| Subject: | [socialcredit] Re: [SPAM] Re: [socialcredit] Re: Worldwide Money Creation Tsunami | | Date: | Saturday, December 6, 2008 16:26:45 (+0100) | | From: | Per Almgren <almgren_per @.....com>
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| In reply to: | Message 5761 (written by Graeme Taylor) |
Graeme Taylor skrev:
> Thanks Brock
>
> I was going to correct you, then read the initial message which I feel
> needs some further input.
> Ann Belsey wrote
> " Nobody ever got rich by spending money."
>
> What the? Most multimillionaires don't have a million dollars in the
> bank. They spend their monetary wealth to buy assets.
> But then she states
> "One gets rich by investing or LENDING money."
>
> Could there be some muddled notions there. Is investing not spending?
No. Investing is NOT spending. Spending is when you buy goods and
services, not when you buy shares or papers that entitle you to receive
possible future income just from the fact that yuo own these papers.
This is in principle the same as lending out the money, even if there is
no amortization plan.
When you spend money, this money become income to other people or
business firms. When you buy shares or other papers the money used
become debts. That is the big difference.
Per Almgren
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