Adam smith the father of economy in his book - "wealth of nation" stated that "A thing is worth how much a buyer willing to pay."
Judging from such premise: Money is only worth it, only if others is willing to accept a paper produced by the authority or government as money or more accurately currency.
The diffrence between currency and money is that money have storage value while currency storage value is depleted by inflation or in other word known as the increase in the money supply.
So, those who keep currency is at a high risk that their currency will be worthless.
So, let us learn about currency cycle.
When recession strike there will be no demand for wants as everyone will be fulfilling their basic needs.
So, cash or in other words currency is king.
But, if you print too much local currency, the local currency is useless compare to foreign currency.
When there is too much foreign currency in circulation, they will also collapsed in relative to metals such as gold and silver because gold and silver have storage value.
When, the new world order strike or economy back to stable, people would exchange their gold and silver for their new wants such as bigger house, bigger car or even cryptocurrency generating the boom in the economy intoxicated with debt when they don't have real asset or fundamentals to support it.
Moral of the story: A thing is worth, how much a buyer willing to pay.
Be Bless As Always,
Dr. Lion.
Judging from such premise: Money is only worth it, only if others is willing to accept a paper produced by the authority or government as money or more accurately currency.
The diffrence between currency and money is that money have storage value while currency storage value is depleted by inflation or in other word known as the increase in the money supply.
So, those who keep currency is at a high risk that their currency will be worthless.
So, let us learn about currency cycle.
When recession strike there will be no demand for wants as everyone will be fulfilling their basic needs.
So, cash or in other words currency is king.
But, if you print too much local currency, the local currency is useless compare to foreign currency.
When there is too much foreign currency in circulation, they will also collapsed in relative to metals such as gold and silver because gold and silver have storage value.
When, the new world order strike or economy back to stable, people would exchange their gold and silver for their new wants such as bigger house, bigger car or even cryptocurrency generating the boom in the economy intoxicated with debt when they don't have real asset or fundamentals to support it.
Moral of the story: A thing is worth, how much a buyer willing to pay.
Be Bless As Always,
Dr. Lion.
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