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Allecia Maine's avatar

So for my whole life i have felt like a bit of a fool when it comes to money and understanding the economy.

On some level it has felt like a PONZI scheme that I just was too dumb to understand.

I didn't realize that on some level between school, my family and society- I was not supposed to really understand money. Because money the way we do it on our credit based system actually makes no rational sense whatsoever- you don't spend what you don't have. And you don't spend what is not backed by real currency otherwise you create an over inflated delusion where you simply use slight of hand and shuffle some papers and you make it look good but when you dig into the paper trail you actually see that what you thought was there was an over inflated estimate and not actual hard goods.

I have felt so completely stupid around money and mistrusting of it my whole life because i thought i was just dumb as to why I could not seem to understand it the way others did. But what I see now is that this whole economy is based on lies, illusions, manipulations, and deceit. Its not based on actual wealth just over inflatedperceptions by people who are fucking delusional and seek to control others.

So here i stand, knowing that the money scheme was a doosey and wanting for the first time to get really really clear about how one builds a strong sustainable economy with which a society can thrive.

Can you direct me to understanding how to be a builder of true wealth and what steps I need to take next to live beyond the illusion of money.

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Glenn Meder's avatar

Allecia, wow. That is exactly the type of comment I hope for! I'm not going to provide financial advice (nor am I qualified to do so), but I will give you recommendations on how to learn more. First, from my observations, the VAST majority of financial planners / advisors are confident and competent when the system is working well, but most have no idea how the overall system of money works, which means that they don't know how to see if the dollar itself is in danger of crashing. Also, there are different schools of thought regarding economics and how money works. Most economists follow Keynesian economic theory, or Modern Monetary Policy, but in my opinion, these are not the people to listen to. I think the Austrian Economists have a much better understanding of how things work. I recommend a few people; Peter Schiff, Mike Maloney, and Richard Maybury. Ron Paul is also good. Each have books that are very good. For a good crash course in how the monetary system works, watch these videos: https://socratesgold.com/crucial-education-about-money/ The first book about money that actually got me excited about the subject was Rich Dad Poor Dad, by Robert Kiyosaki. But he also has a number of other great books, such as Cashflow Quadrant and Retire Young Retire Rich. The people who are most important to listen to at this crucial point in time are Peter Schiff and Mike Maloney. Listen to Peter's podcasts and Mike's daily videos, and go back and listen to past videos/podcasts. It really is a fun topic if you listen to the right people who can cut through all of the fog. Please tell me what your experiences are.

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