I’m the blog about currencies and foreign exchange specialist currencies and I talk every day about it. Add to your understanding with Forefront Books. My clients will leave their fortunes not 100% in the euro area. The reasons must not be carried out. So that no misunderstandings arise. I’m not a euro fatalist. Maybe there will still be the euro in 100 years, maybe also inflation remains 100 years at 2% (100,000 then still only 13.803,30 purchasing power would be made) because I don’t know and you don’t know it also recommend I, his home-bias”to overcome at least partially. Look outside the box. To use I’ve decided also, the issue of currencies”regularly about this blog.
There is much to say, much of what has changed and is still changing. Whoever wants to can participate, free of charge, and at the end come to thinking about his assets, which are not a regular part of a Bank consultation. And wear like on this page you up, if you want to be or comment, if you want to contribute something. Where to start? Before it comes to the practice, I want to get out a little further. Namely to the base and the question of what money is actually: the income? the assets? What is on the bench or that I carry around with me in the wallet? Money”is none other than the term for the medium of Exchange, we therefore use the simplicity so we not a cow to buy a car or several cars for the purchase of a house ready to keep. In addition to the uncertainty of whether the car seller have our cow at all like in Exchange for the ride. So, you buy goods with cash. It does not matter whether we talk about cash or point of view money at the Bank.
The Chinese have a nice distinction for their money: there are two names, Renminbi Yuan. While the former referred to the currency itself, the Yuan is just the term for a unit of currency. Sloppy say you own renminbi, but pay with Yuan (abbreviated to CYN). The income”is, however, what you earn through hard work or co-opt through skillful investments as interest, dividends, rents or pensions. Assets”in turn is something other than the saving”: The (net) assets is the size of a stock (gross assets minus liabilities), the savings economically speaking – a current size (“the portion of income that remains after deduction of taxes and spending and capital formation”) contributes. What the whole thing? You can see why the meticulous distinction is necessary, on the fact that you can have so little money, but still a large fortune. I know from my consulting life by people with high incomes, but only a small to no assets. “And if you focused on currencies” deal, then it will be at this point in the future very important to protect your assets, because our money is nothing as a printed paper (or numbers in a virtual world). You Christian vultures