Thursday, June 10, 2010

Concepts of Money

Money, is one of those things, that people either think about or don't. I'm the kind, that thinks about it, but not as often, as I used to. I think about it, more abstractly today, than I did before, for, you kinda start losing interest in money, when you realize, how it is made. It becomes a boring endeavour. A job. You know you can do it, but you don't really want to.

Different folks out there, conceptualize money, in a different manner. Yet interestingly enough, they all believe, they conceptualize money, in the same way. The resultant end, are endless arguments, about money and fiscal systems. Below, are some of the ways, different people, conceptualize money.

Asia : Money as Savings

In Asia, money, is anything, you can save. Anything, you can save, for another day, or a rainy day. Most Asians, especially Indians, still believe in, a pound in the pockets, a penny on the streets. They kind of live like that, frugally. But, its not a Jewish frugality, one based on wise spending, but an attempt, to save on just about anything, other than energy. An Asian, will travel eight kms, on foot, to a McDonalds, because they have a special. They are thinking, "look at all the money, I am saving", not thinking, about the energy, been expended. Credit cards, were really created, for Asians, as they think them, a wise, money, management tool. People out there, kinda think, that, its Africa, that receives alot of Aid, not knowing, that countries like India, receive more Aid, in the form of credit/FDI, than the whole of Africa.

UK: Money as Assets

The United Kingdom, has a medieval, way of conceptualizing money. They have not changed, since the medieval age. For them, money is anything, considered an asset. They tie all their money up, in assets. The problem is, disposing off an asset, in the UK, is a big problem. It could take you, ten years, to probably sell off, a piece of land you own. Thats why, UK Banks, created the concept, of Collateral. If you want money, in the UK, you have to give them something you own. Better yet, have them sell for you, that piece of land you own. Labour, in the UK, is a form of Collateral. When you work in the UK, you are not really making money; you are just telling people, its safe, to lend me money, I can pay it back. UK Banks, want to know about your job, before they lend you any money. Its really, a medieval world, that way.

America: Money as Multiple Streams of Income

The American way of conceptualizing money, has many dreaming, of going to America. They read the books, Zig Ziglar, and they dream, of great riches, big mansions, and women, with names like Cindy Crawford. Its easy to make money in America, but it is not. Americans, have developed ways, of making money, that are philosophical in nature; Zig Ziglar. You just simply apply the principles, and sit back, and wait for the money to roll in. Thats kinda how, they tell you it is. Thats where they get ya. They don't tell you, about the biggest obstacle, in making money, in America; Competition. It is fierce and hard, in America. You will be humiliated, when you learn, that a ten year old kid, is making more money than you, running a similar business. You will be disappointed, when you learn, your business, might have a limited lifeline. Things come and go, in America. Still, one can make good money in America, philosophically, but you will find, that without the competition angle, no woman will look at you. And there is no rejection out there, like the rejection, by an American woman. Money as philosophy.

Japan: Money as Intelligence

The Japanese, invented, what they call, the Knowledge economy. People think, European experts, came up with this. You read most books out there, on the knowledge economy, and wonder, "what the hell are they talking about?" I kinda, always believed, that this was where, I should make my money. The way I saw it, I would simply put what I knew, in a pdf file, and sell it, over the internet. Naive, everybody knows this, why? Bit torrent. It just would never fly. How does the knowledge economy work? Its simple. Most people just don't know, that Japanese people, are good, at predicting the future. People don't know this. Its hard to commit a crime in Japan, for you will find, the police, at the crime scene, before you get there. They know, how to predict the future. If you can predict the future, you can easily sell knowledge, and make money from it. The roots of this, are old; it goes back, to the Samurai days. One word: Daimyo. Understand that, you understand, the knowledge economy.

