Storytelling is the foundation and framework of communication. It’s essential to convey values in an easy, engaging, and emotional way. The world is filled with stories, many of which are reborn with different values depending on how they are processed. Investment, management, and love are all forms of storytelling. This world craves stories. Myths in ancient times, religion in the Middle Ages, and media today all process and share stories. Entrepreneurs are storytellers. However, most people in business tend to overlook telling stories and only focus on presenting products and services. No product or service enters the world without a story. - Joseph’s “just my thoughts”
Money is largely divided into two categories: Standard Currency and Fiat Currency. Standard Currency’s value is tied to real goods, while Fiat Currency relies on legal enforcement for its value exchange. Standard Currency is termed convertible gold if it can be exchanged for gold and convertible silver if it can be exchanged for silver. However, for any currency to be created and circulated in the market, bonds must exist first. When the government issues Fiat Currency and distributes it, the central bank lends money to commercial banks; this process is effectively a loan. A loan is legally recognized as a bond and represents a debt that must be repaid. Without debt existing in the world, money cannot circulate. The government manages the economy by adjusting the money supply in the market, either by collecting or lending more of these loans. Many people aspire to make money, but few truly understand what money is. - Joseph’s “just my thoughts”