Posts Tagged ‘exchange’

Decision Exchange

Posted: November 20, 2019 in Thought for the Day
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“Decide what you want.  Decide what you are willing to exchange for it.” -H.L. Hunt

“Money is not wealth.  Wealth is goods and services.  Money is the medium of exchange whereby we acquire wealth.” -Dr. Paul Cleveland

Money Exchange

Posted: September 12, 2018 in Money Matters
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“Money is simply a medium of exchange.” -Brian Tracy

Decision Exchange

Posted: April 19, 2018 in Thought for the Day
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“Decide what you want, decide what you are willing to exchange for it.” -H.L. Hunt

“In the United States neither paper currency nor deposits have value as commodities.  Intrinsically, a dollar bill is just a piece of paper….  What, then, makes these instruments…acceptable at face value in payment of all debts and for other monetary uses?  Mainly, it is the confidence people have that they will be able to exchange such money for other financial assets and for real goods and services whenever they choose to do so.  Money, like anything else, derives its value from its scarcity in relation to its usefulness….  Money’s usefulness is its unique ability to command other goods and services and to permit a holder to be constantly ready to do so.” -Federal Reserve Bank of Chicago

Economic Lifeblood

Posted: September 27, 2016 in Economics
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“Exchange is the lifeblood, not only of our economy, but of civilization itself.” -Murray N. Rothbard

There are several definitions of money changer; one of which is a bank.  They basically exchange forms of currency.  Associated with this transaction is a fee; of which can be a premium charge.  Think of it like this, money changes, or moves, from one to another.  Becoming dependent on such money changers consistently moves your money into their hands.  Stay away from the money changers by developing a reserve of your own in order to retain those fees for yourself.