what should i say at the beggining of this blog? i hope u don't mind me using my own way of expressing something i wish to express.. well it basically starts like this i just wanna potray what ever is in my mind and just let the hell out of it go so i wont go tacos! anyway i'll begin with a subject: about somebody i don't really like
JOEL LEOW THE GANGSTA!
it's hard to understand this guy though.. but seriously i have to say that his super violent and he loves bashin ppl up like a mania! his rebellios! he is just a white trash who's a afraid of ppl who are bigger than him and his a scaredy cat! anyway i got too much 2 quote abt him but i just hope that someday he'll be killed
do it while u can!
;-P
mother of all cash.
Thursday, January 24, 2008
Sunday, December 30, 2007
LIFE IN THE FAST LANE.
sometimes in life or in the real world.. it's hard to accept though expectations.. but when we look at it as a situation where everybody can settle things down instantly and bring it to where it were it was.. it's okay u know.. cause there is a solution to help.
and what it is? = logical right? and that's MONEY
let's begin with the subject and cut the crap merchant. you know what? If i were to give u a big sum of magical green notes (it can be called cash) what are u gonna do with it? .if you wanna know more pls refer it at the apprentice TV series. (u may think this is really dumb but actually frankly speaking.. this is real usefull to educate u to be the future's next business tycoon. like what donald trump said. you're fired. if u can't perform things well. i advice you to step down and resign. AND imediatelly take you're broke ass home. now let's begin with the real subject.
you know.. (forgive me for my two dots behind the letters it's just a habit to inform u honestly). when i wake up every morning. i feel like i am very dumb u know. i get a lack of attention from mommy.i always perform badly for maths and let me make a confession to the world that i hate maths the most in the world!!!!i wish that the world could be anti-mathematical you know.. but when i see a maths book or a geometry instrument.. i just feel like i am below of the world u know.. but when it come's to 1 secret. u gotta be real careful.. i learn form adults to be a real business tycoon. i mean i play the london stock exchange u see. i may be a normal teen.. but i am specially diffrent in every single way than anybody. i am not a typical teen u see. i am very abnormal sometimes and i am really specific from everybody else. and that's me u know. i can't help being specific. but now let's come to the personal terms.. pls write to me if ur a business tycoon! ok! now is the real topic what i really wanna say:
Everyone uses money. We all want it, work for it and think about it. If you don't know what money is, you are not like most humans. However, the task of defining what money is, where it comes from and what it's worth belongs to those who dedicate themselves to the discipline of economics. While the creation and growth of money seems somewhat intangible, money is the way we get the things we need and want. Here we look at the multifaceted characteristics of money.
What Is Money? Before the development of a medium of exchange, people would barter to obtain the goods and services they needed. This is basically how it worked: two individuals each possessing a commodity the other wanted or needed would enter into an agreement to trade their goods. This early form of barter, however, does not provide the transferability and divisibility that makes trading efficient. For instance, if you have cows but need bananas, you must find someone who not only has bananas but also the desire for meat. What if you find someone who has the need for meat but no bananas and can only offer you bunnies? To get your meat, he or she must find someone who has bananas and wants bunnies ... The lack of transferability of bartering for goods, as you can see, is tiring, confusing and inefficient. But that is not where the problems end: even if you find someone with whom to trade meat for bananas, you may not think a bunch of them is worth a whole cow. You would then have to devise a way to divide your cow (a messy business) and determine how many bananas you are willing to take for certain parts of your cow. To solve these problems came commodity money, which is a kind of currency based on the value of an underlying commodity. Colonialists, for example, used beaver pelts and dried corn as currency for transactions. These kinds of commodities were chosen for a number of reasons. They were widely desired and therefore valuable, but they were also durable, portable and easily stored. Another example of commodity money is the U.S. currency before 1971, which was backed by gold. Foreign governments were able to take their U.S. currency and exchange it for gold with the U.S. Federal Reserve. If we think about this relationship between money and gold, we can gain some insight into how money gains its value: like the beaver pelts and dried corn, gold is valuable purely because people want it. It is not necessarily useful - after all, you can't eat it, and it won't keep you warm at night, but the majority of people think it is beautiful, and they know others think it is beautiful. Gold is something you can safely believe is valuable. Before 1971, gold therefore served as a physical token of what is valuable based on people's perception. Impressions Create Everything The second type of money is fiat money, which does away with the need to represent a physical commodity and takes on its worth the same way