Post
Topic
Board Economics
Re: True wealth and fake wealth
by
N.O
on 11/10/2024, 17:09:23 UTC

The goverment protection scheme only works when times are good but If goverments have problems with money then techically they cant protect or guarantee nothing.

The true wealth is something wich you have control over yourself not the third partie trust.
The only proof instead of trust will work.


What are you even talking about, that true wealth is something you do what? Where do you get that explanation from and there's nothing like fake wealth as well, I think you need to elaborate this in a very broad manner and why do you think food and all that is true wealth and  necessarily I can't really get this statement of yours.But mind you true wealth can be generated from different angles and perspective
and it differs in alot ways too,tho land, properties could be classified as true wealth but I haven't heard of fake wealth so I can't really put in more idea to that or make any point from it,so anything could be wealth just as it has value, just like Bitcoin holding it could make one generate wealth you know, that's why I think your context in explaining both fake and true wealth matters.
True wealth is that which you can hold and you accupy that . In the case of land , you should buy that land that occurs in your residential area and you have an access of doing business by that. You can get fare from that is that is good land and you can use that for your personal purposes and you can store your items in that.   Fake money is that money which is in the bank and bank can be bankrupted and we can lose all our money if we didn't save  our money in trusted bank . Banks are doing the businesses of  different kind abd they are investing their money in the assets and  also currency is fake money but poor people think that it is real money and they are rich due that mindset.