Thread on the importance of Tokenomics:
What is the difference regarding real value of Phisical items vs. Metaverse items ?
RT. If you found it useful
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If I had to pick the most important chapter from my new book, How Countries Go Broke: The Big Cycle, this would be it.
Because once you understand the big cycle and how it works, watching events unfold is like watching a movie that you have seen many times before.
You learn more about what it means for all of us in chapter 8 of my book, available for wherever books and audiobooks are sold.
#principles #raydalio #howcountriesgobroke #economics #history @SimonAudio
🧵 THREAD: Crypto-X is flipping bearish again, predicting a 2021 double top.
I see influencers saying "I sold all my #Bitcoin today" everywhere.
The narrative is getting loud. But what's really behind it?
I took a deep dive watching some important indicators👇
Re the U.S. debt downgrade, you should know that credit ratings understate credit risks because they only rate the risk of the government not paying its debt. They don't include the greater risk that the countries in debt will print money to pay their debts thus causing holders of the bonds to suffer losses from the decreased value of the money they're getting (rather than from the decreased quantity of money they're getting). Said differently, for those who care about the value of their money, the risks for U.S. government debt are greater than the rating agencies are conveying.
#principles #howcountriesgobroke #debt
Understanding, accepting, and working with reality is both practical and beautiful. I have become so much of a hyperrealist that I’ve learned to appreciate the beauty of all realities, even harsh ones, and have come to despise impractical idealism.
Don’t get me wrong: I believe in making dreams happen. To me, there’s nothing better in life than doing that. The pursuit of dreams is what gives life its flavor. My point is that people who create great things aren’t idle dreamers: They are totally grounded in reality. Being hyperrealistic will help you choose your dreams wisely and then achieve them. #principleoftheday