gold did: by means of people's perception and faith. Fiat money was introduced because gold is a scarce resource and economies growing quickly couldn't always mine enough gold to back their money requirement. For a booming economy, the need for gold to give money value is extremely inefficient, especially when, as we already established, value is really created through people's perception. Fiat money, then becomes the token of people's apprehension of worth - the basis for why money is created. An economy that is growing is apparently doing a good job of producing other things that are valuable to itself and to other economies. Generally, the stronger the economy, the stronger its money will be perceived (and sought after) and vice versa. But, remember, this perception, although abstract, must somehow be backed by how well the economy can produce concrete things and services that people want. That is why simply printing new money will not create wealth for a country. Money is created by a kind of a perpetual interaction between concrete things, our intangible desire for them, and our abstract faith in what has value: money is valuable because we want it, but we want it only because it can get us a desired product or service. How Is It Measured? Sure, money is the $10 bill you lent to your friend the other day and don't expect back anytime soon. But exactly how much money is out there and what forms does it take? Economists and investors ask this question everyday to see whether there is inflation or deflation. To make money more discernible for measurement purposes, they have separated it into three categories: M1 – This category of money includes all physical denominations of coins and currency, demand deposits, which are checking accounts and NOW accounts, and travelers' checks. This category of money is the narrowest of the three and can be better visualized as the money used to make payments. M2 – With broader criteria, this category adds all the money found in M1 to all time-related deposits, savings deposits, and non-institutional money-market funds. This category represents money that can be readily transferred into cash. M3 – The broadest class of money, M3 combines all money found in the M2 definition and adds to it all large time deposits, institutional money-market funds, short-term repurchase agreements, along with other larger liquid assets. By adding these three categories together, we arrive at a country's money supply, or total amount of money within an economy.
Conclusion Remember, as long as people have faith in the currency, a central bank can issue more of it. But if the Fed issues too much money, the value will go down, as with anything that has a higher supply than demand. So even though technically it can create money "out of thin air," the central bank cannot simply print money as it wants.
after all these important articles... i hope it's really gonna help you alot if you are a very far-sighted teenager looking for a career plan. . or maybe you might wanna be a business tycoon when u grow up. perhaps.. it would be great if u read this blog that i've posted. and at the end of the day i would like to thank everyone who have supported me emotionally. and guiding me through the though times but at the end of the day.. nothing gets personal.. it's all about the business.
A GREAT THAK YOU TO EVERYBODY.
It's nothing personal.. it's all about the business. - Gordon Wong Eu Jun - (world's next business tycoon) Oh i was just kidding! :P
and what it is? = logical right? and that's MONEY
let's begin with the subject and cut the crap merchant. you know what? If i were to give u a big sum of magical green notes (it can be called cash) what are u gonna do with it? .if you wanna know more pls refer it at the apprentice TV series. (u may think this is really dumb but actually frankly speaking.. this is real usefull to educate u to be the future's next business tycoon. like what donald trump said. you're fired. if u can't perform things well. i advice you to step down and resign. AND imediatelly take you're broke ass home. now let's begin with the real subject.
you know.. (forgive me for my two dots behind the letters it's just a habit to inform u honestly). when i wake up every morning. i feel like i am very dumb u know. i get a lack of attention from mommy.i always perform badly for maths and let me make a confession to the world that i hate maths the most in the world!!!!i wish that the world could be anti-mathematical you know.. but when i see a maths book or a geometry instrument.. i just feel like i am below of the world u know.. but when it come's to 1 secret. u gotta be real careful.. i learn form adults to be a real business tycoon. i mean i play the london stock exchange u see. i may be a normal teen.. but i am specially diffrent in every single way than anybody. i am not a typical teen u see. i am very abnormal sometimes and i am really specific from everybody else. and that's me u know. i can't help being specific. but now let's come to the personal terms.. pls write to me if ur a business tycoon! ok! now is the real topic what i really wanna say:
Everyone uses money. We all want it, work for it and think about it. If you don't know what money is, you are not like most humans. However, the task of defining what money is, where it comes from and what it's worth belongs to those who dedicate themselves to the discipline of economics. While the creation and growth of money seems somewhat intangible, money is the way we get the things we need and want. Here we look at the multifaceted characteristics of money.
