wealth | wealthymatters

Using Inflation To Create Wealth

April 7, 2011 6 Comments

Those who learn from history, have the ability to PROFIT from it.So here is some history:

Inflations start out slowly.Governments will not openly admit to debasing the currency. They will cite other reasons for why inflation is going up. In Weimar Germany,for example, government officials and those within the finance community blamed their trade partners and foreigners for the Reichsmark depreciating. German writers and politicians at the time had said that “paper inflation was not the cause or consequence of the external depreciation of the Reichsmark. The depreciation of the Mark was held completely independent of the condition of paper circulation between 1921 and 1923″ – even though money in circulation went up 23 times within 2 years ! Prices of imported goods back then – denominated in US dollars – went up 344 times. The official view from within the government of the Weimar Republic – the chancellor, the head of finance, the head of the Reichsbank – was to blame it on the excessive burdens thrust on the German people with war reparations, the violent policy adopted by France (when France invaded and took over an entire industrial section of Germany), and they also blamed it on increases on the price of imported goods.Conversely, the view held by those outside of Germany was that the depreciation of the Reichsmark was due to the government’s huge budget deficits, which required Germany to continuously print paper money. I guess people around the world will recognize the current day parallels to this scene from history.Quite a few governments are doing something like this today. Read more of this post

Filed under Theory Tagged with budgetary deficits, buy businesses, buy properties, cash, credit report, debasing currency, energy, food, foreign currencies, France, Germany, Inflation, liquid assets, loans, manufactured goods, money circulation, multiply wealth, postaday2011, print money, profit, RandomBlog2011, Reichsmark, savers, wealth, Weimar Republic

Lessons From The Weimar Republic

April 6, 2011 5 Comments

Inflation causes a lot of change which can impoverish the majority but at the same time provide incredible opportunity for creating wealth for those who are educated and informed.So why not read the story below and benefit a little?

July 24, 1914 – The depreciation of Germany’s currency, the Reichsmark, began when the Reichsbank (Germany’s central bank) suspended gold convertibility on the Reichsmark, meaning you could no longer trade in your Reichsmarks for actual gold. From that point forward there was no limitation to the amount of money the Reichsbank could then create (money backed by nothing, basically just printed out of thin air and placed into the system thereby reducing the value of the existing currency, ie, inflation). Read more of this post

Filed under Theory, Tidbits Tagged with deflation, depreciation of currency, gold convertibility, Inflation, money supply, postaday2011, RandomBlog2011, Reichmark, Rentemnark, unemployment, wealth, Weimar Republic

Shri Yantra

March 8, 2011 Leave a comment

Shri means wealth.It is also a word used to show respect.Yantra means instrument.

The Shri Yantra is formed by nine interlocking triangles that surround and radiate out from a central point. Together the nine triangles are interlaced in such a way as to form 43 smaller triangles.

The Shri Yantra is considered to be very powerful and is believed to be the yantra of Goddess Mahalakshmi.Mahalakshmi is the Indian Goddess of wealth,prosperity and good fortune.She is believed to manifest herself in the place where this yantra is kept and worshipped.As a result all wishes come true and one’s life is changed for the better.This Yantra is believed to be helpful in getting rid of debt.

Many temples in India, including the Tirupati Temple,the richest one in India, are constructed on the basis of this sacred geometry.

Many people keep and worship a Shri Yantra at home and/or their place of business. Read more of this post

Filed under Tidbits, Tool Kit Tagged with get rid of debt, Goddess Lakshmi, Goddess Mahalakshmi, Goddess of Good Fortune, Goddess of Wealth, good fortune, Hinduism, Indian, Mahalakshmi Mantra, Mantra, postaday2011, prosperity, RandomBlog2011, Shri Yantra, Tirupati Temple, wealth, Worship, Yantra

Gandhiji on Wealth

February 27, 2011 2 Comments

“It is my conviction that it is possible to acquire riches without consciously doing wrong. For example I may light on a gold mine in my one acre of land. But I accept the proposition that it is better not to desire wealth than to acquire it, and become its trustee. I gave up my own long ago, which should be proof enough of what I would like others to do. But what am I to advise those who are already wealthy or who would not shed the desire for wealth? I can only say to them that they should use their wealth for service.

It is true that generally the rich spend more on themselves than they need. But this can be avoided. Jamnalalji spent far less on himself than men of his own economic status and even than many middle-class men. I have come across innumerable rich persons who are stingy on themselves. For some it is a part of their nature to spend next to nothing on themselves, and they do not think that they acquire merit in so doing.

The same applies to the sons of the wealthy. Personally, I do not believe in inherited riches. The well-to-do should educate and bring up their children so that they may learn how to be independent. The tragedy is that they do not do so. Their children do get some education, they even recite verses in praise of poverty, but they have no compunction about helping themselves to parental wealth. That being so, I exercise my common sense and advise what is practicable.

Gandhiji on Trusteeship

February 26, 2011 9 Comments

Following are some of Gandhiji’s favourite quotes from the Gita:

Na twaham kamep rajyam na swarnam na puparbhavam
Kamaye dukh taptanam praninamarti nashwam

Neither I desire a Kingdom nor do I crave for heaven or salvation, I simply desire the end of miseries of all creatures who are afflicted with grief.

Javata Priyate Dehuh Tavatsatva Hidehinam
Adhikam yo bhibhanayat sa stano Dand marhati

As much as is necessary for one’s own living only that much is one entitled to have. One who has excess of this is a thief and deserves punishment.

Ishtan bhogan hi wo deva dasyante yagna bhavitah
Tairdattan pradaryabhyo yo bhangyakte sten aiv sah

Fostered by sacrifice (hard work) you will get all enjoyments. He who enjoys it without sacrifice and giving in return is undoubtedly a thief.

These words from the Gita shaped Gandhiji’s thoughts on his concept of trusteeship of wealth.Following is an explanation of the concept in his own words:

‘Suppose I have earned a fair amount of wealth either by way of legacy or by means of trade and industry. I must know that all that belongs to me is the right to an honorable livelihood no better than what is enjoyed by million of others, the rest of my wealth belongs to the community and is to be used for the welfare of the community.’ Read more of this post