The world we live in is not a simple system but a complex one. However, human history has often been seen as a simple system due to religious beliefs and ideology. Science was also viewed as straightforward. But as quantum mechanics advanced in recent times, it has become increasingly difficult to explain or interpret the phenomena of this world from the perspective of a simple system. The world of wealth-generating investing is no different. In a simple system, the ability to perform multiple functions at once, called ‘multi,’ is beneficial. Yet, in a complex system, having ‘insight (meta)’ to understand multi-dimensionality becomes crucial. Intuition to grasp connectivity has gained more importance. - Joseph’s “just my thoughts”
Value in Kind (VIK). Refers to the spot value . We pay money to buy the goods we need, which represents an exchange of goods for currency. However, since money is also a kind of good, it has a relative value that constantly changes. That’s the price. When the price of goods rises, it indicates that the value of money in relation to goods declines. This phenomenon is called INFLATION . If other goods exchanged for goods experience a greater value increase than currency, the seller finds it more advantageous to transact using those other goods rather than currency. We prefer to exchange currency in transactions because it is a government-guaranteed compulsory means of exchange . The right to exchange anything constitutes compulsory circulation power . However, this is the only value of money. If the price of gold is rising significantly, and you can exchange gold for goods, it becomes a better option for producers of goods to trade in gold instead of money. Originally, the pre-currency...