"The New Colossus"
Updated: Jun 22
We have a wealthy, asset-rich, generation of elderly boomers who quite literally lucked into more than 40 years of prosperity through the so-called great moderation of interest rates. They have eaten the world, and own all the assets. That cycle and monetary dogma are ending and we have a younger generation bereft of any assets, whose quality of life is notably worse than their parents. A disenfranchised generation. By way of example, we apologise that this is very much UK-centric but it is still reflective of the situation globally. Care of The Guardian: "New research from the Institute for Fiscal Studies shows how an explosion in house prices above income growth has increasingly robbed the younger generation of the ability to buy their own home. For 25- to 34-year-olds earning between £22,200 and £30,600 per year, home ownership fell to just 27% in 2016 from 65% two decades ago. Middle income young adults born in the late 1980s are now no more likely than those lower down the pay scale to own their own home. Those born in the 1970s were almost as likely as their peers on higher wages to have bought their own home during young adulthood.
Andrew Hood, a senior research economist at the IFS, said: “Home ownership among young adults has collapsed over the past 20 years, particularly for those on middle incomes.” The IFS said young adults from wealthy backgrounds are now significantly more likely than others to own their own home. Between 2014 and 2017 roughly 30% of 25- to 34-year-olds whose parents were in lower-skilled jobs such as delivery drivers or sales assistants owned their own home, versus 43% for the children of those in higher-skilled jobs such as lawyers and teachers. The study shows the growing disparities between rich and poor, as well as young and old, across the country. It also illustrates the drop in home ownership over the past decade. While those on middle incomes have seen the largest fall in ownership rates, those in the top income bracket have been least affected." Yet on those narrow disenfranchised shoulders fall the hopes of economic regeneration. No wonder they sought to create their own world online, to originate their own assets, etc And it is in that field that hopes for all is born. The Reaganism/Thatcherism model of issuing shares of state assets (on the cheap purposefully) to all was a good idea for enfranchising, it was a model used globally, and those educated about it, those that understood the worth of assets, increased their wealth immeasurably. A similar system of wealth distribution from a state or a wealthy asset holder to the masses, the people, would work to enfranchise the young. To release them from their penury and to light a beacon not just of hope but much more importantly of COMMERCE. Of economic regeneration. We at FIX00 are at the forefront of that idea and of that project. And while this may come across as self-important and bellicose, please bear with us. We seek to fulfill the promise encapsulated in the Emma Lazarus sonnet "The New Colossus" - hospitality, diversity, and importantly inclusion: “Keep, ancient lands, your storied pomp!” cries she With silent lips. “Give me your tired, your poor, Your huddled masses yearning to breathe free, The wretched refuse of your teeming shore. Send these, the homeless, tempest-tost to me, I lift my lamp beside the golden door!” How do we do that? Well community members are well versed, but for those new readers and the inquisitive we offer this link: https://www.fix00.com/post/the-world-according-to-fix00 For those that want a fresh offering rather than a rehash.... FIX00 has verifiable gemstones, our own assets, with an appraised value of $16bn, and we will be holding those assets in a secure depository, fully insured with a legal trust preventing any sales (with those costs borne by us in perpetuity). Our Utility Token demonstrates this. We will then reconstitute those assets in NFT format on a fractionalised and finite basis, which in turn makes them affordable for the people and not just the elites. As with the Reagan/Thatcher era state asset selloffs (tokenism of its time?), we ensure the NFTs are priced to offer value, therefore upside, and a vibrant aftermarket. Our digital rubies will be deeply discounted at fixed prices; we will look to issue these NFTs at no more than a 1/3 of appraised value. For the longer term, the project's purpose is to use crypto technology to improve/disrupt the existing trillion dollar a year luxury auction-based closed markets that cover not only gems but fine art, jewelry, and antiques. The idea is twofold, firstly, to bring a unique (effectively asset-backed) real-world collectible to the crypto-verse, obviously in digital form - this would be designed to benefit the average person not just the wealthy, and allow them to enjoy the ownership, upside, and protection of such assets for the first time in history Secondly, to offer an alternative to the archaic real-world luxury markets - making them inclusive rather than exclusive, public not private, and transparent rather than opaque. A free and deep market where real people get to participate and benefit; a place that offers true price discovery. FIX00 is answering the call - protection, innovation, and deliverability.
For a short overview of the FIX00 project 🙂 please use this link: The Start of something new
If you still have questions, we are happy to have you join us. We take great pride in our company and the revolutionary change it heralds. Please feel free to contact us if you need further information or have further questions:: Contact Us
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