Roundabout
Be more concerned with your character than your reputation, because your character is what you really are, while your reputation is merely what others think you are. - John Wooden
The roundabout is in practice a counterintuitive path—of acquiring later stage advantage through an earlier stage disadvantage—nearly impossible to follow. -
'Cause we all have wings, But some of us don't know why. - INXS
CONTENT UNDER CONSTRUCTION
A Short History of Fiat Currency Failures: 9 Currencies That Have Imploded
“The market economy is the social system of the division of labor under private ownership of the means of productions. There is in the operation of the market no compulsion and coercion. The market economy is real because it can calculate.
The fundamental notion of economic calculation is the notion of capital and its correlative, income. The immediate end of acquisitive action is to increase, or at least to preserve, the capital, the whole complex of goods evaluated in money terms.
In the past civilization and private property have been linked together. There is no experience to the effect that socialism could provide a standard of living as high as that provided by capitalism. The concept of capitalism is as an economic concept immutable. It means market economy.
Neither the entrepreneurs nor the farmers nor the capitalists determine what has to be produced. The consumers do that. They determine precisely what should be produced, in what quality, and in what quantities. Capitalists, entrepreneurs, and landowners can only preserve and increase their wealth by filling best the orders of the consumers.” - Ludwig von Mises
Paper money known as a fiat currency retains an infallible is a history of collapse by design.
Authorities have sought to utilise the flexibility it gives their finances, but have often mismanaged it and brought catastrophe.
While fiat money is the norm today (now mainly digital and not actually physical paper), paper money has been less common in the past. Throughout much of human history, society has used some form of hard money. That is money that is hard to create and thus limited in its supply, such as precious metals like gold or silver.
The Chinese were the first to adopt paper money around 800 AD with the Tang dynasty and their “flying money.”
Paper money then appeared in Europe in 1661 and in America in 1690.
Initially paper money was redeemable for gold and silver and while the paper existed primarily for convenience, the real money was the metal.
However, things changed in the 20th century with the onset of World War One, as the major powers abandoned the gold standard in order to pay for the war through the printing press.
Governments learned that people would accept paper money with no convertibility into gold.
When the dollar declines on foreign currency markets anything the US imports, or anything that is priced on world markets, such as oil, copper, nickel, gold, etc., increases in dollar-terms. Not only is it intuitive that commodity prices increase when the dollar declines, it is possible to show statistically that the decline in the dollar has played the leading role in the increase of almost all commodities.
If inflation is increasing as a result of higher energy and commodity prices then the underlying reason for the increase in inflation has really been due to weakness in the dollar.
Let’s be clear about what inflation really is. Nowadays inflation is defined as a general increase in prices, and it’s typically measured by the increase in prices of a basket of consumer goods; hence the Consumer Price Index. But if you still have an old dictionary handy, you’ll see that inflation used to be defined as an increase in the supply of money. Prices rise as a result of an increase in the money supply, but by changing the official definition of the word, economists have confused the issue and managed to confuse the majority of people, including themselves.
At its root, inflation is an increase in the supply of money. As the amount of dollars increase the value of every existing dollar decreases so that an increase in the supply of dollars causes a general increase in prices of goods.
California Sur / Manantiales Brewing may become a subsidiary of a larger real estate business in South America. This card represents our idea on future projects. The founder commenced acquiring properties in Uruguay from proceeds earned thru secondary market investments in resource equities.
How does one achieve clarification on an international business plan?
Most young people who seek independence often see a ‘business’ in finance or screen watching of data to sell to greater masses.
Rarely to ever hear ‘entrepreneur’ [serving market opportunities].
40+ year bull market in securitization. Wonderful life managing AUM.
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The America’s have provided commodities & collateral to European Financial Conglomerates as well as Asian dynasties for centuries. Traveling throughout much of the North American West down to the tip of South America reveals much of the premiere architecture & culture revolved around mining centers.
Secular & Cyclical cycles in ‘modern’ economies has been greatly magnified thru financial leverage due to fractional reserve banking.
The Chinese were the first to invent paper money. This took different forms across different imperial dynasties.
The first widespread paper money was the jiaozi that circulated in modern day Sichuan during the Song Dynasty.
This paper was initially a receipt for the deposit of iron money which was exchanged amongst the population as money. The governor allowed 16 families to manage this currency privately, although the government later decided to take over the currency management themselves. The Jin, Yuan & Ming Dynasties all issued promises to pay paper notes thru planned default [collapse / failure]. Chinese citizens had long since figured out not to trust government paper and preferred to use silver instead.
Should one have received card stipulating this blog > just an idea site at this time.
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