Just a quick note that Jeff Johnson’s Traffic And Leads Training Academy is being launched next week… Some people may question if this is really something worth checking out, but I’d say if you are in the internet marketing world and not making 5 figures a month then this is a must…

And on that note, let’s talk about money… I’ve been talking about the economy and the future of money with friends lately and some of the things I’ve been hearing are downright ridiculous!

Some say that in the future we won’t even need money in order for our society to function. “How could this be,” others may ask. It may sound like a crazy idea to us living in such a dollar-based economy, but throughout human history there are numerous examples of economic models based on commodity-driven factors. To take a simple example, many ancient societies simply bartered or even used beads or sea shells as a fungible item of currency. So, this begs the question—where are we headed?

Well, that’s a good question. It’s hard to say where we’re headed when it comes to currency. However, the idea that the dollar and other traditional forms of currency will one day be replaced by commodities or alternative forms of currency is not so crazy when you look at the recent popularity in commodity driven markets and in the development of cryptocurrencies.

A significant reason for the rise in these phenomena could be traced back to the great economic collapse of the early part of the 21st Century. It certainly shocked a lot of economists. The subsequent downgrading of the world’s major economies, most notably, the United States, reinforced the idea that we may be headed for some major changes in the future.

Indeed, if we look at how alternative currencies have been gaining traction in recent years, we could conclude that this is a sign of things to come in the future. And I say, this is ultimately a wonderful thing. After all, with change comes innovation and people have always been innovative when it comes to figuring out new ways to buy, sell or trade goods and services!

So, don’t worry too much about where to invest. A wise investor would simply diversify his or her portfolio to include various forms of currency.

 

DISCLAIMER – NO FINANCIAL ADVICE!:
The authors of this website are NOT certified financial planners/advisors, financial analysts, economists, CPAs, accountants or lawyers. We are NOT finance professionals. The content of this website is for informational and entertainment purposes only and does NOT constitute financial, accounting, or legal advice. We can’t promise the information shared here is appropriate for you, or anyone else. By using this site, you agree to hold us harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.

The first decade of the twenty-first century has certainly been eventful for anyone interested in global finance. First, we saw the decline of Enron. Then, we saw the mortgage meltdown. We also witnessed how these two events affected global confidence in the American traditional market capitalism. By no means am I suggesting market capitalism is going away anytime soon. But what I will say is this: we’re going to see some major tweaks in that system.

The great thing about market capitalism is that it’s an economic system that allows people to truly realize their potential. You work hard and that hard work pays off with financial gains. This is a basic truth that will certainly remain true in the years to come. What will most likely change however is the focus on traditional currencies and conventional investment vehicles in the markets. The problem with traditional currencies is that they’re inexorably tied to the political machinations of any given country.

That’s why we don’t invest in Zimbabwean dollars! Certainly, this paves the way for the growth in forex because you analyze the market and make trades based on various factors. However, it also paves the way for alternative currency options such as crypto currencies and even commodities. I’ve spend years traveling the world, looking for the ideal place to settle down and raise a family. One factor I’ve always considered is the political climate and how that affected the economic climate.

I came away with one thought after the mortgage meltdown—we’re now so interrelated in terms of economic ties, that nowhere is safe, no matter where you, if something goes wrong somewhere, it can affect the entire global economy. This lead me to conclude that we may be headed towards a future where people are more often than not investing in alternative currencies.

 

DISCLAIMER – NO FINANCIAL ADVICE!:
The authors of this website are NOT certified financial planners/advisors, financial analysts, economists, CPAs, accountants or lawyers. We are NOT finance professionals. The content of this website is for informational and entertainment purposes only and does NOT constitute financial, accounting, or legal advice. We can’t promise the information shared here is appropriate for you, or anyone else. By using this site, you agree to hold us harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.