Tag Archives: finance

What The Sovereign Individual Is About, or Why Should I Buy Cryptocurrency

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You are not alone if you have found your self asking, “Why should I buy cryptocurrency?”

While I was searching for why I should, I discovered a book that eloquently, and correctly, hypothesized what the world would look like after the year 2000 from the perspective of 1998. I imagine it was much like looking over a chasm’s edge.

The Sovereign Individual was written by James Dale Davidson & Lord William Rees-Mogg. I imagine writing with a partner is difficult, but these two pulled it off nicely.

How I came by the book

It is difficult to pinpoint in memory where I found this book suggestion. I don’t use goodreads or other review/recommendation websites. Most times it seems that books are looking for me.

As for The Sovereign Individual, I came across the book while digging through some cryptocurrency forum. The subtitle, “Mastering the Transition to the Information Age” seemed interesting enough.

I’ve written about this kind of stuff before.

I grabbed a copy from Lib Gen on my personal phone and had Librera Pro read the text to me (TextToSpeech, TTS). That’s right, I did not read the book. I listened to it, which just lends to the validity of this book in my eyes… or ears.

What the book is about

The Sovereign Individual is about how impactful technology is on the mega-political structures of humankind.

They, Davidson & Rees-Mogg, examine three major historical turning points:

  • The End of the Roman Empire
  • The End of the Roman Catholic Church
  • The End of the Iron Curtain

With each of these historical turning points, they look at:

  • The context for why these technologies were revolutionary
  • How each new technology fueled changes in human quality of life (for better and for worse)
  • How currency has changed with each era of mankind on account of these technologies

They elucidate that with the invention of the micro-processor humankind has transcended the need or use of the nation-state.

What does their argument look like?

Computational encryption and communication empowers man to write messages that the nation-state can’t stop. And thusly, be able to exercise sovereignty over their liberty.

Need a couple examples?

Unstoppable Messages

I can lock a message with OneKeyChain on my phone that only you can unlock. Or a group of people can unlock. In that encrypted message could be anything. And the desirous-to-be-all-seeing nation-state doesn’t like that.

If you wanted to lock a message that only I can open, here is the pgp public key I generated as an example:

alixander-court.asc

You can lock messages with it and I will be the only person who can open it.

Let’s look at another example.

Uninterruptible & Untraceable Money

Let’s say that you sent me an encrypted message (thank you by the way).

In that encrypted message is an order for something that the nation-state doesn’t want you to buy, but I want to sell you.

As with any transaction, there needs to be an exchange. To fulfill your encrypted order I want to be paid in a way that follows these rules:

  • No outside party can interfere with the funds in your wallet, my wallet, or in transmission
  • The funds can be programmed to dispense once your order is filled
  • The funds cannot be traced by any outside party
  • And the communication of that money must be encrypted as well

As you’d imagine, that sounds like a tall order for you to fill. As a suggestion, a good example of money we could use is DERO.

Here is a wallet address you could send funds to:

dero1qyvqpdftj8r6005xs20rnflakmwa5pdxg9vcjzdcuywq2t8skqhvwqglt6x0g

What I think of the book

The most fascinating part of this book is the survival list they give for how to survive the death of the nation-state.

I re-wrote the list in my own words:

  • Become a customer of government, and go where you are best served
  • Cease and desist being an American Citizen, they are going to tax and regulate you into poverty
  • Live as a luxurious refugee, traveling the globe
  • Do not leave money in any country that seeks to conscript you or your family
  • Reside in a country other than where you have a passport
  • Travel widely to countries that want you and your business
  • Reside in physically secured places, safe from violence (guards, walls, security systems)
  • Hire protection, physical and legal
  • Avoid jurisdictions that were once industrial era giants
  • Keep your focus on the southern hemisphere
  • Get your business on the internet
  • Use encryption
  • Domicile your business in a tax haven/off-shore trust
  • Focus on countries with high income inequalities
  • Earn income as an “agent”, or as a gig worker; think: piece work
  • Study how and where tech is going to replace your skills
  • Generate an income by adding knowledge to products and services
  • Work for the rich, the brilliant, and the skillful – not the State
  • Divest time, money and energy from high consumption countries; trends will change
  • Clearly anticipate the concept of debt deflation
  • Invest in cybermoney (Crypto)
  • Avoid debt
  • Look at the P&L and Balance Sheet of the countries you want to do business in or live in
  • Bring innovations to countries that don’t have, or ever used, those products/services
  • Improve your thinking, communicate your ideas on the internet
  • Stop thinking conventional thoughts or using conventional sources of information
  • Make the very wealthy your customers by bringing them products and services
  • Develop and practice a code of honor from a core set of deeply held values (honor, honesty, etc…)

What I think you will get out of this book

Ultimately, I think that you will enjoy the history stuff. Really captivating how logical the history of it all fits together.

