lets talk about money

[zebra16]

Share:

Facebook X Bluesky LinkedIn WhatsApp Email Share Link

Is there a way to find out how many counterfeit 500 rupee notes
and 1000 rupee notes are in circulation? :dizzy:

Yes!! Is there a way to find out how many gold ornaments are merely plated gold, how many Sila vigrahas are just imitations, how many stones are found in a kg. of rice brought from a grocer or a ration shop, how many asses are masquerading as horses??

The difficulty of barter (especially when it resulted in fractions) was well explained by the age-old mathematical puzzle of a father bequeathing 17 horses and leaving behind a will asking his three sons to share the same in the ratio of 1/2, 1/3 and 1/9.

I do not know where HRHK wants to go with this thread.

 

[sarang]

20% of the 500 rupee notes handled by private banks are not genuine as per yesterday's report.

ICICI stopped issuing 1000 rupee notes through ATMs.

The printing machines, dies and special paper from the Nasik mint are used for fake notes.

Is there a way to find out how many counterfeit 500 rupee notes
and 1000 rupee notes are in circulation? :dizzy:

 

[Anand Manohar]

Dear HRHK

Copying my post # 3206 - of Think it Over

Dear Renu

Ha, so you realize what the world is moving towards - " Commerce is the Religion and
Currency is God " .

All Mankind bows to this new Religion - Cheating, Bribing, Gambling, Robbing, Match Fixing, Politics, Pontificating,
Scams, Narcotics, Human Trafficing, etc are only some of the New Maargams for 'God Realization'. And this God too
can manifest in any form - as Dollars / Pounds / Euros / Yen / Rupees / Vaults of treasures / whatever.

Switzerland / Isle of Man [ historically referred to as 'Tax Havens', in the past Yugas ] are the new HEAVENS.

The more devoted one is [ read wealthy], the more often one gets the good fortune to visit these Heavens
and have darshan of God. Others do "E Pooja" [ read transactions on the internet].

'OM' NI PRESENT.
'OM' NI POTENT.
'OM' NISCIENT .

It can never be Created nor Destroyed. It's presence can be perceived by an 'initiated' person
- and can be found from the deepest jungles of Africa to the barren icy plains of the polar region.

So, finding a 'cheat' in Puttaparthi/Tirupathi/Chennai/KL should not have surprised you.

Whole world follows this religion - irrespective of caste/community/country/language/faith.Archaic and obsolete theories such as Truth, Straightforwardness, Sincerity, Trust etc find
no mention in the " New Scriptures " .

"There's Always a Price Tag" - take it or leave it, it's your call.Yay Yem

 

[Anand Manohar]

Dear HRHK

Let's look at some money, instead of just talking about it:
















That's a lot of money - on the TB Forum on an auspicious Friday !

Yay Yem

 

[Anand Manohar]

Dear Tmt VR

Your post # 25 - I'm sure, one man can answer your question - Asif Ali Zardari.

You can call him, and a person by name Rehman Mallik will bluff on his behalf.

Just let me know if you make any headway. Our own PC with his 'dossiers of evidence' has
made no impression on either of them - past 4 years!

Guruvethunai
Yay Yem

 

[HARE RAMA HARE KRISHNA]

atleast us dollars make economic sense, as the world needs there money to buy oil. the whites are smart enough to create a system to benefit them.

 

[HARE RAMA HARE KRISHNA]

you need to buy dollar before you buy oil. if not the oil seller is a terror threat to global community

 

[sarang]

Selective barter is possible and is not uncommon.

1. House exchange - a small flat in the centre of town to a spacious flat/ house in the suburbs.
2. Land/ house in native town or village to a house in city.
3. Exchange of cars
4. on line barter.
How Barter / Barter Trade works
Online Barter Club, Barter Trade, Barter Club, Barter Exchange, Barter Web Site, Barter Services, Barter Group, Barter Trading, Online Barter, India Shopping

If there is a good match, both in value and in need, then bartering is a pleasant and painless experience. The transaction does not leave a bad taste as the feeling of getting cheated is not felt.

 

[HARE RAMA HARE KRISHNA]

i want to create an awareness on the issues involving money and in the process also want to learn any other better ways in distribution of wealth system .
i saw the post in "god exist" in which a guy asked why so much poverty around and stuff like
that. in his compassion he can't bear to see the suffering .so he blames the god.

but one should know god not only created the world and left it just. he also guide us thru scriptures on how to run. just like a manufacturer give us a guide book on how to operate his machine. if we didn't operate within the limits of what's guided then the problem lies in us and not with the machine or manufacturer.

will continue....