Africa: Money as Collectibles

Most out there, don't associate, Africa, with money. They kinda believe, African money, is printed, in African homes. They just don't believe in it. Most just don't know, that Africans, have always conceptualized money, in the form of collectibles; they collect stuff, said to have value, and then sell it. This is not that direct. This stuff, must be seen as junk. In Africa, you don't have, import-export businesses. You open a car show room, and you won't really make, any money. What they have in Africa, is buyout-resale. Africans, go to places like the Emirates, India or China, and buyout, as much junk, as they can, which they resale, in Africa, for a huge margin. Margin, not profit, as profit, is associated, with import-export. The golden age of Africa, I believe, was not in the days of Ancient Egypt, when Egyptians sold, African animals, for a huge margin, to others out there, or, with Mansa Musa, and a time, when gold, was common in Africa, as grass was. They still say, there are places in Namibia, and other parts of Africa, where one can pick diamonds, of the ground. For me, the golden age of Africa, was the seventies, when one could find, American stuff, all over Africa. It was incredible, and incredulous. You would walk, into a second-hand store, and find all kinds, of American stuff, going at a good price. It was really incredible. To this day, there are some Africans out there, who visit others, just to see, what junk, they have, in their garage. They see something they like, ask about it, and later on, resale it, for a margin. For this to work really, you have to understand, trends in Africa, for they change faster, than in other places around the world. Africas economies, are really about trends. Most don't know this. In other parts of the world, trends don't exist, what exists, is Media. To this day, unknown to most people, African economies, make huge margins, selling Curios and other such artistic artefacts. Huge margins. For some reason, people who own American stuff, believe they deserve, an American woman. Its complicated like that.

Europe: Money as Loot

There is nothing much, to say about, how Europeans, conceptualize money; they really, just plunder. Pirates of the Caribbean style. In Europe, its all stolen wealth. They don't really know, how to make money. The problem with stolen money, is that its hard to manage. It comes and goes. You find, that most people who plunder, simply keep the money, thinking, one day, I will use it all up. You find though, that, that day, never does come. They die, with all the money, intact, until someone discovers it. I would advise, the Europeans, that in order to develop, a clean conscience, and find God again, that they could probably conceptualize money, as 'Lost and Found'. I think, they know, how to do that stuff.

Islam: Money as Fortune

The way the Islamic world, conceptualizes money, has resulted, in me thinking, this is the right way for me. People just don't know, that it is easy, to make money, in the Islamic world. Whats difficult, is keeping it. Most out there, believe that the Islamic world, will eventually run out of oil, just to hear, of a new oil field, ten times bigger than the largest known, has been discovered. Thats Allah. A poor man, in the Islamic world, walks around seeking money. Islamic women, will not look at you, if you have no money. He finds a gold piece, on the ground, and he says, "With this gold piece, I will start a business." He does so, and six months later and a millionaire, a friend he has not seen in a while, due to not having money, shows up and says, "Abdul, how did you make this wealth?" And Abdul says, " I just started a business, and here I am." Thats Allah. But there is catch to it all. Allah gives, but Allah, also takes. You have to show obedience to Allah, to keep the money. What does this involve? It involves, praying 5 times a day, dhikr, and fasting for 40 days, only really taking fluids. Thats just some of it. It is not easy stuff. Most people, can't even pray, once a day, for a whole week. 10 minutes per session. Try it, and see what I mean. Yet still, even with all the prayers, one realizes, that they have been tricked, for you see, money, makes one think, in a different manner, than prayer. You just can't bring the two together. The people of the Islamic world, knew this, and dealt with this problem, in an interesting way; they created, religious titles, that allowed them to pray, and also spend money. Titles, such as Emir, Sultan, Pasha, Mahdi, and even Regent. The United Arab Emirates, has eight Sultans, but most think, that its Mohammed bin Rashid, running the show. I have decided, that in the future, near possible, I will be a Regent. A Regent, is simply, a critique. He is all about, making things better, or making people better. He deals, with what they call, Intellectual Capital. Intellectual Capital; (IC), is a term, many believe, to be European. But nearly all, European sources, cannot explain, what IC, is. Its easy. IC, is simply, any knowledge, used to make things better, or make people better. It differs from knowledge [found in books], intelligence [hardcopy-problem solving], and wisdom [what the media, is supposed to be about]. IC, is made up, of all three and more. IC, has to be managed, and not looked after. It can be presented, in multiple ways, and like wisdom, stands the test of time. Like intelligence, it is used to solve a problem, but unlike knowledge, can be sold in many ways, including as a product, or a service. You can start a school, based on IC. A TV station too. I think I know this stuff, and possibly, in the future, I will do something about it. Islam, is about knowledge; Sharia, is about intelligence, Sufism, is about wisdom. To be honest, I hope to start the next big thing. If Prophet Muhammed (PBUH), ever returns to earth, I want him, to have heard about me. Its really just, that simple.

Aleikum Asalaam