Wise Money Matters - Some Observations


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Some observations on Money Matters in light of the present global financial problems. How to survive tips and the importance of keeping positive despite the doom.

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Wise Money Matters - Some Observations

  1. 1. WISE MONEY MATTERS Wise Money Matters – Some Observations on Money MattersOur intention at Wise Money Matters is to try to give visitors some down to earth usefultips about money matters generally, however, with the shocking state of globalfinances at present it is hard to guess what the next catastrophic event will be andhow it may or may not affect the money in your pocket or even in your bankaccount. According to some economists the system is on the verge of a completecollapse; they are of the opinion that with all the printing of money going on both intheUK and US our money will lose its value and become worthless pieces of paper inthe end.What an absolutely awful scenario! Just imagine everything you have worked forand saved or may be even your pension funds will in effect be useless. It really doesnot bear thinking about but having said that history does support this view, as youonly have to look at what happened inGermanyin the 30s, or even what happenedinArgentinaabout a decade or so ago. The potential for that to happen to us is notone any of us really wish to contemplate, however, closing our eyes and ears to thispossibility is not necessarily a good idea.I am also of the opinion that things must be at a pretty dangerous stage now as it wasjust recently that one newspaper actually ran an article on theUKgovernment’s plansfor repatriatingUKcitizens from the EU should things go belly up in Euroland. I wonder ifthe paper’s owners know something that the rest of us are unaware of.On reflection however and despite all the doom and gloom life goes on and we canonly do the best we can to protect ourselves and our families. A few people I knowhave been buying themselves a little gold to store away for emergencies, whilecontrarily, others have been selling off their unwanted gold jewellery in order tobenefit from the high price that gold is fetching these days or because they havebeen made redundant and just need the readies now.Sadly, it is the hardworking everyday people like us who always end up paying for thefoolhardiness and/or in certain instances criminal behavior of the elitist bankers who insome cases are in cahoots with our so called elected representatives. I know that 1
  2. 2. sounds a bit off the track but there is no doubt that when push came to shove thegovernment bailed out the bankers instead of the people, which makes me wonderwhat they got out of it. I am sure that if they had let the banks fail they could havereimbursed all the personal and even small business accounts of the banks’customers without putting the country/taxpayers into the huge debt we nowallegedly owe. Which brings me to another point regarding the bailouts.Maybe it is because I am not a financier and just an ordinary person but for the life ofme I cannot work out how we/taxpayers owe all this money. Was it notour money that bailed out the banks? Should it not be the banks that owe us? If myneighbor is falling behind on his mortgage payments and I decide to lend him themoney to pay off his arrears then logic would decree that my neighbor owes mewhatever the sum was I lent him to pay the debt.Amazingly however, it seems that although we taxpayers bailed out the banksinstead of them being indebted to us, we now owe them even more of our hardearned crusts. Some days I feel like I have gone “Through the Looking Glass” aseverything seems to be the opposite of what it ought to be.Having said all that I do believe that life no matter how complicated and difficult itmay become is here to be lived and enjoyed so worrying about things I cannotchange is a useless exercise, far better to keep a positive outlook and take whateveraction I can to protect my own finances in the face of who knows what may happennext. I would strongly recommend anyone reading this to do the same; whether youpurchase a small amount of gold or silver or even plant your own vegetable plot tobecome a tad more self reliant, it will see you in a more secure position if the sky doeseventually fall in and if nothing happens you will not have lost anything.Consequently, within the pages of the wise money matters blog various savings tipsare included some of which I use myself so my hope is that readers may also findthem of benefit.Finally, for those visitors out there who believe that “We are all in this together”, Iseriously suggest you think again; bear in mind that when you lose yourmoney/possessions they have not just disappeared into thin air; someone else hasbenefited from your loss which is why in times such as these the rich get richer and therest of us get poorer.For more information on how you can quickly build up savings just follow this link. Ifyou would like to know more about asset protection and privacy click on this link. 2
