Meeting assets for JCA COACH INSTITUTION Jason Bramble’s Personal Meeting Room are ready!
Meeting summary
Quick recap
This was a Class 2 assessment review session between Joel and JCA, focusing on currency market investing education. JCA guided Joel through a detailed explanation of currency markets, covering how central banks, commercial banks, and governments interact through the purchase and sale of bonds. They discussed how interest rates affect currency pairs, with JCA explaining that when interest rates rise, the US dollar becomes more attractive for expansion while Japanese yen becomes a contraction. The conversation expanded into a broader discussion about the nature of money itself, with JCA explaining that modern money is essentially created “out of thin air” by central banks through digital records, contrasting with historical tangible forms of value like gold, commodities, and physical assets. Joel expressed understanding of the complex system and asked about practical applications, including when he might be able to start investing and potentially use the guided learning setup with the class while learning. JCA explained that the upcoming Class 3 would focus on risk management and market fear indicators (VIX), and Joel confirmed he was ready to continue with the training at his own pace.
Next steps
JCA
• Upload the recording of this Class 2 session for Joel to review.https://tasks.zoom.us?meetingId=F2ifx8VyQ3yBoeYUmhMkmw%3D%3D&stepId=26253292-9c1a-11f1-95c4-4afc3eb97a7f
• Schedule and conduct Class 3 with Joel, focusing on topics such as VIX and market fear.https://tasks.zoom.us?meetingId=F2ifx8VyQ3yBoeYUmhMkmw%3D%3D&stepId=26253a4b-9c1a-11f1-8f99-4afc3eb97a7f
Joel
• Review the uploaded Class 2 recording to reinforce understanding.https://tasks.zoom.us?meetingId=F2ifx8VyQ3yBoeYUmhMkmw%3D%3D&stepId=26253770-9c1a-11f1-895f-4afc3eb97a7f
• Complete any outstanding materials or requirements for Class 2 before proceeding.https://tasks.zoom.us?meetingId=F2ifx8VyQ3yBoeYUmhMkmw%3D%3D&stepId=262538fa-9c1a-11f1-bd80-4afc3eb97a7f
• Consider the guided learning setup while continuing to learn.https://tasks.zoom.us?meetingId=F2ifx8VyQ3yBoeYUmhMkmw%3D%3D&stepId=26253b84-9c1a-11f1-b18f-4afc3eb97a7f
Summary
Currency Investing Concepts Review Session
JCA and Joel conducted a review session focused on understanding currency investing concepts, particularly how central banks, commercial banks, and governments interact in bond markets. JCA explained the role of central banks in setting interest rates and how commercial banks facilitate the purchase and sale of bonds between governments and central banks, with the commercial banks generating growth from the price differences. Joel demonstrated improved understanding of currency concepts, particularly around monetary policy impacts on the economy and stock markets, and discussed how different countries use monetary policy versus resource-based approaches.
Evolution of Money Systems
Joel and JCA discussed the nature of money and its evolution from bartering to digital forms. JCA explained that money is anything that people accept as value, tracing its historical development from barter systems to precious metals, oil, fiat currency, and now digital forms including cryptocurrency. They also discussed how central banks can create money by simply entering numbers on a balance sheet, with commercial banks then accepting these digital entries as valuable currency.
Modern Money and Value Systems
JCA and Joel discussed the nature of modern money, with JCA explaining that money created by central banks “out of thin air” lacks tangible value and is not backed by real resources. They compared this to historical systems where money had physical form (like commodities or gold) and discussed how current debt levels could be sustained through money creation. Joel expressed a preference for tangible value over financial wealth, focusing on health and wellness instead.
Money System Collapse Discussion
JCA discussed the potential collapse of the current money system and the return to gold as a form of value, explaining how wealth will become more pronounced in distinguishing between the rich and wealthy. JCA emphasized the importance of tangible assets like land and commodities over fiat currency, highlighting examples from historical events where money lost value during economic crises. The conversation also touched on the differences between fiat currency and cryptocurrency, with JCA explaining that cryptocurrencies like Bitcoin have a limited supply that cannot be increased indefinitely by central banks.
Digital Money and Investment Training
JCA explained the concept of digital money and how it functions in the economy, comparing it to “invisible ice cream” and emphasizing that value is created through transactions rather than tangible assets. He discussed how money flows from central banks to commercial banks to individuals, with growth made at each step through purchasing low and offloading high. Joel expressed interest in learning more about stock market investing, particularly asking about the guided learning setup and investing in specific stocks like SpaceX while taking the classes. JCA confirmed that the training covers not just the currency market but also helps identify investment conditions across different markets, and they agreed to continue with Class 3 once Joel completes Class 2 at his own pace