subject: The Death Of Money As We Know It [print this page] The Death Of Money As We Know It The Death Of Money As We Know It
The cause of the death of money will take too long to explain but the how it will happen and what it means to our pockets is simple.
How will it happen? How will Money Die?
It will happen either in the form of Hyperinflation and or Deflation either way the effect will be the same. Deflation broken down as it affects people can be seen as a decrease in the cost of goods (not a problem yet) which can decrease salaries (now a problem).
Hyperinflation broken down to the effect it has on people is, a vicious rise in cost of the things you would normally buy with no increase in salary to match the rising cost.
The true value of money is its spending power. When the spending power of money is severely and negatively affected, money is mortally wounded. If we can no longer buy what we used to buy with the same amount of money, our money has lost its spending power hence its life.
In the case of deflation where both salaries and the cost of items are reduced making things look balance, salaries reduced by 20% and all costs reduced by 20% but in actuality all loan commitments remain the same.
Example, a monthly income of 3000.00 with normal expenses of 1500.00 and a mortgage of 1000.00 resulting in 500.00 remaining after expenses, this is all before deflation. After a 20% deflation in both expenses and salary but not loan commitments the 3000.00 income becomes 2400.00 (3000 - 600 [3000* 20%]). Expenses of 1500.00 become 1200.00 (1500 - 300 [20% of 1500]) not a problem so far. But the real killer of your money is the loan obligation of 1000.00 that remains the same. 2400.00(income) - 1200.00 (normal living expenses) = 1200.00 50% of total earnings same as before but 1200.00 - 1000.00 (unaffected loan commitment) = 200.00. This example is typical of people who actually have money left back at the end of the month and put it on the bank. Remember all money is affected whether it is in or out of the bank.
Who will it Affect?
The Death of money as we know it will affect every person who spends it. From those who have a lot of money to those who have little money. Once the spending power of money is reduced so is the quality of life for most that use it. The foreclosures of 2008 and 2009 will dwarf in comparison to the upcoming ones if this inevitable global financial game continues.
How do we Protect Ourselves? How to Protect Yourself?
The answer lies in taking control of your personal finances. When money as we know it dies i.e. heavily reduced spending power (some even predict a new currency) but either way affording tomorrow what is afforded today whilst doing the same things done today, will be impossible. But those who take control of their personal economy will thrive and afford more than they are capable of affording today.
There is information everywhere on what to do but if you want precise actionable information on how to take total control of your personal economy. Here is a great place to st
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