 

[prasad1]

There’s a reason why a barter system is a symptom of severe, sudden poverty and dramatic economic collapse preceded by runaway inflation. It’s because a barter system is inefficient and only advantageous over a monetary system when the money cannot hold its value predictably.


1) The paper (plastic or coins) money is far more stable a predictor of value, since any barter system would be new and hence difficult to predict. Nobody knows if the barter points will be honored at all, let alone honored at full value, or for how long.


2) The money is a far better accounting tool, since it’s easier to put money into the balance sheet than nebulous barter points. Businesses will be able to tell more easily with money.


3) The money is far more portable, since a business can use money anywhere in the country, and nearly anywhere in the world.


4) The money allows for far more competition; a barter system would limit one’s options to those geographically proximate and to those in the barter system, while money could be used to buy supplies from anybody anywhere. This means that artifically or absurdly high prices would go unchecked or under-checked, since barterers would be partially insulated from competition.


The only real advantage, besides conservative, community-based feel-goodism, is that it’s an effective way to avoid paying sales taxes.


When Russia’s ruble had that horrible plunge in 1998 people in many areas were forced to resort to the barter system, just as Germans did when the Weimar Marks became more useful as paperweights (bundled together) than money. The barter system is a sign of backwards, poverty, privation and near-total economic failure

 

[Iyyarooraan]

Milked milk cannot go back to the udder. It is not possible to unscramble the egg from the omlete. We cannot go back to Barter trade in the old form at least. The only way to even distribution of wealth is to deprive ownership of properties, deprive possession of needs for more than a day, consumers should be protected to consume their needs (without 20% free/extra). Fashion world, luxury life, sumptuous meals, 5 to 1-star hotels, swimming pools should all be destroyed. All people should try hard to live like hermits. God might have wanted to create a perfect world but he might have soon realised that we can challenge him tooth and nail and hence left it at that giving us a long rope to hang ourselves. In our quest to make life easier and happier we have complicated our life going astray from the god's path. I doubt man can now crave for a better life than this. It begins and ends the same way. The twists in the middle is only hurting all.

 

[Visalakshi Ramani]

Nothing can beat this barter!

A clever barter!

James Cook, the famous British explorer, saw the extent to which the Aborigines would go to procure a small piece of iron.He was a shrewd trader! Once he got a whole pig in exchange for a rusty old nail!

Another time he got a load of fish in exchange for a few blunt iron knives. The fish lasted for the entire crew for many days.

The profession of an iron smith had always been respected, since great importance has been attached to iron from time immemorial.

Selective barter is possible and is not uncommon.

1. House exchange - a small flat in the centre of town to a spacious flat/ house in the suburbs.
2. Land/ house in native town or village to a house in city.
3. Exchange of cars
4. on line barter.
How Barter / Barter Trade works
Online Barter Club, Barter Trade, Barter Club, Barter Exchange, Barter Web Site, Barter Services, Barter Group, Barter Trading, Online Barter, India Shopping

If there is a good match, both in value and in need, then bartering is a pleasant and painless experience. The transaction does not leave a bad taste as the feeling of getting cheated is not felt.

 

[prasad1]

When we come up with a very simple idea (that one thinks is great) usually means that person is a genius or a simpleton. The usual method of verifying that the idea is brilliant is to run it by some smart people first, before proposing it as a solution to a complicated problem. If the cure makes you feel worse than your original problem, it is not a cure.

A simple headache may go away on its own, or you may have to take some medication, but cutting off the head is not a valid solution.

There are barter sites on internet which can work as supplement to the money situation, but is not a replacement for MONEY.

 

[Anand Manohar]

Might not out of context here - I think the year was 1962 - the lyrics of this song
still fresh in my mind :

Please watch:

www.youtube.com/watch?v=TO3Pf-x7KHg

Yay Yem

 

[HARE RAMA HARE KRISHNA]

"mudal konal muttrum konal" is the saying but here mudal is baseless. mudalLuke mosam ... no no mudale mosamnnu sollellam

 

[HARE RAMA HARE KRISHNA]

dear manohar !
ethannai kandan panathinai padaithan?

 

[HARE RAMA HARE KRISHNA]

this line also is apt " ethannai kalam than emarruvar nam nattile .."

