Digital Currency Change is a reality now. What Next?

 28^th August 2021

Digital Currency Change is a reality now. What Next?

Dear Fellow Travelers,

Namaste! The game of investing requires that you forecast the coming event well in advance, start buying or investing in that asset class before the MASSES join, and sell when the masses come in. The challenge is to go right every time in forecasting the future. This is easier said than done in practice. There will be more misses than hits for any of the forecasters. However, if you know how to take a position when you are winning, you will make tons of money in spite of going wrong 6 times out of 10 times.  

What had been our calls for Currency Changes since 2018?

Can you imagine World without US DOLLAR? (conspira... http://bestofhiteshparikh.blogspot.com/2018/03/can-you-imagine-world-without-us-dollar.html?spref=tw…

10:15 AM · Mar 8, 2018·

 

The above post deals with what the USA could do to kill all his debtors at one stroke – china included.

 

 

World over Currency and Financial system are slate... https://bestofhiteshparikh.blogspot.com/2020/03/world-over-currency-and-financial.html?spref=tw…

12:34 PM · Mar 26, 2020

This post talk about the planetary combinations which will help the authority to carry out the planned changes in the financial system and currency.

Both the posts are a must-read for research-minded guys.

What is the current status of Currency Changes?

 

 

As per the above chart – China is ahead in the race for central digital currency. USA and India is at the research stage.

How changes in the form of Currency has come?  

If you check the long history – the currency has changed many forms. Gold – Silver – Coins – Paper Currency backed up by Gold – Fiat Currency – Banking transfers – Digital Transfers – Digital Currency. Leather coins were also used as currency in some kingdoms in the past. The above are the main forms of currency in the larger part of history.

Now, if you check – Gold and Silver – Copper had some intrinsic value along with the currency value. It means they had both the intrinsic value and the currency value. Paper currency – plastic notes – cheques or digital currency have just currency value. They don’t have intrinsic value.

When the changes came in the past – people were skeptical about the changes. People were not ready to keep the money in the banks or keep their jewellery in the bank lockers in the last century. Traditionally, people used to keep the money- jewellery in their home / in-home locker. Godrej was the prominent home locker-making company and even today also many jewellers are using the Godrej system only.

The point is – in the past also – when the changes were announced or effected – the majority was not ready to support the changes and the government had no way to reach them in the interior parts of the country. There were fewer banks and not able to reach every nook and corner of the country. So, those who were keeping money in the form of currency was okay.

Increase in the Control over a period of time: -

We had no Pan Card / Aadhaar card or Mobile in the past. So, it was difficult to monitor the person or identify the person. With the Mobile, it’s really impossible not to get tracked by anybody. Apple and Google can track you without your knowledge thanks to the mobile internet. So, the Government had got one solid control to monitor you. 

With the digital currency – they can monitor your money to the last rupee. With Digital currency, it will become possible for the government to know where the money is lying idle and why?

The other things they have already done is the DEMAT of shares. They are planning to DEMAT your property and other assets. There will be DEMAT banks for different asset classes and you can transfer assets easily from one account to another account.

So, they can monitor you, your money, and your assets at the click of the buttons. There were talks of inserting chips in humans in the USA so that the Government can control the crime rates.

The Government has got tremendous power in their hand's thanks to the technology which was not there in the last so many centuries.

Cornering of each and every individual: -

If you see the changes in the forms of the currency – one thing is easily understandable that the inflation has gone so much up that we changed our method to pay.

Silver is cheaper to Gold. Copper is cheaper than Silver. Currency notes were cheaper than copper coins. Digital currency is cheaper than Paper Currency.

The point is in the past government was looting you with only one weapon - inflation. You were allowed to keep the currency – hide your identity – keep your assets in some other names and still, the government can kill you with the inflation.

Now, the government has Inflation – tracking facility – digital currency and Demat asset classes. It means the person will be covered from all 4 sides - Charo Khane Chit as we say in Hindi.

How to Survive and Grow In the coming time?

Check the history. Those who just kept the gold in their locker did not become billionaires. Those who invested their money in some productive assets – say Land / Business / Industry or Shares made tons of money.

The advantage the olden people had – Gold can also be sold and they could meet their needs as Gold had intrinsic value. If they had not learned the fine art of investments – they could survive. It was normal to sell Gold and meet the expenditures in the past. In the Covid times of July 2020 – when the lockdown was removed – there was a lot of selling of Gold ornaments by people to pay their bills. It means they could survive thanks to the intrinsic value of the currency.

It means it was not necessary to know the investing or learn the investing. Your currency was enough to help you survive your life.

Paper and digital currency have no intrinsic value. So, if you just keep them – inflation will kill you faster than you think. In the worst case, some hackers may steal from your account. 

The only way to survive the coming period is to go for investing your money. With investing – you will have the asset classes which will generate money for you and help you beat inflation. When you hold the assets – the Government will also have no interest to monitor your bank balances. What’s more – you can save yourself from Digital Hackers in the coming time if you hold some investments instead of just currency in your bank accounts.

What Next?

The way situations have forced senior citizens to learn smart phones – I see masses will be forced to learn the investments in a big way to survive. Those who learn fast and adapt to the new normal – they will grow faster than the slow learners or fence-sitters. 

Make your choice.

Follow me on Twitter @hiteshmparikh Or on Whatsapp - +91-9869425399.

 

Live With Passion…Invest With Passion. 

 

Hitesh Parikh.