All teachers, lecturers, and professors of economics around the globe have been teaching to students about money and they have told that money is just mediator of economic activities. Money is played the role of mediator on a transaction; money is not a final goal of economic activities. all students have been learned and accepted this reality. Not only students but also those teachers, lecturers and professors, who have been teaching around the globe, they simply don’t understand the hidden secrete behind the money. They have taught to students that money is not a final goal, but in reality, everybody has been pursuing money around the world even those professors, who have been teaching to students as pursuing money as a final goal. Then how they can say money is not a final goal. It is stupid study has been teaching around the globe. everybody is doing work by pursuing money and thinking money is the final goal in the economy market, but studying is different. Why does it happen? Nobody has known yet the secret behind money, that’s why reality and study are difference around the globe. They have taught students by reading an already written book, which was written 2000 years ago, current professors were also taught by their professors by reading the same book and coming so on. Nobody wants to seek reality behind accepted reality. That’s why study and reality are being different across the world.
At the beginning of human economic activities, they had been doing transaction by exchanging goods each other after a few years they had been using special stones, shell, copper, silver, and gold. Again, after growing more transaction, they felt difficult to use those things then they created bank and issue coins and notes by depositing those gold and silver at a bank. Same those ancient activities have been running currently as well. Scientists have created so many useful products and services for human and making life very easy but economists have been puzzling around money, they simply cannot replace those useless gold and silver, which were just used as a mediator of transaction in ancient age that’s why I am strongly claiming that nobody has understood economics and about money. By holding and assuming value from central bank to the gold and silver by simply that reason so many people have been compelled to be busy and trade on those useless products around the world. Not only stupid people whole countries have been struggling and fighting on trade to gather more gold and silver. Then how I can say that anybody understands the hidden secret of money. Nobody understands yet, they just have pretended that they have understood just to safe their profession.
Gold and silver are the assume and fake value of real products like rice, maize, clothes, home car etc, those are the real products. Coins and notes are again fake vales of gold and silver of central bank. Then the whole of our money is just fake and assume the value of gold and silver, those gold and silver are assumed to a value of real products. Then why people have been doing non-sense activities around the glove to increase fake and assume value like money, gold and silver those are just fake and assume value. Nobody has yet eaten money, gold and silver directly then why people are busy to do nonsense activities in related money exchange, gold and silver trade around the world if some people have been working unproductive field then rest of the people have been compelling to work more hours to produce useful goods. To make more clear that I have given one example here if one country, there has been living 10 people and 6 people have been working 12 hours per day to produce foods and clothes which are needed for 10 people. But 4 people have been working to make some ornaments of gold and silver. If a whole 10 people have worked to produce real value then they should have worked very few hours per day to produce the same products. So, people must pursue to increase real value like foods, clothes, home and car, must not be pursuing representative value. If people able to understand this real fact then by working 3 hours per day everybody can get all possible necessary products and services around the world. These simple ideas, nobody can understand yet in the world. I have also described how we can devaluate our gold and silver around the world, please if you are interested to know about this idea how we can devaluate gold and silver, then you can read my article on the topic of how we can make a better world.
One simple slogan that “People must Pursue Real Products Like Foods, Clothes and Home etc. must not Pursue an Assume and Fake Value Like Money Gold, and Silver can change the whole world within 10 years. Those simple and real statement has not been said any economists yet. Why? Because they have been puzzling in economics after reading so many principles, data graph, chart and etc.
Lack of real knowledge of economics, most of the countries have been holding so many golds and dollar and thinking that they are doing great. People are suffering to get real products like foods, clothes medicine, home etc. But finance minister and chief of the central bank of my country are claiming that they are doing a good job because they are able to increase foreign currency and gold. What a shameful claiming that people are compelled to die by poverty but they are proud by increasing fake value. Then how I can say that anybody understands that the reality of money behind the accepted reality. I would like to request to them, please don’t hold so much foreign currency and gold, they are not real value. We must use those foreign currencies to produce real products, which are really needed otherwise getting totally lost. So, in crisis period those holding money of central bank, must give to the government, and government must use in infrastructures then so many jobs would be created, and so many necessary infrastructures would be made. By using this money whole economy activities would be increased and heading to normal situation. By using this simple mechanism the USA and whole Europe easily overcome any economic crisis then why other countries don’t apply this mechanism because they don’t know the reality of money.
I know that gold, silver and foreign currency must be held by the central bank for back up of circulating money otherwise own money would be devaluated but why they have been holding more than 3 times of circulating money. It is all about the fare of unnecessary inflation. All economists of developing countries, who are serving to the government are afraid of inflation so that they cannot invest more money to run economy activities that’s why we are people being poor and country always remain same. If we invest our money to produce real products then those products come to the market then that money going to buy same products, which we have produced then how it has happened inflation. Again, more clarify that after moving money in proper place something value would be created then same money will go to buy created value, so that not necessary to afraid of inflation if we invest money to produce useful products.
Money is a token of liability of the central bank. Any money holders can go to the central bank to get gold, silver and foreign currency by returning their money. And the central bank must pay to them. It is the belief system and reality of money that’s why everybody has been accepting money on transactions even money is a fake value.
Most of the countries should have been holding gold, silver and foreign currency at the central bank for back up of circulating money because their own money hardly accepted others countries if other countries don’t accept their own money then it is a necessity to be holding gold, silver and foreign currency. But in the USA dollar is being worldwide accepted money after the Bretton Woods Agreement, in this agreement, the dollar was pegged with gold and other countries money is pegged with the dollar. Most of the countries around the world should be holding dollar but the USA doesn’t have necessary to be holding back up of all issuing dollars like other countries. I have already described that all gold, silver and money are just assumed and fake value, they have been created for the transaction of real products and services. Most of the countries have been enjoying and thinking doing great by holding those fake value even they don’t dare to invest those fake value to produce real value because of fear of inflation. But the USA simply has been printing dollars and sending around the world, whole countries have been fighting and competing with each other to get those fake value dollars and sending to USA real products. Whole USA getting necessary products {real value} just by throwing dollars {assumed value}. If whole dollar holders' countries go to the USA to buy real products of the USA then the whole USA would be empty in a day but it is never happened in real. China has been sending real products to the USA and getting dollar but those dollars never reach the USA for getting real products. Those dollars have been moving one country to another that’s why the USA never compel to pay real products to others. Others countries are enjoying by holding fake value but the USA is enjoying by getting real products from around the world by throwing fake vale. That’s reason USA always being a superpower.
If dollar value decrease then those countries lose purchasing capacity who are holding more dollars, the USA does not get any loss by devaluating dollars, the USA simply can print more dollars if decrease dollar value. If China has produced and made whatever Chinese people need inside the countries rather than sending real products around the globe for getting fake value then the whole Chinese people can have 5 times more facilities inside the country. This simple money mechanism doesn’t understand except the USA and Europe. If I have all necessary materials for making sweater then I must knit to make a sweater, by understanding this simple formula China is doing great now, but if China is also able to understand the reality of money behind accepted reality then China can easily overtake the USA within 10 years for development.
Most of the economics books have been written by European and American economists and those books are copying by other countries economists without understanding the real meaning of economics that's why the USA and Europe have developed more than any other countries around the world.
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