 

[guruvayurappan]

mmmm.... even before the advent of money teachers ,writers travellers existed. aren't they?

the grouse of farmer groups are the price they sell to GOVT is not even meeting the cost price.

b4 the advent of money also wholesaler ,retailers ,middlemen, transportation costs existed.

dear hrhk !!
i think all these because of greedy saleman .hoarding,panic purchasing and many not following the DHARMA.It is middle man (broker )who enjoys at the cost of the farmer and the consumer.50p tomato or keerai sold to us for Rs20 &10 .
guruvayurappan

 

[HARE RAMA HARE KRISHNA]

dear g

lets think how money system evolved.

one party produce rice , other do cloth , yet another do pots .... etc etc so they exchange there goods with one another, there are also others who contributed to society in a intangible ways like teachers ,soldiers, artisans , people in governance etc...
society supported all in multi transaction way.

till this time goverment function is wealth distribution only and facilitation to wealth creation only and not wealth creation as there job is to govern only.

(but now with money system they create wealth by printing money, but they cannot create any real wealth as they didn't produce anything of value they only create an illusion that what they print has a value. but it can't be sustained forever so they have to print more and more.

that's the reason my grandfather can run his family with 30 rupee, my father 3000 and me
now with 30000.00)

lets continue on money evolution....


my hunch on how money came is when people pawn there valuables for gold/ silver/ nicKel a receipt was given. later when they couldn't redeem they sold there receipt that's how paper become a medium of transaction.
the people in governance adapted this idea as they find this way convenient, they don't have to carry large amount of gold/silver.At first they honored the bond paper and paid in value
..slowly paper bond gains acceptance. the govt staffs were paid in bonds...

as people began to trust the bond then every one began to use it as common medium of transaction

will continue ....

 

[prasad1]

If real economy is based on goods produced, it will be limited. To expand the economy you need deficit financing. Credit is the engine of growth. Bank can leverage money in 1:8 ratio. So the economy can multiply at 8 times the real economy. Credit is also the real motivator, and hope of betterment.

If India did not get bank loan for Dams and green revolution, we could not have achieved our progress. Money might be misused but is the necessary evil.

 

[HARE RAMA HARE KRISHNA]

so far govt didn't create Wealth only governed it.

the difference in pawn system and govt bond system is you can pawn any valuables like cattle pigs , swords etc.. for gold/ silver . and in the paper bond aka promissory note you are assured you get the value worth of metal equivalent to value of note you had.

please note metal value is a constant here (for eg) if say , govt fix 1 gm of gold is 100 value note then the value should remain constant . then only we can value the note correct?

 

[prasad1]

so far govt didn't create Wealth only governed it.

the difference in pawn system and govt bond system is you can pawn any valuables like cattle pigs , swords etc.. for gold/ silver . and in the paper bond aka promissory note you are assured you get the value worth of metal equivalent to value of note you had.

please note metal value is a constant here for ex if say , govt fix 1 gm of gold is 100 value note then the value should remain constant . then only we can value the note correct?

What if the value of gold fluctuates? A barrel of Oil may be $ 1800.00 and 1 Oz of Gold may be $1800.00 today. So we can exchange 1oz of gold for a barrel of oil today.
If something happens in middle east then oil may be $2500.00 and gold may remain at $1800.00/oz so now that bartering will fail. So currency is a better means of conducting business.

Again do you consider Reserve bank, world bank and other central banks as government?
If they are then they decide the monetary policy, which in turn is conducive to business growth. They act as the guarantor, to facilitate the business. If the government did not build the infrastructures like dams, roads, railroads, educational institutes, hospitals, banks, military, police force to say a few of the services, there will be no business.

A business can not not survive in vacuum.

 

[HARE RAMA HARE KRISHNA]

we are in quest of money system evolution here. let this part of discussion precede before conclusion . afterall what will happen will happen .

 

[HARE RAMA HARE KRISHNA]

and even b4 money , govt built common infrastructures

 

[HARE RAMA HARE KRISHNA]

the value of note is related and depends on the weight of gold and not vice versa. coz the promise is that govt will return gold upon receiving the note.

it shud be started like this...at first govt paid its staffs some part metals , some part food and place to stay , then instead of paying metal they paid in notes at earlier stage the staffs could convert into metals, coz they need that to buy things since money is not a common thing yet.
g
slowly instead of converting note into metal to buy things people began to use notes directly . i think once the govt created a trust , a trust that note is convertible to metal of the promised value it gains acceptance from people .