Discussion in 'Black Money Business Jobs' started by Shikamaru, Jan 28, 2012.
What is money?
What is money?
 Black's Law Dictionary, 6th Edition (1990)
Classes of negotiable instruments:
1) Promissory notes
2) Bills of exchange
You're right Shikamaru. Money is really just a concept. It's sad how some of our people are being held back because of a piece of paper.
However, if we live in the United States, that's how it is... we must conquer the system by making more money. More of our own businesses would be the perfect solution, whether it's writing a book or opening up a factory. We must think big if we are to move to the next level collectively.
In the definitions I provided, money is metal; typically gold, silver, or copper of specified weight and concentration. These metals are standardized into coins whose form and stamps serves as attestation of their weight and purity.
I have a different suggestion.
Making more money, ultimately, will not work.
Inflation can easily outstrip anyone acquiring more money.
While you may have more dollars, those dollars buy less real goods.
As inflation outstrips the purchasing power of the medium of exchange, actual physical goods become more valuable. This is where you exchange fiat paper for the means and tools of production.
In addition to studying the nature of money, why not look into acquisition and trading of precious metals?
I agree with going into business .
In addition to this, be sure your private business is always secure away from your public business.
Shikamaru, you are a bullionist/ mercantilist. It's already been established that mercantilism doesn't work. In a perfect world, money should be equaled to time or some function of time. The more advance an economy is the more virtual the money becomes up to a point where it is a perfect imitation of time. The price of a house would be equaled to its building time, assuming "perfect technology" makes energy, cost of labour and resource etc non-factors.
Bullionism is a regression to a primitive form of economy. If hoarding and the mercantilist mentality prevails, the current economic system will collapse and warfare will ensue because economic inefficiencies lead to scarcity of resources.
Gold hoarding should be viewed as an opportunity to make money in the short term (say up to ten years) not in the long term.
Bullionist (with regard to one's household), yes.
There is distinction between bullionism and mercantalism.
Mercantalism doesn't work for banking and capitalism which needs flow.
Mercantalism is still practiced today in various forms and ways by various countries.
This I will disagree with. Money should equal the value of the goods and services of an economy. Anything beyond this is inflation. Money should have substantive, intrinsic value. A nation should not debase/inflate its currency.
Nearly every fiat currency in the history of man has failed. Gold and silver is still here.
The cost of materials and labor are greater factors, in my opinion, aside from time.
So is subsistence farming, but both subsistence farming and bullionism can work for private households. Both should be more doable now than ever given technology.
This is true.
There is distinction between "soft" money in the form of banknotes, promissory notes and hard money in the form of gold, silver, and copper specie.
Real money is gold, silver, and copper coin. Specie.
Soft money (dollar bills, banknotes, notes, promissory notes) are merely a money derivative and substitute.
Separate names with a comma.