What Is Money? Before the development of a medium of exchange, people would barter to obtain the goods and services they needed. This is basically how it worked: two individuals each possessing a commodity the other wanted or needed would enter into an agreement to trade their goods. This early form of barter, however, does not provide the transferability and divisibility that makes trading efficient. For instance, if you have cows but need bananas, you must find someone who not only has bananas but also the desire for meat. What if you find someone who has the need for meat but no bananas and can only offer you bunnies? To get your meat, he or she must find someone who has bananas and wants bunnies ... The lack of transferability of bartering for goods, as you can see, is tiring, confusing and inefficient. But that is not where the problems end: even if you find someone with whom to trade meat for bananas, you may not think a bunch of them is worth a whole cow. You would then have to devise a way to divide your cow (a messy business) and determine how many bananas you are willing to take for certain parts of your cow. To solve these problems came commodity money, which is a kind of currency based on the value of an underlying commodity. Colonialists, for example, used beaver pelts and dried corn as currency for transactions. These kinds of commodities were chosen for a number of reasons. They were widely desired and therefore valuable, but they were also durable, portable and easily stored. Another example of commodity money is the U.S. currency before 1971, which was backed by gold. Foreign governments were able to take their U.S. currency and exchange it for gold with the U.S. Federal Reserve. If we think about this relationship between money and gold, we can gain some insight into how money gains its value: like the beaver pelts and dried corn, gold is valuable purely because people want it. It is not necessarily useful - after all, you can't eat it, and it won't keep you warm at night, but the majority of people think it is beautiful, and they know others think it is beautiful. Gold is something you can safely believe is valuable. Before 1971, gold therefore served as a physical token of what is valuable based on people's perception. Impressions Create Everything The second type of money is fiat money, which does away with the need to represent a physical commodity and takes on its worth the same way gold did: by means of people's perception and faith. Fiat money was introduced because gold is a scarce resource and economies growing quickly couldn't always mine enough gold to back their money requirement. For a booming economy, the need for gold to give money value is extremely inefficient, especially when, as we already established, value is really created through people's perception. Fiat money, then becomes the token of people's apprehension of worth - the basis for why money is created. An economy that is growing is apparently doing a good job of producing other things that are valuable to itself and to other economies. Generally, the stronger the economy, the stronger its money will be perceived (and sought after) and vice versa. But, remember, this perception, although abstract, must somehow be backed by how well the economy can produce concrete things and services that people want. That is why simply printing new money will not create wealth for a country. Money is created by a kind of a perpetual interaction between concrete things, our intangible desire for them, and our abstract faith in what has value: money is valuable because we want it, but we want it only because it can get us a desired product or service. How Is It Measured? Sure, money is the $10 bill you lent to your friend the other day and don't expect back anytime soon. But exactly how much money is out there and what forms does it take? Economists and investors ask this question everyday to see whether there is inflation or deflation. To make money more discernible for measurement purposes, they have separated it into three categories: M1 – This category of money includes all physical denominations of coins and currency, demand deposits, which are checking accounts and NOW accounts, and travelers' checks. This category of money is the narrowest of the three and can be better visualized as the money used to make payments. M2 – With broader criteria, this category adds all the money found in M1 to all time-related deposits, savings deposits, and non-institutional money-market funds. This category represents money that can be readily transferred into cash. M3 – The broadest class of money, M3 combines all money found in the M2 definition and adds to it all large time deposits, institutional money-market funds, short-term repurchase agreements, along with other larger liquid assets. By adding these three categories together, we arrive at a country's money supply, or total amount of money within an economy.
Conclusion Remember, as long as people have faith in the currency, a central bank can issue more of it. But if the Fed issues too much money, the value will go down, as with anything that has a higher supply than demand. So even though technically it can create money "out of thin air," the central bank cannot simply print money as it wants.
after all these important articles... i hope it's really gonna help you alot if you are a very far-sighted teenager looking for a career plan. . or maybe you might wanna be a business tycoon when u grow up. perhaps.. it would be great if u read this blog that i've posted. and at the end of the day i would like to thank everyone who have supported me emotionally. and guiding me through the though times but at the end of the day.. nothing gets personal.. it's all about the business.
A GREAT THAK YOU TO EVERYBODY.
It's nothing personal.. it's all about the business. - Gordon Wong Eu Jun - (world's next business tycoon) Oh i was just kidding! :P
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