You should... Understand the difference b
Post# of 65629
Posted On: 02/04/2016 1:48:36 PM
You should...
Understand the difference between wealth and spending...
Wealth is assets...
Spending is just the circulation of money and each time it circulates the wealthy take their profit off and invest in assets...getting wealthier...
So each time the mom& pops out there use a credit card to make ends meet or stops spending. That lowers that 3% of GNP.
There is only so much currency out there and when it drys up you either print more and cause hyperinflation to keep things floating or you are bankrupt and everything deflates in value (Depression)...
Wealthy keep there wealth because they have assets. Now they might go down in value. However they are assets when currency has no value...
So assets are the key here when the bubble pops. Not currency.
Currency just allows you to do business...
Understand the difference between wealth and spending...
Wealth is assets...
Spending is just the circulation of money and each time it circulates the wealthy take their profit off and invest in assets...getting wealthier...
So each time the mom& pops out there use a credit card to make ends meet or stops spending. That lowers that 3% of GNP.
There is only so much currency out there and when it drys up you either print more and cause hyperinflation to keep things floating or you are bankrupt and everything deflates in value (Depression)...
Wealthy keep there wealth because they have assets. Now they might go down in value. However they are assets when currency has no value...
So assets are the key here when the bubble pops. Not currency.
Currency just allows you to do business...
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I'm a Crazy Scots-Irishman Blue Blood... It's probably not a good idea to listen to me...everything I say is of my opinion. I'm not a good place to get investment advise...