What the World Needs Now is Real Wealth

Not another Bill Gates or Jackie Ma, or Elon Musk or other titan on global financial fields, but a wealth that begins in the minds and spirits of all of us  Would it be good to have enough to eat and enough to wear and a home to own without worrying about tomorrow?  There has been a lot said about cryptocurrencies in 2021.  The reader will have the advantage of hindsight, but his is what I see.

There will be a squeeze on cryptocurrencies.  There is so much at stake with the invested power centers of national banks to tolerate them much longer.  However, if they survive and thrive I think they possess some amazing opportunities for creating wealth, particularly in the third world and among the poor.  The wealthy have realized the wealth potentials and have quickly run in to pluck the low-hanging fruit, but over the long run if a poor man can learn how, this offers an amazingly efficient way to create wealth that could break the back of poverty.

If I could have my way in government, I would institute a 4 day a month training for everyone who collects social welfare benefits.  It would start on a voluntary basis, and maybe move into a requirement.  In this place, I would set up a way of inculcating a wealth mentality in the minds of the poor.  Everyone would learn to balance a cheque book, to start a business, create income streams, and learn to be satisfied by the income they earn.  People with this training could earn income on top of their welfare checks tax free to 150,000.00.  With no cutbacks until income exceeds 100k, and then reduced by degree to 150k.  Similar training could be offered to the working poor, who earn under 75k per annum.

Some worry, wouldn't this create inflation by putting too much disposable income in the hands of the poor?  Not if the program is able to establish investment guidelines where money is set aside in relatively untouchable accounts like RRSPs,  TFSAs. REITS and other investment vehicles as opposed to being funneled into consumption exclusively.

Currently with Government spending in trillions of dollars, runaway inflation is coming like a freight train at full speed.  When its far away you can see it coming, as it approaches you can hear the horn blasting, but when it passing you and the ground is rumbling and terror of the noise is discomfiting--then you know it is upon ou without doubt.