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Showing posts with the label standard currency

Just my thoughts #0789

Meaning of “Non-existence”: In mathematics, the number “0 (zero)” can signify both “does not exist” and the transition of a filled unit to a higher one in the decimal system. The first meaning is connected to ontology, while the second explains how, when one decimal unit is full, the total shifts to the next unit, and a zero indicates this shift. In this system, zero marks that the next higher unit is present. Philosophically, the concept of “nothing” is viewed in the West as “non-existence,” but in the East, it can signify a transformation to the next level after being filled. So don’t be discouraged if you don’t have anything. Your “disappointment” also comes from the fact that other areas have already been filled. - Joseph’s “just my thoughts”

Just my thoughts #0361

Money is largely divided into two categories: Standard Currency and Fiat Currency. Standard Currency’s value is tied to real goods, while Fiat Currency relies on legal enforcement for its value exchange. Standard Currency is termed convertible gold if it can be exchanged for gold and convertible silver if it can be exchanged for silver. However, for any currency to be created and circulated in the market, bonds must exist first. When the government issues Fiat Currency and distributes it, the central bank lends money to commercial banks; this process is effectively a loan. A loan is legally recognized as a bond and represents a debt that must be repaid. Without debt existing in the world, money cannot circulate. The government manages the economy by adjusting the money supply in the market, either by collecting or lending more of these loans. Many people aspire to make money, but few truly understand what money is. - Joseph’s “just my thoughts”