I also think it will give you a reason to think deeply about where you live, and the direction your nation-state is going.

Possibly rethink how you use the internet to your advantage and not your detriment.

But if for nothing else, I would hope that you would consider what having a peer-to-peer (P2P) form of money means for humankind.

What does Bank on Yourself and The Infinite Banking Concept have in common?

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I am imensely excite to write this blog post today. Truly, this is going to be a treat. You see, this all starts on a weekend when I wanted to indulge in one of my newly found hobbies: precious metal and coin collecting.

I had just finished talking with the member services rep that Saturday morning who assured me that I would be able to get into my safety deposit box and the bank. I took this as the all clear an made my way to the bank. Once I arrived there, I was met with locked doors and a long line at the drive up. As it turns out, after waiting for the line to pass and my turn in front of the tellers at the Drive-Up, that the bank is closed on Saturdays. I don’t normally get upset about people telling me bad news, but for some reason, being told that I couldn’t access my property for security purposes really got under my skin. Even as I walked away from the bank, I felt immensely upset that I wasn’t able to pull my coin collection out of the safety deposit box so that I could learn more about my collection.

Nearly twenty steps from the bank I found myself asking my phone how to live a life without a bank. What were some of the things that I would need to consider moving forward. Yes, I was that mad. I was actively seeking out a way to eliminate the need for a bank in my life. With that said, I found many interesting resources and also a growing phenomena of people who are going “unbanked”. But what’s more is that I found a concept buried in all the articles that has recently changed my perspective, and that is the concept of warehousing value.

Becoming Your Own Banker: Unlock the Infinite Banking Concept: R. Nelson Nash: 9780972631617 ...
Becoming Your Own Banker

Okay, so I am reading about going with out a bank in this article and that’s when I find the author referencing a Nelson Nash and his book discussing the infinite banking principle. As it turns out, I stopped reading the article and immediately went to library genesis to find a copy of the text. In a matter of hours I had read his entire book and left feeling that I had my entire world turned on its head. When this feeling happens, especially on a weekend, I go into over drive and seek to learn more.

So I go back to the article that I had read that had keyed me into Nelson Nash’s work and found another book by another author: Pamela Yellen.

Bank On Yourself: The Life-Changing Secret to Protecting Your Financial Future: Pamela Yellen ...
Bank on Yourself

I end up finishing this book the following day and I am feeling exceptional well versed in the ideas that they were trying to communicate to their audience: people like you and me that really should look to stop using the bank and other financing companies money and rely on our own capital reserves.

You might be asking your self, “That’s great, Alixander. You read some books about banking. What’s so special about that?” I’ll tell you.

The thing that both of these books have in common is the idea of warehousing value, or wealth, in a different kind of bank. One that is more secure than a bank, provides more interest than a bank, and can be borrowed from better than a bank. So what am I talking about?

Whole Life Insurance.

Yes. I know some people think that insurance is a huge scam. When you aren’t using it right, or not understanding what the benefits are of having a well designed policy that is fully put into use, of course it is going to seem like a scam. But I assure you, that once you understand that you have to store money somewhere, storing money in a whole life insurance policy is one of the most effective ways of earning interest on your savings.

That’s really what its all about, you are either paying interest or getting paid interest. And when you are keeping your money in a bank, you are earning nothing in return for what? Honestly, ask your self: what does having my savings in a bank account do for me?

If you answer safety, great. Did you know that in the event of a lawsuit that your accounts are subject to being seized? Life insurance cannot.

If you answered financing, wonderful. Did you know that when you draw on your bank account to pay for the financing of your new car that you are out that money? Life insurance retains the value in spite of your borrowing against it.

If you answered liquidity, perfect. Should your savings be liquid? Life insurance allows you to draw or borrow up to 90% of the policy’s cash value, meaning you are generating a greater amount of interest than the bank while also having access.

I could go on and on about making use of Whole Life Insurance policy for the purpose of warehousing money. But honestly, you should just read the books and learn for your self. Heck, if you are in too much of a hurry. Go to your insurance professional and ask them about a dividend producing, whole life policy with paid up addition rider. If they are worth their salt, they will show you the true magic. But I guess it won’t really make sense until you take the time to read about Banking on Yourself and Becoming Your Own Banker.