Congrats on graduating from Law School!
Maybe you passed the Bar Exam, and maybe you didn’t, but either way you’re finding out that finding a job in the legal profession is harder than a rock.
The sad part is I voted for that rock, and it turned out to look smarter than it actually was, and it didn’t do any of the things it promised on the campaign trail—particularly on the economic front.
These days it seems like whatever jobs aren’t outsourced to other countries for cheaper labor are being taken by robots who not only work longer and more efficiently, they happen to have more personality than many people in the hospitality industry—which is where I myself ended up after failing to find a job in my chosen career after college.
Maybe you have it better than I did.
Maybe you’re a bartender—like you were before Law School, and all throughout—and you are stressing over how to pay down your massive student loan debt when you barely make enough money to merely survive.
Maybe you have put your life on hold, not feeling like you are in a position to get married—or even go on a single date, since your financial situation is so dire.
You wonder if you made the right decision going into all that debt for a piece of paper that no longer functions as a key to a better life.
That’s for you to decide. I’m only here to offer a bit of hope, in the form of an idea, a possible path for you to take, one that I’m in no way telling you to take, because I am not a financial advisor, but this is just some brain steak for you to chew on.
This is my thinking as far as debt and economic opportunities.
I’ll use myself as an example.
I have a large amount of debt, and the job opportunities for what I got my degree in are limited—and that’s an understatement.
So, what action am I taking to rectify my bleak situation?
Well, I know our economic system is built on fiat currency in a frautulent financial structure that can be collapsed at any moment by the elites.
So I know any dollar I earn is not a store of value, and I must get rid of it as fast as I can and try to convert it into an investment with leverage that will act as a seesaw, so that when the dollar crashes, whatever I traded my dollars for will rise as a result.
I believe we are moving into a world ruled by blockchain technology, of which cryptocurreincies are built on top of.
There are literally hundreds and hundreds of cryptocurrencies.
Some offer function, and some are more like decoration—looking pretty but doing no work. Reminds me of a woman I used to date.
What you have to consider is this: Does the coin or token you want to buy have utility, a real application, or is it icing with no cake?
Some of these cryptocurrencies will rise drastically and dramatically. Clif High, for example, predicts that Litecoin will be worth 1/4th that of Bitcoin, and others predict Bitcoin will go to one million dollars per coin. Butcoin can be bought for under $6,000 dollars today, and Litecoin can be purchased for under $60 dollars this instant, if that gives you an indicator of the kind of profit that can be reaped from trading your worthless fiat currency for cryptocurrency.
Now, will all cryptocurrencies yield succulent fruit? Most assuredly not.
That’s why you must get educated on the subject before investing even one precious dollar that you barely have into any coin or token, and all financial strategies should be taken with a grain of assault—because some financial advisors are out to make you bleed, so they can then also sell you a Band-Aid.
But I am not a financial advisor, and this is not advice. This is just observations about the state of decay our society is in, and recognizing that the petrodollar is dying, and a new medium of exchange is rising up.
So, will you be in a position to profit from it?
But before you buy money, you must pay for your own financial education.
Buy a book. Buy a library. Knowledge is a better investment than gold—even digital gold, like Bitcoin.
Here’s a good place to start:
After reading Crisis Investing, I realize the value of commodities. Not being able to afford gold or silver, I bought the next best thing: silverware. If I ever open up a soup kitchen I’ll have plenty of forks to go around.
But seriously, how should one invest?
The road to hell isn’t paved with gold, it’s paved with faith. Faith in a dollar that’s backed by a belief that people have faith in other people’s belief in it.
The Bernank might not be able to grow our economy, but he can sure grow a heck of a beard.
I agree with Casey that the US economy is overregulated. Consequently, the market has more distortions than a house of mirrors, and its body image should be suffering for it. America is morbidly obese, yet she dresses in skin-tight hot pants as though she were Twiggy at 20.
If you want to know what to invest in and why, not specifics, but more the fundamentals, then this book is definitely for you.