© Copyright 2008. Economic Family Of Black Investors. All Rights Reserved.
EFOBI Institute
Of Monetary Science and Achievement
Of Monetary Science and Achievement
Today, the dramatic economic expansion and record breaking productivity both here and abroad are a direct result of intellectual capital (IP): We define IP as Intangible Assets.
In fact, we would argue that all capital (money) is ultimately intellectual in origin and breath.
After all, human minds constructed the roads that we drive on and the factories where we work; And human minds find ways for us to farm without running out of land, to communicate without running out of copper wire, to travel without running out of energy, etc.
If we can only imagine the solution to a problem, then we can design a solution that can solve it. And given how free markets are supposed to work: by eliciting, testing, and harnessing the best ideas that anyone can come up with, we can do what governments cannot.
You see, the historical record is replete with one constant that shines with amazing clarity: Free markets have proven extraordinarily effective, not only in rationing resources that were scarce, but over time, in abating that scarcity via technology.
This is technology that can be broadly defined as: The knowledge and know how to change what we have into what we want. And technology continues to advance in ways we can barely imagine. All that is required is a legal system (including property rights and reliable contracts) in which markets and entrepreneurs can flourish.
This, of course, requires the ultimate resource: An educated and spirited people with useful knowledge and imagination.
Still, the most important determinant of any society's standard of living is the productivity of the people who make the goods and services. This productivity depends upon education—upon the amount of capital with which people are willing to share, and upon the efficiency with which that capital is used.
That said, productivity also depends upon the organizational practices and methodologies employed at any given time. And methodology is heavily influenced by the state of technology. And technology originates in our minds.
Thus, our minds matter economically as much as, if not more than our hands and our mouths.
In fact, we would argue that all capital (money) is ultimately intellectual in origin and breath.
After all, human minds constructed the roads that we drive on and the factories where we work; And human minds find ways for us to farm without running out of land, to communicate without running out of copper wire, to travel without running out of energy, etc.
If we can only imagine the solution to a problem, then we can design a solution that can solve it. And given how free markets are supposed to work: by eliciting, testing, and harnessing the best ideas that anyone can come up with, we can do what governments cannot.
You see, the historical record is replete with one constant that shines with amazing clarity: Free markets have proven extraordinarily effective, not only in rationing resources that were scarce, but over time, in abating that scarcity via technology.
This is technology that can be broadly defined as: The knowledge and know how to change what we have into what we want. And technology continues to advance in ways we can barely imagine. All that is required is a legal system (including property rights and reliable contracts) in which markets and entrepreneurs can flourish.
This, of course, requires the ultimate resource: An educated and spirited people with useful knowledge and imagination.
Still, the most important determinant of any society's standard of living is the productivity of the people who make the goods and services. This productivity depends upon education—upon the amount of capital with which people are willing to share, and upon the efficiency with which that capital is used.
That said, productivity also depends upon the organizational practices and methodologies employed at any given time. And methodology is heavily influenced by the state of technology. And technology originates in our minds.
Thus, our minds matter economically as much as, if not more than our hands and our mouths.
Our Mission
Hence our mission here is to...
| 1. | Close the financial knowledge gap between you and all financial market forces (Banks & Creditors). |
| 2. | Engineer and organize the flow of technology, innovation, and capital investment into your enclave. |
| 3. | Build-a-Bank of intellectual capital and useful knowledge from which you can deposit and withdraw. |
| 4. | Add a money-pumping portfolio into your home for both you and yours now, and for generations to come. |
The main fuel to speed our progress is our stock of knowledge, and the brake is our lack of imagination. —Mr. Simon
© 2008. EIMSA. All Rights Reserved.