Wakas Javed is a guest blogger, having his blogs published on various sites including Huff Post. He loves to watch documentary movies and travel across different countries to explore new places.
Posted 9/29/17 at 5:53 AM | Wakas Javed
There are ways to earn and build your wealth without collecting U.S. dollars or any other national currency, then stuffing them in your mattress. If this sounds ludicrous as an alternative, consider that many people did this, primarily because they didn’t trust banks to keep track of and preserve what little money they had.
A similar frame of mind is driving people to choose financial assets of a different sort, a “currency” that doesn’t have a physical status but does represent real wealth. Of course, “real wealth” in this instance means credit for having assets that can be used to purchase goods and services. As one fellow who weathered the Great Depression as a teenager has emphasized, “Any asset is only worth what you can get for it from another person.”
The Battle Over Currency
Call it what you want. Use any phrase that applies to discussions and disputes about money, including “currency wars.” If you want to build financial assets, if you’re going to focus on “earn Bitcoin” it’s essential to understand details about how currency and global finance works. If you took the time to look at the history of this battle, you’d see there was a serious problem in the 1920s that lasted through the mid-1930s. Most people know about the Great Depression in the U.S. but they don’t understand how this serious issue affected countries around the world. FULL POST