What if there was no EO
The opportunity to move forward is still before us for those who understand the time. Understanding the time in my opinion means to have a perception about life and the things around you enough to place self where others don’t see opportunity and profit. No not magic or luck but stalking the horse and putting in the time and effort to move forward no matter the destination goal etc.. Creativity is all those without excess money resort to, lack of access is many times the mother of invention.
Being able to access resources at a discount can be a serious game changer. The resource is internet and the discount is that you can become knowledgeable about anything and write your own ticket. This is the beginning of a journey that I have committed myself to. This journey has allowed me to understand that I have the ability thru understanding certain principles just how to make my life a more satisfying experience for my family.
We can now like no time before look to others in similar situations around the globe and see cultural practices that are being used to change whole communities and nations at a faster pace. The reason for this shift in results is due to technology this is no secret. The thing we should take away is that these people are doing things at a faster pace with little resources.
The new way of doing business in reference to trade and transactions using digital transactions, or peer to peer spending for example. Applying proper economic models to low income areas and businesses like circular economics. Making opportunities for outside money to come into the area and circulate. Be in position to take advantage and scale up to the challenge is what I see.
What is wealth?
Well that depends on the individual really but I would say a way to measure wealth is the ability to leverage resources. One who is wealthy has options and a planned economy certainly leaves the majority with less options.
World-renowned Peruvian economist Hernando de Soto in his book “The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else” discussed the true meaning of wealth:
Wealth is all about combining resources, to make pencils, to make clocks, to make machinery. And the way you bring things together is by knowing precisely who owns what. To be able to use possessions to guarantee credit. By being able to issue shares over assets so that people will finance or invest. By having contracts that people will trust. That is what the Europeans got over the last 100–150 years ago and managed to go from poverty to wealth.
How do we spark interest????
Education real world examples and those with know how is the short answer. We sit down with those in charge and explain the situation and provide real solutions not having all the answers is part of the process. We sit down and lay out the issues and resolve them one by one considering different Technics. We build alliances with those who have money and resources and experience. The ability to connect worldwide is here and the option to reinvent the wheel is not needed. Doing business is possible not only in local community goods and services can be produced anywhere and marketed to an audience everywhere in the world that is web capable.
So whats the Agenda?
Market economy practices can be used like never before in our history. We create our own cryptocurrency and we trade stuff we already own to receive cryptocurrency to use elsewhere?
People invest in the cryptocurrency and use it to sell to the market at a profit if demand is high to trade on the exchange?
We create an exchange and trade items from personal items like , electronics, clothing, furniture and brands?
What will happen is we are engaged in economic activity immediately, we begin to transact based on demand and supply and we optimize our community based on demand and supply and we experience immediate economic growth by using our own resources, our virtual currencies to exchange value between each other.
Who is EO and why do I care?
Economic Obsolescence is defined as a form of depreciation, or an incurable loss in value, caused by unfavorable conditions external to the property, such as the local economy, economics of the industry, availability of financing, encroachment of objectionable enterprises, loss of material and labor sources, lack of efficient transportation, shifting of business centers, passage of new legislation, and changes in ordinances. EO also may be caused by a reduced demand for the product; overcapacity in the industry; dislocation of raw material supplies; increasing costs of raw materials, labor, utilities, or transportation, while the selling price remains fixed or increases at a much lower rate; foreign competition; legislation; and environmental considerations.
Economic obsolescence (“EO”) is an often overlooked form of depreciation. It isn’t something you can see, touch, hear, smell, or taste. Because it isn’t apparent to the senses during inspection, many assessors and appraisers find it hard to quantify, analyze, or sometimes even acknowledge. However, investigating and analyzing EO is an essential process required for the valuation of property, especially complex properties.
The flip side of the coin…
Local business creating a closed loop currency potentially generates web and foot traffic for local businesses. The possibilities are greater now to create a local exchange local fiscal-ism trading. The tokens in question are prepaid closed-loop units of value and will likely fall under the volume threshold. Unlike gift cards which are now obsolete by the crypto-token paradigm, digital crypto-tokens can be fractional and do not expire and have constant trading value on a market exchange. This allow individuals to trade on the exchange their remaining fractional balance versus gift cards that expire remaining balances too small to spend anything on.
So who keeping watch ?
the crypto-tokens are smart, augmented units of value. You can establish metrics and data points and track what the tokens does and how effective the token is in demand by the community in almost real-time and adjust business models around strong demand or lack of demand. With the creation of local currencies, these digital notes can be utilized to generate business and commerce within an area no matter how large or small.
Are the tokens worth me investing?
The tokens are backed by the US dollar to retain value so if they go under $1, the token provider can “buyback” at a discount, reset their business and offer the tokens again at a profit. The perks also have an advantage over cash by creating value that is not realized by regular money — this is better than coupons where an individual will feel obligated to local businesses and see they get perks for taking a stake in tokens to spend at that local business.
Now I just want to make it know that I am no super brain nor am I trying to look like that may be the case. What I am is a cat who can read and comprehend. So I try always to use this to my best advantage. The ideas I am sharing with you I cannot take credit for developing only for sharing the information in hope that you will get the point. Check out a website called dreamandhustle.com if you've come this far in the article you may find good use of this. Till next time.
Thank you for reading.