  3. 3. Wise Money Matters – Why We Should Get Rid of Private BanksIn my opinion the pathetic state of the global finances is one of many good reasonswhy we should get rid of private banks. I am no economist but it seems to me thatthese private institutions are the sole reason we are all in such a mess financially.Western governments try to make it appear that the debt has accumulated as aresult of our irresponsible and spendthrift ways. However, I have thought long andhard about this and have concluded that this is a load of flack they throw at us inorder to make us believe that we have some cast iron obligation to bail out theprofligate bankers.If you stop, as I have done and really think about it no sovereign country needs theseinstitutions. There is a system already set up within governments, (eg the TreasuryDepartment), where elected representatives can oversee and administratethe monetary needs of that country. So why do we need institutions that are privatelyowned and whose shareholders benefit by not only our national debt but also ourpersonal debts, through the exorbitant interest rates they charge.I can see no reason to use these institutions and this is why I say we should get rid ofprivate banks. If you consider that when our government needs funds for whateverprojects they are administering on behalf of the people, there is absolutely no reasonwhy a government cannot manufacture the funds for and on behalf of the citizensthey are supposed to serve and for which service they have been democraticallyelected, allegedly.If some wise and experienced economist or any individual of that ilk would like toexplain to me why we need private banks, I really would be most interested toreceive this information, as no matter how I look at the issue, I can find no logic in thepresent method. It does the citizens of any sovereign nation absolutely no favourswhen a government has to borrow money from a private institution and as far as Ican make out there is no logical need for this to happen.Consider for one moment that when your government requests funds from one of themany so called Central Banks, these private individuals actually do no more than 3
  4. 4. punch some numbers into their computers and hey presto the money magicallyappears. It has not cost the private banker even a drop of sweat to press a couple ofbuttons in order to provide the required funds. However, as soon as the funds areissued, they officially become a loan thereby instantly indebting the citizens of thatnation. This makes absolutely no sense to me whatsoever and if you sit and thinkabout it, I am sure you will arrive at the same conclusion yourself.To bring the subject down to basics, what does the private banker have that thepeople’s representative government does not have? They both have computers andthinking further, the people’s representative in actuality represents the wealthproduced as a result of the labour of the people of that nation, thereby endowing thepeople’s representative with a lot more actual physical wealth behind him than theprivate banker has.Once again I would invite any academically superior individual to enlighten me as tothe reasons that necessitate a sovereign nation making use of private banks. Whosebenefit does this serve? How does it improve the people’s position by having moneyborrowed for them instead of their government being the only body with theauthority and licence to produce funds on the strength of their collective labour?As I have previously stated I am no economist, just someone’s grandma on the wrongside of 50, but common sense tells me that the private banking system used inevery western nation does nothing but disadvantage the people of those nations. It ismy opinion that the sooner the people of these countries start to insist that theirelected governments go back to issuing the national currencies the more wealthyand successful every one will become, except of course, the private bankers but maybe it will do them some good having to get real jobs where they may even actuallyhave to break a sweat.Don’t get me wrong, I have no views politically, inasmuch as I am not a fan of anyparticular ism such as liberalism, Marxism, communism, progressive-ism or evencapitalism. I suppose if I wanted to have a label I might be describedas libertarian as I don’t believe in forcing my views on others and have no time forthose who try to make me think their way either. My motto has always been live andlet live. If we all could show a little more tolerance and consideration of others thenthe world would be a happier place but I suppose that outlook is a bit ofa utopianism.Finally, to summarize it is my belief that there are many good reasons for why weshould get rid of private banks and have our governments be the administrators of 4
  5. 5. money that is issued on the strength of our labour and which does not have debt attached to it. Such a system would definitely work toward the overall good and benefit of the people from whose daily laboring such a currency would derive its value. Simples! Visit http://wise-money-matters.com for more of my thoughts on this topic. 5Powered by TCPDF (www.tcpdf.org)