In the article from the day before yesterday, there was a typographical error that several readers have already noticed: "Where did the 'third layer' go?" Here, I would like to correct it: the article, according to my organization, categorized the population into only five layers, not six. Thank you to the attentive readers for pointing this out.
In the articles shared the day before yesterday and yesterday, I only shared the analysis of the "poverty trap in a low-trust society" from a personal perspective by Brain General.
The individual is the atom of organizations and even society. From this, we can easily understand the problems that organizations (companies) and society (countries) formed by individuals trapped in the poverty trap of a low-trust society will face.
Therefore, in that video, there are also two parts that further analyze why our enterprises and our country encounter some entangled issues internationally and fall into some predicaments that outsiders may not understand.
For individuals, if this outdated thinking is not thoroughly restructured, the ceiling of their development is visibly limited. The same logic applies to enterprises and countries; if this outdated mindset is not corrected, their development ceiling is also visibly limited.
In addition to this video, there are two series of videos that I particularly like: one discusses gold, Bitcoin, and credit currency; the other explains the differences between U.S. Treasury bonds and China's local government bonds.
Recently, the surge in gold and silver prices has once again brought forth discussions about the gold standard and silver standard. However, I have never believed that the gold standard/silver standard is the monetary system that should be adopted in today's society; rather, I believe that credit currency is the engine that releases the productive forces of modern society and creates wealth in modern society.
Although credit currency has various issues, the most serious being excessive currency issuance, just like nothing is perfect, credit currency also has its problems. However, the solution to these problems does not lie in reverting to the gold standard/silver standard but in continuously developing and advancing with new systems and new technologies.
Brain General's video analyzes the logic and reasons behind this from a historical perspective in detail.
I believe this logic also applies to Bitcoin. I do not think that Bitcoin's fixed issuance is the reason it can serve as a new type of currency; rather, I believe that the method of achieving credit purely through technical means is one of the reasons that makes Bitcoin great.
I mentioned our country's local government bonds in previous articles. However, I believe Brain General's explanation of this issue truly achieves a depth that is easy to understand and engaging.
He compared the characteristics of historical British government bonds, U.S. Treasury bonds, and our local government bonds using a comparative method, clearly listing the similarities and differences among the three. The logic behind this is also common knowledge that everyone can understand.
I believe that after watching this video, we can truly understand the characteristics of our local government bonds from a very fundamental logical perspective.
Understanding the characteristics of local government bonds has a direct benefit for us: that is, how to avoid pitfalls when purchasing various financial assets in our country.
For example, we are often sold various financial products by banks, and we must be particularly cautious about what the underlying assets they are truly linked to are.
For things that are unclear, the simplest approach is to resolutely avoid them. If we can do this, we can at least avoid 99% of the pitfalls domestically.
However, I do not agree with every viewpoint in his videos. But this does not detract from the depth and value of many of his videos.
In today's internet, there are not many authors who can clearly describe seemingly "high-end" issues in a complete manner with clear thinking and an easy-to-understand approach.
As viewers, we can absorb and draw from these insights with an independent thinking perspective, making selective choices.
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