I'm also struggling to get my mind around this new found wealth that we will realize when the assets are sized. If everyone is a millionaire, then society will struggle if nobody wants to do the work anymore. I understand there will be massive shifts in the economy, but on some level we will still need a functional economic system that combines capital, natural resources, and human capital/resources. Without workers I don't see how it goes well. Are we still capitalist or do we become socialist?
Thoughts???
Debt erased.
New economic boom kicked off by release of technology.
Elevating standards of living to extremely high levels.
Don't worry about everyone being lazy and sitting around, for the release of the new technology will kick off the greatest economic boom in history.
People will have jobs building rockets, new skyscrapers, flying cars, colonizing the moon, working on space stations, building med beds, replication factories, cleaning up the earth, restoring the environment.
So much stuff.
No worries about, "what will people do if we're all debt free"
I wonder about that myself; if everybody is filth rich, then money doesn't have any value anymore.
Yes this goes back to the old question: if we don't live for money anymore, what will we live for?
I wish I had the direct answer but let's talk about it.
48 quadrillion dollars was recently recovered from the vaults in the vatican. There were tunnels 150 miles long, 60 ft across and 20 ft high - ALL filled with gold bullion. This was in addition to artifacts and other prestigious properties.
This was recovered and moved to a base in Texas in 2020. If the US has been sitting on the capital, then the world hasn't imploded yet has it?
I wish I knew the exact financial plan and how they plan to deal with all the issues you mentioned there but here is what I know.
The QFS Quantum Financial System is already online - https://qfs2020.com/the-qfs
The SWIFT system (old system) is now offline. This has been apparent since folks have been able to transfer money between international banks instantly. That was occurring sometime late last year.
Money will be gold-backed, and cash/physical money will still be in place.
There will be a new dollar created, perhaps something international, but at least a new US dollar.
Other countries whose dollar is way undervalued, will come up on par with the US/Brittan, etc
I believe by those things alone, normalizing trade relations, will reshape the world's economy very quickly.
Additionally all debts forgiven, etc.
How they are going to do this without crashing everything and encouraging people to work? That I am not sure.
I for one has given this much much thought over the past year -- what is something I could/would do for free as good will to the world?
I have my ideas that if I were to need no money, I would still do them. Think art, renaissance, information dissemination, helpful acts in society.
Also when all of this breaks there will be many many new industries to pop up, and ones that people actually want to have for recreation will be booming. We will need to redesign just about everything. Turn it from a luciferian upside down world back into a goodly godly world. Think of all the opportunities to do that.
I believe we will have a lot more jobs than people, and everyone will have some passion project that will be recruiting for. Either resources or people.
Lastly, I do not know if basic necessities will be taken care of. It makes sense that to live on our own planet, we shouldn't have to pay for it. Other species in the universe reportedly do not understand why we do. Neither do we :)
Anyways hope I gave more color and vision to your question.
Yes, thanks for the input. So to be more specific and cite some examples that are within my immediate scope. I am a business owner and a few years away from retirement. I'm in construction and have just shy of 500 employees. We are partially owned by an ESOP because the employees are that valuable to the whole thing. During the great recession I gave up everything personally to save the company. Flat-ass broke in my late 40's. Over the last ten years we have built back up and are better than ever, but I'll never forget that we were within 30 days of the bank taking it away.
Currently I'm strategizing to prepare for the next generation to run the show, and also getting myself situated to enjoy life when I can step away. Our employees are compensated fairly and they are owners inside the ESOP, but I don't think most of them would do this job if they didn't need the money.
In my personal life, we have a retirement home on a golf course - still trying to learn how to play. Again, I don't think the guys working on the course would toil in the heat to mow a golf course if they didn't need the money. Who's going to do that? Do those types of jobs go away?
Everyone can probably relate if they think about how many people they depend on to provide services in our economy.
"Other species in the universe reportedly do not understand why we do".
This made me laugh out loud. Since you've seemingly stated this as fact, why don't you please share your source for these reports?
I think debt forgiveness seems logical if fraudulent banks are eliminated but we look how everything has been drip dripped to us at a painfully retardedly slow pace. I'm guessing any wealth return will drip dirt 10 times slower.
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