Wednesday, September 9, 2009

Wealth vs. Money - Infinite vs. Finite [A Starting Hypothesis]

Ok, just wrapping up the last of my 7 books I've been reading the last month on economics and history tied to it. Last one is Schiff's Crashproof.

Wanted to got down a thought, an expression, that occurred to me while reading it.
"Wealth is not finite; we will always find more rare & valuable resources to base currency [money] on that allows a scaling divisional factor. "Money", when not tied to wealth, is finite though it acts infinite by devaluation of central banking and governmental agencies. If poverty is a condition where wealth is absent to the extent that basic needs can't be reasonable fulfilled [shelter, food, safety] that also allows one to continue to acquire more wealth [occupation, transportation, education or skills for an occupation] then poverty can only be achieved by a government and monetary policy that is based upon wealth and it's currency isn't allowed to be detached from it. Governments that do not, will eventually cause the highest levels of poverty and concentration of wealth to the least number of individuals."
I'll work on that over the next coming weeks and see how it shape-ups or fails miserably upon further consideration.

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