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.

1. WISE MONEY MATTERS
Wise Money Matters – Some Observations on Money
Matters
Our intention at Wise Money Matters is to try to give visitors some down to earth useful
tips about money matters generally, however, with the shocking state of global
finances at present it is hard to guess what the next catastrophic event will be and
how it may or may not affect the money in your pocket or even in your bank
account. According to some economists the system is on the verge of a complete
collapse; they are of the opinion that with all the printing of money going on both in
theUK and US our money will lose its value and become worthless pieces of paper in
the end.
What an absolutely awful scenario! Just imagine everything you have worked for
and saved or may be even your pension funds will in effect be useless. It really does
not bear thinking about but having said that history does support this view, as you
only have to look at what happened inGermanyin the 30s, or even what happened
inArgentinaabout a decade or so ago. The potential for that to happen to us is not
one any of us really wish to contemplate, however, closing our eyes and ears to this
possibility is not necessarily a good idea.
I am also of the opinion that things must be at a pretty dangerous stage now as it was
just recently that one newspaper actually ran an article on theUKgovernment’s plans
for repatriatingUKcitizens from the EU should things go belly up in Euroland. I wonder if
the 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 can
only do the best we can to protect ourselves and our families. A few people I know
have been buying themselves a little gold to store away for emergencies, while
contrarily, others have been selling off their unwanted gold jewellery in order to
benefit from the high price that gold is fetching these days or because they have
been made redundant and just need the readies now.
Sadly, it is the hardworking everyday people like us who always end up paying for the
foolhardiness and/or in certain instances criminal behavior of the elitist bankers who in
some cases are in cahoots with our so called elected representatives. I know that
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2. sounds a bit off the track but there is no doubt that when push came to shove the
government bailed out the bankers instead of the people, which makes me wonder
what they got out of it. I am sure that if they had let the banks fail they could have
reimbursed all the personal and even small business accounts of the banks’
customers without putting the country/taxpayers into the huge debt we now
allegedly 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 of
me I cannot work out how we/taxpayers owe all this money. Was it not
our money that bailed out the banks? Should it not be the banks that owe us? If my
neighbor is falling behind on his mortgage payments and I decide to lend him the
money to pay off his arrears then logic would decree that my neighbor owes me
whatever the sum was I lent him to pay the debt.
Amazingly however, it seems that although we taxpayers bailed out the banks
instead of them being indebted to us, we now owe them even more of our hard
earned crusts. Some days I feel like I have gone “Through the Looking Glass” as
everything 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 it
may become is here to be lived and enjoyed so worrying about things I cannot
change is a useless exercise, far better to keep a positive outlook and take whatever
action I can to protect my own finances in the face of who knows what may happen
next. I would strongly recommend anyone reading this to do the same; whether you
purchase a small amount of gold or silver or even plant your own vegetable plot to
become a tad more self reliant, it will see you in a more secure position if the sky does
eventually fall in and if nothing happens you will not have lost anything.
Consequently, within the pages of the wise money matters blog various savings tips
are included some of which I use myself so my hope is that readers may also find
them of benefit.
Finally, for those visitors out there who believe that “We are all in this together”, I
seriously suggest you think again; bear in mind that when you lose your
money/possessions they have not just disappeared into thin air; someone else has
benefited from your loss which is why in times such as these the rich get richer and the
rest of us get poorer.
For more information on how you can quickly build up savings just follow this link. If
you would like to know more about asset protection and privacy click on this link.
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3. Wise Money Matters – Why We Should Get Rid of Private
Banks
In my opinion the pathetic state of the global finances is one of many good reasons
why we should get rid of private banks. I am no economist but it seems to me that
these 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 a
result of our irresponsible and spendthrift ways. However, I have thought long and
hard about this and have concluded that this is a load of flack they throw at us in
order to make us believe that we have some cast iron obligation to bail out the
profligate bankers.
If you stop, as I have done and really think about it no sovereign country needs these
institutions. There is a system already set up within governments, (eg the Treasury
Department), where elected representatives can oversee and administrate
the monetary needs of that country. So why do we need institutions that are privately
owned and whose shareholders benefit by not only our national debt but also our
personal 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 of
private banks. If you consider that when our government needs funds for whatever
projects they are administering on behalf of the people, there is absolutely no reason
why a government cannot manufacture the funds for and on behalf of the citizens
they are supposed to serve and for which service they have been democratically
elected, allegedly.
If some wise and experienced economist or any individual of that ilk would like to
explain to me why we need private banks, I really would be most interested to
receive this information, as no matter how I look at the issue, I can find no logic in the
present method. It does the citizens of any sovereign nation absolutely no favours
when a government has to borrow money from a private institution and as far as I
can make out there is no logical need for this to happen.
Consider for one moment that when your government requests funds from one of the
many so called Central Banks, these private individuals actually do no more than
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4. punch some numbers into their computers and hey presto the money magically
appears. It has not cost the private banker even a drop of sweat to press a couple of
buttons in order to provide the required funds. However, as soon as the funds are
issued, they officially become a loan thereby instantly indebting the citizens of that
nation. This makes absolutely no sense to me whatsoever and if you sit and think
about 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 the
people’s representative government does not have? They both have computers and
thinking further, the people’s representative in actuality represents the wealth
produced as a result of the labour of the people of that nation, thereby endowing the
people’s representative with a lot more actual physical wealth behind him than the
private banker has.
Once again I would invite any academically superior individual to enlighten me as to
the reasons that necessitate a sovereign nation making use of private banks. Whose
benefit does this serve? How does it improve the people’s position by having money
borrowed for them instead of their government being the only body with the
authority 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 wrong
side of 50, but common sense tells me that the private banking system used in
every western nation does nothing but disadvantage the people of those nations. It is
my opinion that the sooner the people of these countries start to insist that their
elected governments go back to issuing the national currencies the more wealthy
and successful every one will become, except of course, the private bankers but may
be it will do them some good having to get real jobs where they may even actually
have to break a sweat.
Don’t get me wrong, I have no views politically, inasmuch as I am not a fan of any
particular ism such as liberalism, Marxism, communism, progressive-ism or even
capitalism. I suppose if I wanted to have a label I might be described
as libertarian as I don’t believe in forcing my views on others and have no time for
those who try to make me think their way either. My motto has always been live and
let live. If we all could show a little more tolerance and consideration of others then
the world would be a happier place but I suppose that outlook is a bit of
a utopianism.
Finally, to summarize it is my belief that there are many good reasons for why we
should get rid of private banks and have our governments be the administrators of
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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.
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