Wednesday, June 22, 2011

Money Wagging The Man

I found one interesting blog (Japan). The blogger started his non working retired life just two years ago. His savings was amount to fifty million yen(six hundred twenty five thousand dollars ) at that time. He was still young and his effort to save money was outstanding. He began to enjoy his idle life.
Well, How is he now? He have just lost almost of his savings. He changed all his savings to Tepco(Tokyo electric power company)stocks for HEDGE. But, as you know, Fukushima Nuclear accident blew his all assets off. He is still young. He shall manage to get a job.
We are apt to forget the money is only fiat currency. It's only symbol of the wealth. When I was a junior high school student, I found the fact. But how about gold? Answer to this problem was in the world history.
I couldn't understand Physiocrats and and Mercantilism at that time. Now this seems to me as the wall of fools about"where the wealth come from?" Off course I stand by Physiocrats.
He realized this fact and had a fear for inflation. To prevent his assets from inflation, he changed all cash to Tepco's stock, and blew himself up. (commodities yield neither interest nor dividend money)

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