Age Of Abundance: The Expense Side: A Technological Explosion That Will Seriously Reduce Costs

There are radical changes taking place which are going to seriously affect the future of an individual's income statement.

For those without a basis in accounting, an income statement is nothing more than a document that lists out revenues (money incoming) and expenses (money outgoing). It seeks to rectify, especially for businesses where all the money went. Ultimately, it shows is an individual or company made/lost money.

Living under the bankster controlled system, individuals the last 20 years have basically seen their income statement shredded.

Over that time, wages are flat means the income part remained the same. At the same time, many saw expenses drift upward, particularly in the United States with regards to medical. We also see increases in housing, energy, and cars. Even the cable bill keeps going up on a regular basis.

I often write about the Age of Abundance. It is a period we are now entering. If we take a long term few of things, decades into the future, we are going to see physical assets created out of nothing. When we get to the point where we have free energy and replicators that can make most anything, physical assets will cost practically nothing. It is at that point where we reach a post monetary age.

That time could be half a century or more away, something that many of us will not experience without radical advancements in life extension (which they are working on).

What is taking place is that we are seeing technologies that will impact both sides of the income statement.

The first innovation is cryptocurrency. As we are starting to see, now that the Internet has come to money, it is starting to create abundance. No longer is "money" creation in the hands of the a few individuals who control the central banks. Basically, anyone can create a currency. The value of said item is determined by the number of people using it. We are moving past the point where government mandates decide what we use. Some countries are fighting this like China and North Korea (I won't even mention Venezuela which is a total mess). Nevertheless, even the U.S Congress is embracing it.

https://steemit.com/steem/@taskmaster4450/fud-be-damned-u-s-congress-endorses-cryptocurrency-and-blockchain

Many people are experiencing the power of this by being here on STEEM. Simply by posting content, one can earn STEEM. For the majority of people who were on other social media sites, it does not take long to make more money in a week or two on here than they did in years on Facebook (and no data hack on STEEM).

Another area is Manna. This is a cryptocurrency that is simply given to anyone who verifies. Unlike government handouts, this does not require taking from one person to give to another. This is appealing to those who do not like government theft, even when they dress it up as taxation.

The biggest benefit is for new money to reach people, debt is not required, In our fiat system, money is created and put in the banksters hands for them to loan out. All new money is debt and requires a note by some individual or company to get it into circulation. The banksters do not go around handing out new money to people with no strings attached.

Cryptocurrency does.

Yet what about the expense side of things?

There is one advancement which is going to send the price of things plummeting. 3D printing, also known as addictive manufacturing, is going to streamline the creation of physical products. Like blockchain, this reduces the number of middle men allowing for direct manufacturing. At some point, we will have things in the home which produce much of what we need.

One of the areas that is being focused upon is in the area of home building. There is a fairly large segment of the world that does not have adequate housing. Many feel that 3D printing offers the solution.

In Austin, Tx, a company just build a 3D house for about $10K. This took about a day to complete and is the size of a studio apartment.

While this might not sound like much, consider the fact that technology tends to get less expensive. A $10K house today will cost half of that 5 years down the road as the technology improves. Improvements will also, in my estimation, allow for the creation of much bigger homes.

Take a look and see for yourself.

http://money.cnn.com/video/technology/2018/03/19/3d-printed-house-new-story-icon-home-texas-housing-orig.cnnmoney/index.html

Here is another home that was built last year as a demonstration.

In the next couple years, we are going to see this as a common practice for building smaller structures. This will help bring down the cost as we start moving into the next decade.

Another area we see a chunk of the income statement going towards is transportation. Again, in the western counties, this can amount to $500+ dollars a month. While the promise of electric, autonomous vehicles will ultimately drive down the cost to near zero, that is at least a decade away for the masses.

In the nearer term, we see 3D printing emerging. There is a company that is going to be "printing" out cars for under $7,500 apiece. These are little more than smart cars designed for very short trips. Nevertheless, it does show the breakthrough of what is coming.

Production took 3 days to make the car since most of it is 3D printed. Again, this is not the answer for most people yet it is a starting point. Plus, unlike autonomous vehicles, these will be available starting in 2019.

https://www.cnbc.com/2018/03/17/lsev-is-a-7500-3-d-printed-electric-car-from-xev.html

These are a couple simple examples of the technological advancements that are starting to emerge. All these moves serve to reduce the cost of things. There are hundreds of examples just like this that I can cite which all lead to the same outcome; things being less expensive.

The Age of Abundance will see both sides of the income statement affected. As more of our daily lives come under the laws of Informational Technology, we are going to see a massive pricing declines. This coupled with the increase in the income due to cryptocurrency means that billions of people are going to experience greater stability.

And this is something we are seeing starting to unfold right before our eyes.

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