The future is about ownership

The future is about ownership:

‍

The future is about ownership.

‍

It’s about what you own.

‍

For my generation, owning assets will be hard.

‍

Especially a house.

‍

I wrote about it (link below).

‍

Don’t buy a house.

‍

It’s not worth it.

‍

So what can you own?

‍

Today it’s stocks.

‍

You can buy it through your phone.

‍

Apps like Robinhood and Wealthsimple give you an illusion of ownership.

‍

When you buy these stocks, you own them right?

‍

Wrong.

‍

The bank does.

‍

You pretend you own it.

‍

But you don’t.

‍

And when the bank wants to take it back, it will.

‍

It will take everything.

‍

Watch this documentary.

‍

It’s called the Great Taking (link here)

‍

It’s done by someone who used to be in the world of high finance.

‍

He was a hedge fund manager.

‍

Someone who knew all the top guys on Wall Street.

‍

He walks you through how the system has changed.

‍

How slowly over the last few decades, those in power have changed the system.

‍

They’ve completely flipped it on its head.

‍

The big takeaway is at the end.

‍

When he talks about how they changed the law.

‍

When no one was watching, banks changed everything.

‍

In times of ‘market stress’, CCPs (central clearing parties) and the central banks will own everything.

‍

All the assets you own in the banks, they’re not yours.

‍

They won’t be in the next crisis.

‍

That’s the argument David Webb is trying to make.

‍

This sounds conspiratorial.

‍

And maybe it is.

‍

But let’s see.

‍

The next crisis is coming.

‍

Sooner than we think.

‍

Definitely this next decade.

‍

And it will be bad.

‍

The question in those cases will test the hypothesis - what do you really own?

‍

As Klaus Schwab at the World Economic Forum has said, you will own nothing and be happy.

‍

We can’t buy a house.

‍

We can’t participate in asset appreciation.

‍

So while central banks print money into infinity, every day people lose.

‍

Inflation helps asset owners and ruins everyone else.

‍

Central banks have chosen that path.

‍

So how do you keep up?

‍

You need to own something.

‍

That’s one of the goals I have.

‍

How do I give ownership to other people?

‍

This is where crypto comes in.

‍

Had this idea a few years back and its resurfaced recently as I’m reading Chris Dixon’s book ‘Read, Write, Own’

‍

It’s about the eras of the Internet.

‍

And how the Internet is moving into an ownership era.

‍

Why is that relevant?

‍

Because you can participate in the upside of your favourite people.

‍

I’ve had this idea to create a platform where you can buy into people.

‍

You can buy into their creations.

‍

But it’s not just buy-in - you can get paid for it.

‍

I’m still early and exploring the idea.

‍

But it’s coming.

‍

That future is coming.

‍

It’s the only counterbalance to what’s happening with the current system.

‍

Millions of people are going to wake up soon and realize all they’ve worked for isn’t theirs.

‍

They don’t actually own the thing they thought they did.

‍

We need to flip that on its head.

‍

We need to give people ownership.

‍

The future is about ownership.

‍