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I have a dream for the next four years. It's one word: unity.
I’m writing this from the United States of America, where unity is literally part of our name. (It’s not called the Bickering States of America.)
Unity does not mean that everyone agrees on every issue. To the contrary, unity means thoughtful disagreement, finding the truth together – in service of a greater whole.
That whole may be called the “soul” of a nation. It is an ideal, a greater purpose. It’s the national DNA, the spirit of the country, deeply woven into our minds and hearts.
In the United States, we still have these ideals. They are the values that are passed down from generation to generation: hard work, equal opportunity, a spirit of innovation. We are the “Land of Opportunity,” the “Great Melting Pot,” the “Land of the Free and the Home of the Brave.”
To be sure, the United States is not perfect. We glorify war, starting with our own War of Independence. Much of our economy was built on the backs of slaves. We have often acted as the World Police. The United States is a human invention, and humans are works in progress.
But there can be no doubt that the founders intended us to be the United States of America. It’s right there in the name.
E pluribus unum: “out of the many, one.” It’s literally on our money. |
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The Great American Experiment
Last fall, a group of Stanford political scientists created a project called America in One Room. They pulled together 500 Americans from all across the political spectrum, and engaged them in true dialogue and debate with each other. They called it “Deliberative Democracy.”
The New York Times interviewed these Americans one year later, and the results seemed to stick. Because they had developed a habit of listening to each other, these Americans were less likely to mindlessly accept their party line. One of the project organizers explained how it changed people: “You think a little bit more about the issues. You ask questions. You deliberate, even if you only do it with yourself.”
This habit of “listening and thinking” is a good habit for us to learn. It is the fix for one of the worst habits of our time, which is a neurotic fixation on what divides us, instead of what unites us.
This bad habit is what makes us willing to fight like crazy on a handful of issues (abortion, gun control, immigration), while ignoring potentially bigger issues (education, artificial intelligence, and cloning). If ever there were room for debate, for fresh voices and new choices, it is in these next-generation issues — but we’re stuck in the same old habit loops.
The dividing of the world into “us” versus “them” is a bad habit. Today it is so common as to be a reflex. My political party is right, yours is wrong. My clever tweet will show you how dumb yours is. When a leader speaks, we immediately think, "What an idiot."
Why do we do this? Because it helps us feel superior.
Talking about the idiot who runs the [fill in the blank] just reinforces our own sense of superiority. That feels good. It’s like complaining about your spouse to your friends, or tearing down your co-workers behind their backs. It has literally the same effect on happiness and productivity.
The “America In One Room” experiment is an example of reframing this view. It is a new model. Instead of “us versus them,” it’s all “us.” Within that “us,” there is still room for disagreement and thoughtful debate.
It’s not about changing minds! Everyone can still hold the same view at the end of the day. We can agree to disagree. But we’re listening and thinking.
That makes us stronger and better, because we’re serving a higher purpose. E pluribus unum. |
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It’s On the Money
Why did the governments of yesteryear put that motto on U.S. money? Because they realized that unity brings prosperity.
War destroys value. Fighting drains energy. Bickering and arguing – as we all know from personal experience – is time-consuming and exhausting. Just like a dysfunctional family reunion, as the country has grown more divided, the country has also grown more tired.
Peace brings prosperity. When we are working in harmony, like a good family or a well-run team, we can accomplish much more than we can accomplish alone. Unity creates efficiency: we are faster, better, stronger. The whole becomes greater than the sum of its parts.
Unity gives energy. Partners in a happy marriage accomplish more than mates on the brink of divorce. Companies with high-performing teams are more successful than companies with politics and backbiting. Good partnerships are more productive than partners who are suing each other.
Unity is also more fun. If you’ve ever been part of a great team – in sports, business, or your personal life – you know that it’s a pleasure. The work becomes worthwhile. When we are contributing to something greater than ourselves, it gives our lives purpose and meaning.
Do you retain your individuality? Yes. Are you part of something bigger? Yes. We can hold both in our minds. Just as we can be “united states,” we can be “united individuals.” |
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It's literally on the seal of the United States Senate.
One Nation, One Money, One World
In our world of blockchain investing, I spend a lot of time talking about unity (One World, One Money). This is because I know that unity brings prosperity. The best way for us to create a global financial system is to agree that we’re creating a global financial system.
Then we will be unstoppable. |
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Over the next four years, the United States has the opportunity to lead this new global financial system. If we don’t, someone else will. This is inevitable. We already live in a global economy; we just need the global money to make it easier. It’s simple and obvious.
But the United States cannot take the lead in unifying the world until we unify ourselves.
We’ve got to get together for a common purpose, to serve our ideals despite our differences. That starts in our hearts. It starts at the individual level, avoiding the bad habit of carving the world into “me vs. you,” and learning the good habit of “listening and thinking.”
If bitcoin were a physical coin, E pluribus unum would be a good motto to put on its face. Because it’s not just a slogan for America. It’s a motto for the world.
We’re many and varied, but we’re one human race. Out of the many, one. E pluribus unum. |
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Health, wealth, and happiness, |
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John Hargrave Publisher Bitcoin Market Journal |
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Hi Everyone,
Nevada is not usually a swing state, but then again neither is Georgia.
Once again, I'm forced to admit that my initial assessment (that the election would be decided quickly) did not play out.
This game is going into extra innings, not necessarily because of the overwhelming amount of mail-in ballots, but because it's so close.
In most elections, the results that come in within the first few hours are enough to predict the outcome beyond a reasonable doubt. It is then customary for the loser to call the winner and congratulate them.
However, 2020 is a different story. ...
With more than 90% of the votes counted in five key states, the race is still too close to call. Nevada and Pennsylvania are going to take their time.
Both states, according to their state laws, have allowed citizens to vote by mail on Nov. 3, and will likely deliver final results early next week. Had the gap been wide, this could certainly have been avoided, but because it's so close, literally every vote counts.
Both Wisconsin and Georgia are so close that they'll probably require a recount, a process that can take weeks but may end up being necessary, simply because the country as a whole may not be able to decide without their final decision.
Even though most media outlets are showing Democrat Joe Biden as the clear front-runner, he has yet to secure a win with 270 electoral college votes.
As far as I see, both candidates still have a pathway to victory. What's more, the scenario that ends up in a total draw is not very likely, but still a distinct possibility. |
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(Note: Many outlets still have AZ marked as solid blue. This is due to the Associated Press making an early call based on implied data. They still have 10% of the vote left to count though, and at this point, it's a toss up.)
So, I guess what I'm trying to say here is that despite some predicting a red or blue wave, this is one of the closest U.S. elections of our lifetime, and it has had an extremely high turnout as well. This is democracy at work.
Yes, there may be allegations of fraud. The president has been sowing these seeds for many years, and is now reaping the benefit of doubt, leaving himself the option to dispute results in several key states, which may need to play out in the local courts. Again, this is democracy at work.
As for the markets, it seems like they're favoring Biden, along with the media and betting sites, and it does appear to be the most likely outcome at this point, but it certainty will not be quick.
Paradoxically, the VIX has actually fallen on the uncertainty, as traders shy away from speculating without further clarity.
Overall though, markets do seem rather numb to the election. The NFP jobs report that was just released seems to be having a larger impact on prices than the electoral college.
For everyone, no matter who you're routing for, it's important to have patience while the process plays out. Remember that the country is quite evenly divided, and that is a beautiful thing.
As the people of Media Shower would say, "get real, get a grip, keep the peace!!"
Have a pleasant weekend. |
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Mati Greenspan Analysis, Advisory, Money Management |
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