10 Lessons I Learned from Nolan Bushnell

Last week I was having lunch in Palo Alto with my former colleague, Richard Hua, and he reminded me of something I shared with him last year. It was a list of 10 lessons I learned from a dinner…

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Lets get Funny with Money

The Hilarious Game of “Guess Where I Am” as bank runs in

The stuff that makes the world go round and leaves us scratching our heads in confusion. It’s a funny thing, isn’t it?

Let’s dive into the wild world of wealth and see just how absurd it can get.

They say wealth doesn’t come from books, and if it did, I’d be a billionaire by now! If that were the case, I’d be laughing my way to the bank with stacks of cash. Speaking of banks, have you ever noticed that the only cash you can find there is in the form of bonds? It’s like they’re hiding the real stuff and saying, “Nah, we’re good. We’ve got paper with fancy words instead.”

But fear not, my friends! If you’re in dire need of some hard cash, just head over to the ATM machine. Yes, I said “ATM machine” because apparently, redundancy is the name of the game. All banks only deal in bonds, therefore the only place to get cash is at an ATM. Is it really so difficult to get some hard cash over the bank counter ?

Money is not sufficient to withdraw over the counter anymore but rather in automated teller machines. And let me tell you, if you want hard money, you better be as hard as nails. Those ATM machines won’t just hand it over to anyone who asks nicely…you might need to Bank It ! for Money .

Now, let’s talk about fiat money. It’s a fascinating concept, really. It’s backed by nothing but faith and the reputation that the government won’t go crazy with the printing press. I mean, imagine a scenario where money becomes as valuable as a banana or even a tissue paper. It’s like a bad magic trick, where the illusion of value disappears before your eyes. “ they meant to go for Dedollarization”

But fear not, again!

The present monetary system in America has a secret weapon:

The US dollar’s ability to be traded worldwide,so it still might be able to jump over the fence of dedollarization

It’s like a superhero, moving from one form of wealth to another with ease. Today it’s imaginary dollars, tomorrow it’s the mythical value of the euro or the petrodollar, and who knows, maybe even the majestic power of stock shares or real estate. Heck, they might even throw in…

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