I mentioned yesterday in my Leofinance post about a video I watched a few days ago with a "non mainstream scientist" dismantling the climate change narrative and all this carbon emissions bull crap that we've been fed with for a few years by the elites.

Well, here you have it. It's just one minute long, but it is enlightening and anyone who would watch it would no longer fall for any garbage propaganda the elites are throwing at us.

This post is not about climate change, the corrupt elites, or anything alike, it's more about good and bad money, consumerism, and investments... It's a post that aims at reminding me why spending less than you make and always investing spare cash is the way to go.

About thirty years ago Iugoslavia got into the war and was divided into six small countries, and the way I see it it was "an American intervention" but that's a topic for another post. What once was this strong and independent country called Iugoslavia led by a great leader(Tito) no longer exists.

The new map paints Serbia, Bosnia Herzegovina, Albania, Montenegru, Slovenia, and Croatia as the new countries that got born through fire and guns from the good old Yugoslavia.

During the war, back in the early '90s there was an embargo going on in Serbia and while the demand for oil products was high the supply was scarce, so what did the Romanians do? They smuggled diesel and gasoline over the Danube into the country(Serbia) at exorbitant prices.

Most of these activities were facilitated by Serbian border patrols who were bribed to close their eyes, and during these few years of war, some individuals living in my town got very very rich off these smuggling activities. I personally am friends with the sons of two of them and we hang out a couple of nights ago with some old dude who was "in the business" back then as well and shared with us some insights from these war times.

It is pointless to pour all of that crap in this post on how they were smuggling oil products to Serbia during the war, but it is worth mentioning that both the fathers of these two friends of mine who got very rich at that time, when richness was quite scarce in Romania, are now far from being rich anymore.

Both of them ended up moving to Germany a few years before retirement, working some regular jobs and none has profited to the max from the "bad money" they made during the war. Imagine that an average monthly wage in Romania back then was about $100 and they were making something like $1,000 a day...

That's a lot of money, but these people were not having an investors mindset. They were just consumers who were lucky enough to be in some good position to smuggle oil products to Serbia at inane prices per ton, during the war, and being an avid consumer meant that all that cash got drained pretty fast once the war was over.

To state my case better I will tell you that at that time, in the early 90s, something like 1,000 square meters of land on the Romanian Danube's shore, not far from my town was worth something like $300, and they were literally earning thousands of square meters of land a day, but they didn't buy a single acre of land at that price...

They spent it all on cars, parties, and whatever... Now you barely find a small plot of land in the area that you can buy and build anything on it, as the area is almost full of guesthouses and vacation resorts. That leads to a current price of around $100 per square meter for such land. Imagine having that cash at hand and the opportunity to buy so much land at such low prices back then and not doing it.

These guys remind me of that dude who paid 10,000 BTC for two pizzas. In both cases, the investor's mentality was simply lacking. The reason why 99% of the planet's inhabitants own less than 1% of what is to be owned on the planet is that 99% of them have developed a strong consumerism mentality and a very weak investors one.

That's the harsh truth. Look at what are people buying with credit for decades now. They don't amass assets, as they should, they instead take credit for cars, smartphones, clothes, or vacations and most of us are in debt for stuff we actually don't need, that's the harsh truth. If the majority would turn more towards investing than spending we wouldn't have that much poverty in the world right now.

We also wouldn't be in the position of having 1% of the world's population owning 99% of what it is to be owned.

They thought the war was endless, they never looked at putting that "dirty cash" at work and they pretty much ended up from where they left. Consumers will always be consumers... I guess some people are just happy about eating the fish, instead of learning how to fish and have more of it in a longer time frame.

That's about it for now, folks. Hope everyone has a great day and see you in the next post.

Thanks for your attention,
Adrian