Topic: Is money for survival or luxury? (Read 559 times)

That's why inflation is a terrifying thing for aging people.  

Everyone sees money in a different way. Most people don't earn much but their major concern in life is to spend money just to look good. Money is both for survival and luxury,  every in individual sees the importance of money differently.

Growing up every little money I have is to use it to get expensive luxury,  I don't really border if I eat good foods or not.

In my country most people believe that you are rich when you have money to provide your basic needs and also afford some luxuries. To be classified as rich, you must own a mansion or different houses, drive expensive cars, go on vacation abroad, afford expensive schools for your children, wear designers cloths and consume expensive dishes. If one can only afford the basic needs of food, shelter, clothing, education and moderate, such person is poor.

I can agree with you on this because if you bring a poor man and rich man to say something about this , you will definitely get a different answer.  To the poor man he believes money is for survival because that is what is important to him. A rich man that food is a common thing to him will not always take it serious. What the rich man thinks about is having the most costly house and driving the most expensive cars. It is the level of how one is financially buoyant that will tell what really money is for.

To a hungry man, money is surely for survival. No poor man thinks of saving or investment with an empty stomach,to him what really matter is to fill his stomach. There goes the saying 'an hungry man is an angry man'.
To a Rich or average man, money is for luxury due to the fact that is stomach is filled up already, he can now think of investment, buying of cars, building of houses, traveling and every other luxury included

To a hungry man, money is surely for survival. No poor man thinks of saving or investment with an empty stomach,to him what really matter is to fill his stomach. There goes the saying 'an hungry man is an angry man'.
To a Rich or average man, money is for luxury due to the fact that is stomach is filled up already, he can now think of investment, buying of cars, building of houses, traveling and every other luxury included

But as he makes abundantly clear in his landmark book, The Creature From Jekyll Island, now in its fifth edition, the case against the Fed is overwhelming.

Creature, as Griffin explains, is four books in one: a crash-course in money and banking; a history of central banking in America; a discussion of the Fed itself and its role in American and world affairs; and finally, a detailed look at how the Fed and other central banks become "catalysts for war."

Without central banking, much of the carnage of the past 108 years would not have been possible.

In November 1910 seven men representing roughly one-fourth of the world's wealth took a clandestine train ride from New Jersey to a resort on Jekyll Island, Georgia, ostensibly to hunt ducks.  But instead of shooting birds they drew up plans for a state-privileged cartel, which served as the blueprint for the Federal Reserve Act of 1913.

For years, most people left the Jekyll Island tale for the fringe that loves conspiracy theories.  But gradually the story leaked out, beginning with an article by Bertie Charles Forbes, the future founder of Forbes Magazine, in Leslie's Weekly in 1916 (excerpted here).  Following discussions with Paul Warburg, the Fed's chief architect and one of the Jekyll attendees, Forbes confirmed the trip in his opening paragraphs.  Later writers, including some of those in attendance at Jekyll Island, corroborated Forbes' story.  The secret trip of 1910, long considered the delusions of conspiracy theorists, was openly celebrated in 2010 by Bernanke & company.

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