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The Turf War To Issue Currency


wealthymatters

To be able to issue currency or determine what passes for money and on what terms, is the ability to impose your will on others and settle deals in your favour.So small wonder that governments, bankers, billionaires and would-be-billionaires see the benefit in fighting to issue money. Go back to history and you see kings have issued currency, bankers/ moneychangers/ money movers and central bankers have issued currencies and then again desperate societies have often come up with tokens for use amongst themselves…………The same old game is playing out again.

Following speech is a sample of a banker trying to ally with state power to squish private money issuers. Read the arguments,file them away for future reference. If you hear these arguments repeated in the media, know them for the propaganda they are. Are they all rubbish arguments? NO. But neither are they the whole story. And passively swallowing them doesn’t serve your best interests. Read more of this post

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The World’s Money In Perspecive


wealthymatters

Nilesh Shah On Gold @KotakSecurities #KotakMidCapMeet15


wealthymattersPaper Investors have a fundamental difference in thinking from those who prefer tangible assets.
His argument is that as India is the only buyer of gold, the day we all wish to sell, we will find no buyers offering a good price. Banks are prohibited by law to buy-back gold and jewelers have stocked up gold on credit.
My understanding is that, gold sold at the time of large scale distress, such as war or its aftermath, might not get us a good price in any given currency, but gold is “money” that is directly exchangeable for goods and services.
Buying gold is a statement on non confidence in the currency of any given country. And the establishment that devalues it.

 

And in anycase, Mr Nilesh Shah is wrong on fact. Indians are not the only buyers of gold.

A Fact Of Life


wealthymattersWhen a person with experience meets a person with money, pretty soon, the person with the experience will have the money and the person with the money will have the experience.-Estee Lauder

Earning Lakshmi Not Just Money


wealthymatters Lakshmi is wealth accumulated through honest and fair means. Money can be stolen as well. Lakshmi brings peace and happiness to the person who earns it. Stolen money only brings emptiness to the soul. If you notice Lakshmi’s idol, she has gold coins around her, signifying wealth. However, she is also seated on a lotus flower, and holds lotuses in her hands. The lotus is a sign of purity and peace, signifying spiritual well-being; of purity and beauty even in the muddy waters of the world. Without this peace, wealth has no meaning. – Chetan Bhagat

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