yourself not the third partie trust.
The only proof instead of trust will work.
The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.
World going to period when cards will be reshuffled and new players coming in and new game what was before don't matter who lost or win before it don't matter.
When we talk about fiat currencies then only fiat currencies can be trusted wich has stablecoins in this case usdt and usdc so dollar will be safest.
The stablecoins are new fiat and safer then your Bank because you can have stablecoins in your private self custody wallet.
The USA is way ahead of other nations they have 2 of their Fiat currencies as stablecoins now the usdc and usdt the Europe Im not sure i think they have tether euro and circle euro ....but Im surprised UK got nothing going on there is no pound tether neither pound usdc ....i really don't get it what the hell the UK leaders thinking it look like they want to be behind all the other countries countries and their currencies wich don't have stablecoins like usdt or usdc can't be taken seriously anymore in the financial world USA is now leader number one in this.
So by holding UK GBP in bank it's biggest risk because pound is out from Everywhere the UK people definately need to hold cryptocurrency Because UK pound will be first currency wich will fall hardest when all the western countries having financial issues.
Dollar is safest and new dollar will be usdc and usdt we know that Donald trump is behind this project from the very beginning sooner or later the trump will announce it's all fine usdt and usdc will be the new dollar i don't get it why another countries sleeping while USA is doing real things another world will be way behind of USA again.
So USA Banks might be more trusted then another Banks despite the fact that only true wealth are wealth in your hands or in your private self custody crypto wallet.
You trust your bank because it's regulated by goverment rules but your goverment can only give guarantees when times are good and stable.
So those who hold their money in banks in many countries definately will lose and If they don't have true wealth assets they go broke and homeless and nobody don't care because everybody else will have their own problems same goes for goverment leaders they got their own bills to pay and own problems to deal.
Those who can not think for themselfes and taking the full responsibility of their life they will be broke soon.
I do not give merits to newbies for this year I think you are the first newbie I gave merits to.
I LIKE the attempt you made. Making a list of real vs false wealth.
Fake wealth does exist but it varies location to location and place to place.
A tank of oxygen is very valuable on the peak of Mount Everest. I would certainly give my 75 oz of silver bars for it.
But here in New Jersey I would only offer 1 or 2 oz of silver bars for it.
You missed that idea of why wealth alters from fake to real..
I AM not rich but I am not poor.. I could sell my house my silver my crypto mining gear and my cryptocurrency. And have a nice pile of cash. On my car seat.
So in all cases my wealth above is real not fake. It's mine I owe no one. And my goverment can take it all . Most people in our world can have all their wealth taken by their governement..
BTW Donald Trump just missed losing everything by less than 1 inch. THE BULLET that wounded him was worth how much about 1 dollar. SO when a rich powerful man can lose it all to a 1 dollar bullet Defining wealth by how easy it is to have it taken away is likely not a good method.
Nice effort.
Your comments are contradictory and untrue. Just like fiat in a bank, you don't have control over stablecoin because it is highly centralized. Don't deceive people into thinking stablecoins are safe because they are issued and controlled by third parties. Bitcoin stored in a non-custodian wallet is an example of a safe asset.
USDT and USDC are even worse to buy and hold because they are something else; they could easily be depegged under any circumstance if the issuance company has the possibility of its value returning to zero, and then again, instead of holding USDT, I will better advise the person to hold a physical USD and save it up on their personal volt; it's safer since there are no differences since it's still the same fiat.True wealth will make you to stay long in your wealth, by having different businesses around your country because they will start generating profits that will continue to accumulating your wealth in the country. But, fake wealth don't use to last long because if you verify the source of the wealth, you will know that it will not going to last long like those that invested in different businesses, and it will be very hard for such category of business owners to fall down to zero level in wealth because they are not depending on government in the country.
You want to acquire real wealth that will make you popular, I will advise you start investing in estate business and BTC business because there are many opportunity in those businesses that will make you wealthy which is the desire of many investors these days.
You want to acquire real wealth that will make you popular, I will advise you start investing in estate business and BTC business because there are many opportunity in those businesses that will make you wealthy which is the desire of many investors these days.
I'd say investing in real estate is more risky today than investing in Bitcoin. The chances are that the land you are buying today will turn out to be a fake wealth in the near future because of some poisonous plant was built near it or just because of the lack of infrastructure in the vicinity.
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