One article comprehension: A summary of economics! 1、 During the economic upswing cycle, heavy assets are a powerful tool for expansion and mergers, and the armor on the battlefield. The downward cycle is the armor when drowning. 2、 With the development of history, after entering the industrial era, the upward cycle of economies in various countries is becoming shorter and the downward cycle is becoming longer. 3、 According to historical records, it is difficult to sustain an upward cycle for more than 30 years within a country. The next upward trend requires a technological explosion. 4、 It is becoming increasingly difficult to endure the downward cycle. That is why it has been difficult for countries throughout history to escape from reality and move towards virtuality. Financialization makes it easier to transfer and withdraw. 5、 The anchor of heavy assets is liquidity, and the most important thing is to hold the explanatory power yourself. Promote its high or low value. Someone is taking over the plate so that you can throw it high. Or if the value is underestimated, you can buy low. 6、 Without liquidity support, heavy assets are destined to be the armor of drowning. Because the maintenance cost is too high. The maintenance cost mainly depends on the quality and quantity of labor, rather than materials. The historical cycle of having quality and quantity is very short, and having quality but not quantity and having quantity but not quality are the mainstream. The former can maintain the decline speed of heavy assets at a high price, but the cost cannot be low. The latter has low costs, but cannot maintain the decline speed of heavy assets at all. 7、 Heavy assets are easily misleading human objects. Only game rule makers can actually possess heavy assets. Not even the participants actually own it, but it is temporary or managed. The rest of the people are actually slaves of heavy assets, not owners. In the short term, they are certainly owners, but in the long run, they are slaves. 8、 For private individuals. Essentially, heavy assets can only be a form of speculation and cannot be used for investment. At least it has been like this since the industrial era. The era of pastoral poetry is long gone. 9、 The ultimate goal of heavy assets is financialization. Only financialization can abandon the original heavy asset anchor point and move towards a new anchor point. It's difficult to survive the downward cycle without a new anchor point. 10、 Financialization must be backed by strong rule of law. Otherwise, it will inevitably lead to the historical cycle of 'land consolidation'. And this speed will get faster and faster. 11、 Since heavy assets are essentially financial products. So for individuals, high throwing and low sucking are the most important abilities. 12、 Heavy assets are not actually anchors of quality of life. That's an illusion. Quality of life consists of two parts, things and people. Heavy assets belong to objects. People include two levels: service providers and service recipients. At the human level, there are four types of reality - spending money without quality, doing as much as you spend, paying a high premium for quality, and high-quality products that are not circulating in the market. This happens to be the sequential ranking of quality. The highest quality is not in circulation in the market, which is precisely the most easily overlooked part. People need to be both subject recipients and service providers who serve the subject (or themselves or others). Spending money without quality is the most valued but overlooked part of the secular world. 13、 High throwing mainly depends on one's foresight, fully reflecting one's ability. Low suction, luck, foresight, and willpower, at least two of these three factors should be considered. Low suction can easily lead people to misjudge themselves, and successful individuals may mistake it for their own abilities. Most of the people screened by low suction are lucky ones, not those with high abilities. So in reality, few successful individuals possess excellent high throwing ability. 14、 Since heavy assets serve finance, owning them is just one of the means. Leasing is also a means - used for the next round of financing. The reason why inferior coins eliminate good coins is because inferior coins discover that if the equivalent is put into leasing, more leverage can be gained. So human society is essentially a disordered financial market. 15、 Before the low absorption of heavy assets. Firstly, there needs to be manpower. Having sufficient manpower, heavy assets are the key to survival. Otherwise, if you inhale low, you will still die. 16、 There are two rational interpretations of human social behavior. Upward cycle, try your best to acquire heavy assets. Based on this, obtain more financing. During the downward cycle, actively participate in financial speculation to minimize manpower consumption. Of course, rationality does not mean no risk. 17、 The anchor point for speculative behavior should be the one with the lowest risk, not the one with the highest return. Starting to speculate means abandoning safety and rushing towards profits. You can choose different combinations for hedging. 18、 A country dominated by design investment is simply unable to reduce production capacity. We are going to increase the production capacity for consumption and continue to expand the production capacity for investment. Production capacity directly affects the distribution of power. Capacity does not represent profit, profit and debt are the foundation that supports capacity. In such countries, the actual determinant of consumption capacity is foreign trade. 19、 In theory, the most important thing to protect during a downturn is manpower. But we need to consider the issue of labor support rate and whether there is actual economic support. Protecting human resources may not make ends meet for individuals, as it is essentially a long-term investment rather than speculation. For only some people, it is a rational choice. But from a macro perspective, there is not a big problem because there are always people who are willing to have a large number of low-quality children, and those people are the basic group. Moreover, the human resources needed by micro individuals and macro countries are two different things. 20、 The downward cycle has three stages: high inflation, deflation, and material shortage. Every time we cross a stage, we move on to the next stage. The period of high inflation turning into deflation is suitable for high selling. The period of deflation turning into material shortage is suitable for low suction. But this is only theoretical, for ordinary people, 1. We should try to prolong our consumption behavior cycle as much as possible and choose better quality products to avoid being forced to pay high premiums when there is a shortage of goods. 2. Try to obtain the labor value of young labor force as much as possible. Because this is always of medium quality and low price, the older the average age of practitioners tends to be between 18 and 30 years old, the higher the actual value, and the more severe the underestimation. 3. Exercise your explanatory power as much as possible. 4. Try to allocate idle funds as much as possible to invest in BTC.