Finance

HOW YOU SHOULD PERCEIVE “MONEY”?

How should you think about money

The current form of money is called “fiat”. The money is represented by coins, paper, and
electronic digits. However, here’s the thing-it is a confidence trick, and can only exist when people
don’t question how the system actually works. That is because there is nothing actually behind the
currency. People in the UK may remember in the banking crisis of 2008/2009, people queuing
outside their banks wanting to withdraw their money. It was only because Governments around the
stepped in to publicly announce they would, in effect, support the banks, and in some cases
nationalise them.

So what is the lesson?

Don’t rely on the banks to safeguard YOUR money. In a bank-run,
withdrawals may be limited, and possibly transmitting funds to other countries prohibited.

Have some cash to hand, have some physical gold or silver to hand, and perhaps consider having
some crypto currencies to draw upon if needed.

Lastly, governments know that societies are only “3 meals away” from social disorder and
breakdown. In other words, if you cannot feed yourself and your loved ones because of an inability
to access money, people will resort to do whatever it takes to survive.