Who Steals from You Whithout You Even Noticing It?
There is a group of people who manage to extract your wealth from you and you don't even notice it. I reveal in this video who they are and how it works. Watch this video if you don't want to be taken advantage of.
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E-Book: https://www.amazon.com/Ready-Set-Special-Entrepreneurs-Professionals-ebook/dp/B078WZXJDW/
Hardcover: https://www.amazon.com/Ready-Set-Go-Nick-Nanton/dp/0999171402/
Get free chapter of my upcoming book about billionaire thinking: http://TheBillionDollarSecret.com
VIDEO TRANSCRIPTION
Hi guys, today from London; from the Hyde Park.
Today we will talk about who steals from you without you even noticing it.
[Music]
So, in order to explain to you the full topic, I need to tell you a story of the Yap Island.
They had interesting economy. Their money was limestone. Huge stones of limestone that doesn't exist in nature on the Yap Island.
They were importing / bringing huge stones of limestone from another island to Yap and placing them somewhere on the land
Even on the beach or even in the sea. These limestones were hard to get and they had a certain value and purchasing power.
And if somebody braught a limestone, it belonged to him and the community gathered and he told everybody "This is my limestone".
And then he traded something, let's say house for this limestone. Then the community gathered he and the seller of the house
And they were telling the community "I trade the house for this limestone" and from then on the community knew now the limestone belongs to the seller
And it was also possible to have a partial ownership of the limestone, and so on...
So, you could say "I will buy this house for this limestone / 70% of this limestone and 30% o the limestone I'll keep".
So, from then on everybody knew 70% was this guy and 30% this guy. So they could trade it or even divide it up, and so on...
So, it was kind of social bookeeping of the limestones. It was generally the money of the Yap Island.
And it worked for hundreds of years (even if not for thausands of years) on the Yap Island, I guess.
Until a guy called David O'Keefe came (he was American) with a ship and he wanted to trade coconuts with Yap Island; to buy from them coconuts
That were naturally growing there. He wanted to buy coconuts but they didn't accept any money that was used in the Western society at that time
Like gold, stuff like that. It didn't have value for them. What had value for them were the big limestones.
And it was time where there were explosives in existance already. So, what David O'Keefe did was...
He was getting the limestones with modern methods like explosives and stuff like that cheaply from other islands and bringing it to Yap
And trading it for the coconuts. And of course, the elders of the Yap Island immediately recognized what was happening
And were warning the people of the island not to acknowledge these cheaply produced limestones that they don't have the same value
They shouldn't have any value actually because it was not the same work and effort used to get these limestones.
But the people didn't care. They saw limestones that they used to value and they were trading their wealth for these limestones.
And until the population noticed what was happening David O'Keefe managed to rob the Yap Island generally of its wealth.
By trading tese coconuts and then other goods for the limestones that he was able to cheaply manufacture.
So, here we can notice the economy of Yap Island was drained; was sucked of by somebody who was able to cheaply manufacture the money of the Yap Island.
Much cheaper than the other people who traditionally manufactured that money or who traditionally had to use workforce / manual work
To get a limestone out of rock and to transport it to the Yap Island. Now another example. The aggry beads in Africa
You have certainly heard that these stupid Africans were trading goods for some bids that were coming from Europe, and so on...
So, there were stupid people and the Europeans were able to buy stuff from them practically for nothing.
But the reality is slightly more complicated. It's not that they were stupid people. The aggry beads were actually for hundreds of years a payment medium
Generally money in Africa. Because these aggry beads were extremely difficult to come by. For technological reasons
That they were using for that and these minerals were just extremely rare in Africa, especially in West Africa. We're talking about the western part of Africa
Where the aggry beads were used as money. But then in 18th and 19th century the industrialization came to Europe and
And Europeans were able to cheaply manufacture glass and made like these beads out of glass.
And some of these minerals that were used by Africans was actually a natural glass more or less.
And Europeans were able to cheaply manufacture such beads and they were using them as money in Africa. That was accepted as money.
And they were able to trade with Africa with these cheaply manufactured beads. And again, they were able to trade even slaves
To buy people on the slaves' markets of Africa for that manufactured beads. So again we have a situation when somebody...
So, as long as Africans were trading between themselves with these beads that they couldn't easily come by, everything was in order.
But when somebody comes from outside and is able to use the same money / the same substance as money / the same object as money
But he is able to manufacture it in much cheaper way. It doesn't cost him practically anything. Then it becomes destructive for the economy
Because this guy / group of people can actually drain the economy / buy the wealth of the people for the money that they don't actually have.
They just produce out of nothing. And now, when we translate that to the modern society, to the modern states and countries.
We see that the regular business and the citizens can't manufacture the money. They have to use the money that is given by the government.
They have to earn the money / to sell something to others to get the money; to do work to get the money or to trade in order to get the money.
But they have to put in the effort and the work to get possession of the money. But what does a government do?
They generally, in a very simplified way, can print money and buy everything in the marketplace. Everything in the economy with that money they've printed
Let's say you want to buy something from me for $100, you first need to have this $100 and in order to have that
You have to first sell somebody else something for $100 or make a work that is worth $100.
But if a government want to buy from me something for $100, everything it needs to do is just to print the money' to print $100 bill.
What is the cost of printing $100 bill? Maybe 10 cents? 1 cent? It's like a 10 000 part of $100. So, it's practically nothing to print $100.
But they can pay for something to you that is worth $100. For the goods, for the real goods.
So, when you use the same analogy from the Yap Island and the western Africa, then we see that the wealth of the citizens is drained by somebody
Who can manufacture the money practically for nothing. I mean who can cheaply manufacture the money that the citizens can't / are't allowed to
And this somebody is government. So, governments drain the wealth of their citizens by printing the money. This is a natural fact.
This is the same thing that happened in the Yap Island and in western Africa. So, this happens on the national level.
So, now if you come back to the question who is stealing from you without you noticing it then I can answer you this question with
Government is stealing from you on every day basis because it buys from you the goods for the money that they can manufacture cheaply, directly or indirectly
And on the other hand, the money you keep is loosing it's value from day to day; from year to year.
And if you think Africans were stupid to accept aggry beads or any beads as payment
For the real products, then ask yourself this question. Why do you accept money that somebody can manufacture at no cost?
Why do you accept worthless paper that somebody can print? And they not only can print it. They actually do print it in horrendous amounts.
There is three times as much money today as there was in 2000.
I know this is a controversial topic. I invite you to discussion, to the comments.
Let's talk about who is stealing from you and why? If you like this channel, subscribe, don't forget to hit the bell button in order not to miss my videos
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