SATOSHICONOMY-Crypto Culture Content Curated with Consensus and Credibility
SatoshiConomy endeavors to report on the CryptoCurrency Ecosystem from a global perspective and for the good of all, so you have a benevolent source for essential and vital content for all of us, and with all of us in mind. None of this article constitutes financial advice: simply info to assist you in making your own financial decisions. Now you have a relevant and reliable source to help you make informed choices within your CryptoSpace.
RICHES AND "THE 1%"
As i was researching this past week to keep in touch with the global Crypto market, i was very encouraged as i kept seeing comments reminding us of the fundamental and prevailing need to eradicate greed and centralized power/governance within The Crypto Space.
The first thought which came to my mind was the pain of dealing with constant inflation and the manipulation of the very few onto the very many. So below is a snippet of what i researched.
"Just eight men own same wealth as half the world" (Please verify with your own research) https://www.oxfam.org/en/pressroom/pressreleases/2017-01-16/just-8-men-own-same-wealth-half-world
$32,400 annual income gets you in the top 1% globally. www.globalrichlist.com
$450,000 annual income gets you in the top 1% in the USA. http://www.investopedia.com/articles/personal-finance/050615/are-you-top-one-percent-world.asp
$450,000 p/year equals @ $216 p/hour working a 40-hour-week for the year.
$450,000 annually means you are one of the richest 1.2 million people on earth for the year-which equates to around 1,600 people in a city the size of Chicago, USA.
During the past week, Jeff Bezos, the CEO of Amazon.com became the "richest man in the world" by eclipsing $90 billion in wealth. One report had him at only @ $45 billion in January, 2017. https://www.cnbc.com/2017/07/27/jeff-bezos-is-set-to-become-the-worlds-richest-man.html
We live in an exciting and intriguing time. To be sure, every generation will have its own excitement and intrigue. At present, we live in a time where some economists estimate the USA total liabilities are over $200 trillion-a figure which we all should realize will NEVER be nor COULD ever be paid back. We live in a world of debt! It is also a world where this debt has coincidentally made very, very few people ridiculously rich.
Also coincidentally, we live in a world where within the foreseeable future-within most of our lifetimes-there will be the greatest and quickest transfer of wealth in the history of mankind.
The total wealth of the world has always been constant-what varies is the relative distribution of it. Those of us who educate and inform ourselves about the writing on the wall about the global economic state of affairs stand to fair the best in the coming years. And the CryptoCurrency economy presents the greatest opportunity in the history of mankind for the common man to create wealth.
*Cryptos are an ownership-based economy-not a debt-based economy.
i encourage you to manage your money with diligence and awareness.
LOVE ALL, SERVE OTHERS
SatoshiConomy