Macro-Economics Control Your Life (Essential Knowledge 4 All)
“Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist.
- John Maynard Keynes
Ignorance of 'Something' Does Not Exempt us from the Effects of that 'Something'!
Even tho we may not Know of or Understand #MacroEconomics or a particular Law is still effects us every day life! The filed in divided internal, because divide an concur wants as many sub groups as possible.
In #AustrianEconomics that division is also very visible! There are 2 camps, The World and its #Central banks / Governments have lived by John Maynard Keynes Economic theory since 1913 and His theory was always apposed by Friedrich Hayeks Econ theory.
Check these 2 Battle out their Philosophical Differences in an Epic Rap Dual!
"Fear the Boom and Bust": Keynes vs. Hayek Rap Battle
Their Philosophical differences in these 2 Epic Rap battles!
Story Time
The Macro Economic Lectures who Lost Everything because of Macro Economic Shift
Ill share a personal Story of one of first Economic mentors / Lectures. In order to show that there is a BIG deference in knowing something and understanding what you know! It took me years to get the video above! YEARS!!! - I mean, to understand it enough so i knew how to implement the knowledge into action!
The story of the Econ Lectures goes like this. He worked in a very respectable University in NZ, bought a house in 2007 with his new wife and little baby girl. In 2008 4 insurance companies/Banks went under because of a bubble that popped in financial instruments in the Housing markets. They are AIG, Lehman Brothers, Fannie Mae & Freddie Mac. That sent a ripple though the world, my Mentor lost his house because he was not able to pay his financial obligations and the value of the house went down by 25%. Shortly after he lost his wife and his self respect and went on a big unhealthy down spiral...
Now you Stand Enlightened in from of Stampeding Elephants at your own Peril!
"Fight of the Century": Keynes vs. Hayek Rap Battle Round Two
It seems that Everyone Whats money, But no one actually knows what it is!
To get a lot of something is it not logical that first one needs to learn what that thing is?! Bellow is a simple guide to money that i recommencement you invest your time into to understand the Subject of Money. Its History, who and how makes it and what the future of Money IS.
Think & Grow Rich Ep 1 Intro (Money) -A guide to Riches from a Millionaire
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I appreciate it!
very interesting topic that you have addressed dear friend @rawdoctor congratulations.
The divisors were very good for you.
I wish you a great year full of success dear friend
Thank you very much, they do look magic!! Im a philosopher / librarian at heart! Thank you for your wishes! I would also like to wish you a Happy New Year. May the New Year bring to you warmth of love, and a light to guide your path towards a positive destinations! Wealth is luck, health, family and love!
"With all the knowledge available, today, it seems that understanding or wisdom is lacking in most." Horrible paraphrase of philosophy or sentiment echo by others and yourself. If I'm truthful, the more I'm exposed to, the less I understand the world. Is this caused by information overload or some type of misdirection? I'll be checking out your other videos, @rawdoctor, and hopefully, I can gain some understanding.
Looking forward to posting more content. Time is a commodity that is scarce. But we are all doing our best. They say the best way to learn is through experience. That's how I lived most of my life. Until I realised I was making too many mistakes , altho the lessons were good the price was too high. That's when I heard the most simple yet profound phrase, wise people learn from the mistakes of others, smart people learn from their mistakes and dumb people don't learn at all. I wish that I I'm wiser more often then I'm smarter comma but most the time I'm dumb.
Nice insight @rawdoctor
Pls do follow up too....
Thank you very much it means a lot indeed. When you see please do follow up do you mean follow your account, I believe I'm already following you and looking forward to your content. But if you're implying to keep writing posts similar to the one above kalmah they will be coming in due time.
So true! Invest in yourself first.
Very true Miss. What investments are you planning to do this year ?
I am very excited about this year! Want to learn more about online share trading, do the research and start investing :)
This year is going to be off the fucken chains. This year will bite, but for some it will be the most loyal year of their lives. The best way one can grow is to grow together, to grow community, to grow with their team. Just by joining this platform with the people that are supporting each other the learning curve is going to be steep. And it needs to be, time is a precious commodity!