Chain Reactions and Links: A phenomenon where one event continuously influences subsequent events, connected by a common link. For example, when the central bank raises the base rate, interest rates at private banks increase, which raises the cost of loans for citizens and leads to higher prices. Interest from central banks, interest from private banks, interest on loans from citizens, and increased production costs are all interconnected, so a change in one part affects the entire system. This is a chain reaction. A decline in one area can cause missed revenue opportunities because everything is connected. The link creates this connection. In the example above, the link is the act of borrowing money, which is essentially a loan. To stop the chain reaction, you must identify and break the link in the chain. - Joseph’s “just my thoughts”
There is a country of 607 islands in the West Pacific, Micronesia. One of the islands, “Yap Islands,” used limestone as a currency. The monetary unit is “fei”. Big stones, oh no, big money, 3.6 meters in diameter and weighed 3.5 tons. The bigger and heavier is a more expensive price, because of the harder the carving. The peculiar thing was that when the people moved the stone for trading, they directly moved it with a canoe, and no one marked the money after the transaction. In the meantime, a rich man had to deal with someone and he met the storm while carrying the stone money in a canoe. Securing his survival, he had to throw his money out of the canoe into the water. When he met the counterparty with an empty hand, no sooner did they confirm the force majeure case than the counterparty confirmed that the villagers additionally recognized the value of the sunk money in the water and approved the transaction. Then, the existence of the sunk stone money was recorded on a wooden board,...