The era of high interest rates will never come back again

In your lifetime, the era of high interest rates will never come again

​The basis of my argument is that those who are interested in the economy would have heard it once

Nixon's declaration of suspension of gold, the greatest event of the 20th century

This story was told by Kiyosaki, who wrote rich dad and poor dad

It was once popular all over the world with a good book

(These days, he's been walking around the U.S. and taking out a bowl of bitcoin. He looked a little pitiful)


Anyway, after the biggest event of the 20th century, the gold standard, the capitalist system is beginning to lose its grip

As you all know, capitalism consists of earned income and capital income

It's a system that's rolling in a tight balance between capital and earned income

If you had a good education, your school teacher would have given you a glimpse of the three elements of production

The three components of production are land, capital, and labor

And because land eventually belongs to capital, the three elements of production are capital and labor

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So when you get income from production, it's divided into capital income and labor income

Now do you have a rough idea of capitalism and earned income on copper income?

So you're out of economic illiteracy. 

We're going into deep learning now Focus again


Capitalism is a system that rolls through a tight race between earned and capital gains

As I said before, the judge of the power struggle is the interest rate

The interest rate is the return on capital And then some of you might ask, why do we judge the power struggle between labor and capital as the rate of return on capital? That's because this is the world we live in is a capitalist system

Of course, from a labor perspective, the government raises the minimum wage for workers and sets the law for working hours per week, but it's not an absolute standard as much as the rate of return on capital


In South Korea, the United States, and Japan, there is no country that produces only labor or capital because the mechanism of three factors of production, capital, and labor, works

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You need workers to work in factories to produce things, but you have to spend your money to build factories, build factories, install factories, and have users

If the first Samsung CEO was satisfied with the present and did not invest, who would build a semiconductor factory in Pyeongtaek?

We need a capitalist who's trying to make money

We need workers who work under capitalists

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It would be nice if labor and capital could be balanced properly

Everything in the world doesn't go my way

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The semiconductor factory workers who work under capitalists end up getting paid in proportion to their time 20,000 won for an hour's work

40,000 won for 2 hours and 60,000 won for 3 hours

 

But in the case of capitalists, they don't live on time

They're people who make money with money, so they make 20 billion with 10 billion

They can make 40 billion with 20 billion and 80 billion with 40 billion

So in a capitalist country, if you want to live as a master, not a servant,

You can't count numbers in decimal numbers

1 2 4 8 16 32 64 You need to know how to count in multiples.

In the end, people who work with their bodies make money proportional to their time

People who make money out of money, 2, 4, 8, 16, 32 are going to have an exponential increase in assets like this

The fundamental difference between these gaps is the rate of return on capital

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The guy who deposited 100 dollars in the bank

Because you get the same interest rate as the guy who deposited $1 billion in the bank

It's a battle where the one with 100 billion or 1 trillion wins

This is where there is a serious gap between capital and labor and labor

Big money or small money, you get the same interest rate

While there is a child who receives 130,000 won a day for construction work at a semiconductor factory in Pyeongtaek,

If there's a kid who puts 100 billion won in his bank account and gets tens of millions of won in interest per day


From the perspective of mr.Kim, who works hard, mr.Kim is angry

so He'd quit, drink in the corner of the house, become a communist

or Some of them kill themselves and look forward to the next life

Simply put, they're less motivated to work and the workers aren't willing to work

So the early capitalist architects anticipated these side effects in advance

They built a complementary device

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Yes, that's the gold standard Capital may increase as production increases

The total amount of capital is limited to the physical total amount of rare metals called GOLD

So in the 20th century, the balance between capital and labor could be maintained to some extent



It wasn't even a few years after breaking away from the gold standard

If you drive a taxi for 3 years, you will buy a house in Seoul

I heard that I could pay for a semester after 15 days of construction


If you say that these days, I think you're a spy who just came down from North Korea

Thanks to the gold standard that Nixon cut off,

Capital can now expand indefinitely
What is the value of money when the total amount of money increases?

Yes, it's worth less than the total increase

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But I can't just sit back and watch a loose colt go crazy

So the state is going to step on the brakes of interest rates

I repeat, what did I say earlier about the interest rate?

Yes, the interest rate is the return on capital

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When interest rates go up, the return on capital goes up

If interest rates fall, the return on capital will fall

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To put a brake on the current situation of capital flight due to the abolition of the gold standard

What should I do? Yes, we need to lower interest rates

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If you raise interest rates, capitalists who make money with money can deposit 100 trillion won in banks and become even richer.

Will the workers see it and work? He'll lose his will to work and start a riot

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So when interest rates go up, only the return on capital gains goes up

It only speeds up the capitalists' ships to the capitalists

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That's why you won't be able to structurally come to the high interest rate era in your lifetime

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Let me tell you again

In a capitalist system where the gold standard disappeared,

The era of high interest rates will never come back

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Fifty years ago, gold was $35 an ounce on a gold conversion basis

It's currently $1763 an ounce

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That's roughly doubled in 10 years

Use a strategy that doubles in 10 years

Gold or real estate, that's right, if you calculate it twice as much in 10 years

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Please educate your children about this concept before they become adults

There is no inheritance and gift tax in education