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Time-Money Value Inversion
Information, like conventional physical objects, can travel forward in time. When it is inscribed in a physical, enduring medium, information is transmitted to all future times with access to that medium. The temporal persistence of our bodies permits us to “travel” into the future.
Only information, however, can “travel” back in time. It can do so because it can be encoded in retrograde quantum effects.
Conventional physical objects cannot “travel” back in time because they do not exhibit the properties of quantum-scale objects. Future innovations will, however, permit physical objects to effectively travel forward in time in near-light-speed vehicles.
While future dollars are discounted in relation to present dollars, people able to travel forward in time have an incentive to do so. Investing money even at a moderate rate of return, given enough time to compound, produces profound wealth. The ability to travel forward in time to a point at which invested funds have compounded over hundreds or thousands of years transforms the competition for wealth into a race into the future. Such a race, though, eventually erases the premium paid for present dollars.
The race to the future eventually discounts present dollars. Information can still always be sent into the past, and its predictive value erases the need to pay a risk premium for present dollars. Because risk has been eliminated, owners of present dollars cannot command a premium for them.
The ability to travel forward in time devalues present dollars in relation to future dollars by increasing the demand for future dollars. Because of the promise of technological progress, the majority of individuals seek to travel as far forward in time as possible. Investors can no longer earn a risk premium on their present dollars, and thus, instead, discount present dollars in relation to future dollars because of the desirability of future dollars.
Because dollars are, themselves, essentially information, the eventual development of a broadly deployed Temporal Network permits the transfer of money from the future into the past, permitting previously capital-starved companies and individuals to transfer funds from future accounts into present accounts. The barrier to the accumulation of capital will be eliminated. The demand for present-day capital contains the deepening of the discounting of present dollars. The general trend of economic and technological growth, and of improvement in quality of life, however, ensures that future dollars will continue to be more highly valued than present dollars.
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