👺Growth At All Cost

Dear Neuro-Savvy Billionaire,

Can you believes its been over a week since the last issue? I've been contemplating the meaning of money along with the moral and existential implications of being a billionaire. On one hand, having vast riches and being able to live like a god sounds appealing, but on the other hand, it feels like perpetuating indentured servitude, which goes against my values as a Haitian American male. Capitalism, unfortunately, seems to operate on this principle, and being at the top of the hierarchy is preferable to being at the bottom.

Staying On Top

The Federal Reserve has the power to control interest rates, which is crucial for managing the nation's monetary policy. Their ability to raise or lower the prime rate can drive up demand or beat inflation, affecting everything from yields on 10-year T-notes to housing demand and economic growth. However, in the digital age, their powers have diminished, and traditional levers for controlling monetary policy may no longer be as effective for those with knowledge and insights into the internet, AI tools, and cell phones.

Historically, the Fed has used interest rate hikes to control inflation. But now, direct-to-consumer internet marketing allows businesses to reach billions of customers, making interest rate hikes less effective in controlling inflation. It’s literally like bringing a knife to a gun fight. The internet runs on advertising, and so long as you have an internet connection and something interesting to offer, you can build a following and a semi-captive audience to auction to the highest bidder. Besides, by now everyone has heard of 0% APR credit cards.

More Customers Than Ever

With over four billion people having internet access and means of payment, one can instantly connect to billions of people in a blink of an eye for a fraction of the cost previously paid by traditional media giants. However, this can also lead to financial instability and economic crises as those who are not aware of these dynamics play by the old rules. As of today, the Fed's interest rate is set to 4.5%, but in the digital economy, where marketers can grow their client’s customer base by 300-700% yearly, I wonder how high the Fed is willing to raise its interest rates to reach “economic stability”.

For The Love of The Game

Personally, I think the concept of money is absurd. As Yuval Noah Harari puts states; “It's an agreed-upon fiction” and we only see its absurdity when we project the concept of banking onto monkeys developing a democracy which collects taxes on the organization, planting, harvesting, and trade of bananas. Money is our banana. But its also become our way of achieving a sense of sovereignty, even immortality by others. Becoming a billionaire means having enough wealth to no longer require the support or aid of others. However, this raises questions about one's place in the economy and the goal of amassing wealth. Do billionaires experience a lovelier death? Do you friends love you or partying on your yatch?

Conclusion

The Federal Reserve's decision to raise interest rates is crucial to manage inflation and ensure economic stability. However, in today's digital age, interest rate hikes are no longer as effective as they once were, and policymakers should consider new strategies and tools to manage the economy. As for being a billionaire in 2023, it means having instant, continuous, direct access to 2-4 billion people via the internet. Remember, there is no spoon.

Thank you for taking the time to read this. In the coming weeks, I'll start including dedicated ads for products and services that I either use or highly endorse. It's commercial, but it enables us to continue delivering this content by selling advertising space to select vendors. However, I would much rather you support this newsletter directly by becoming a paid subscriber through premium membership. My goal is to create value for you directly and improve your life.

With Gratitude,

Hendy Saint-Jacques & ChatGPT-3

Creator & Chief Joy Spreader

👺 

THE BITES

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“If you live to be a hundred, I want to live to be a hundred minus one day so I never have to live without you.”

-Lord Byron

Hey everyone, Thanks for continuing to journey with me. For whatever reason, this issue was excruciatingly difficult to compose on an emotional level... it felt like I was going through an existential crisis regarding the point of achieving billionaire status. Am I  doing it to perpetuate my ego, "make the world a better place", or become a benevolent overlord... I was going through it.