CHARLES DARWIN’S THEORY ON CABS Technology has the ability to make us all more productive – that is the whole idea of it. No matter how primitive the technological improvements are, we want to do more with less effort. The productive gains of a caveman with fire and the wheel far outweighs those without. And the real kicker is Productivity = Profitability This is one of the golden keys to understanding how our economy actually works The more productive you are, the more profitable you can be. The more profitable you are the more you or an asset is worth because in our economic world assets are priced on the future capitalisation of profit! But with all technological and productive advancements there are always loses. Those who fail to adapt will fall victim to brutal side of Darwinian Theory. History is scatter with the corpses of those who failed to 150

THE ULTIMATE PARKING TICKET! We have our next Melbourne Investment Club meeting tonight, Tuesday the 2nd of February (for details click here) and member Maria Hill will be speaking about how banks create money (or credit) out of thin air. This is especially topical given the announcement last Friday by the Bank of Japan (BOJ) saying that effective from February 16, it will charge “financial institutions a “Parking Fee” for placing their excess reserves with them. Imagine that – a Bank CHARGING you to place funds with them??.. This move by Tokyo’s central bank to impose a 0.1% fee on selected current account deposits is an effort to stimulate Japan’s economy that is forecast to grow at just 1.7% in 2016. You see, Japanese banks have about 250 trillion Yen in total parked with the central bank and the new system will divide the outstanding balance […] 150