Kevin Minne
  • Home
  • About Kevin
  • Services
    • Innovation Consulting
    • Selling Labor to the Workforce trailer
    • Innovation Game Changer & the Habit Link trailer
    • Market War, Competition or Conflict?
    • Keynote Speaker
    • Seminars & Workshops
    • Innovation Team Tips
  • Testimonials
    • Workshop testimonials
  • Blog
  • Contact

Fickle, Flimsy, Facinating, Finance

3/7/2014

0 Comments

 
Picture
One of the most mysterious changes that has been taking place over thousands of years is in the monetary system.  It is mysterious because it is not a science and is dependent on the fickle whims of human nature and yet most business owners treat it as fixed and relatively stable.  Humans are the ones that give money value or take it away.  Many years ago you could exchange a sea shell for a cow or in modern days a piece of paper with green ink and a picture of a long dead United States president for oil.  But again if the changes take place over long periods of time we don’t stop to think of the change as significant or worthy of our attention.  Unless of course we are witness to the tipping point where the monetary system collapses or money changes form.  After all what is money anyway?  To really define money is a challenge.  Money is more of a concept than anything.  It is a product or an instrument that we use for numerous purposes.  We use it to store our wealth, to build our wealth by investing it, we use it to exchange goods and services.  It can change forms depending on the times and situations and locations of nations.  It can be a paper promise of owner ship as in a stock or bond certificate or actual real tangible value held in the form of jewels or gold.  It can come in whatever form is valued by society at a specific time and situation such as cigarettes in post-World War II Germany or Dutch Tulip bulbs in 1637.  Money can change value without changing form such as when inflation happens (the dilution of value) through excessive bank money printing, for example what happened in the Weimar Republic of Germany after WW I when a wheel barrow of cash couldn’t buy a loaf of bread or in modern times the Reserve Bank of Zimbabwe Africa which was printing 100 trillion dollar notes that are worthless.  It can also change value when the inherent promise of underlying value comes into question such as when a commodity futures contract or stock certificate change value. 

Money can even be used as an instrument of war such as when Japan attacked the Chinese Yuan’s value before any shots were fired at the beginning of WW II.  The strategy was to cripple the ability of China to pay for equipping an army and fighting a war.  It also seems to have had something to do with the western banking system bankrupting the Soviet Union.  So, the uses of money and the forms it may take are probably infinite!  Waging economic warfare can be a national strategy or it can be business to business on a competitor through more competitive products or people or more efficient use of capital.  Businesses can create their own completely different form of money through the value it creates with products and services. 

As changing as the monetary system is, the question still needs to be asked not only about what forms of money are in vogue today but what will the world be using in the decades to come.  Will it be US dollars, Euros, Chinese Yuan or maybe back to gold or seashells or some other form?  It doesn’t matter whether you do or don’t have an international business, knowing that answer to that  question will affect your wealth and the decisions you make!  So, it pays to do your own learning and think innovatively about finance and the fickle, forms of money, if you don’t you could be holding all your money in the form of cigarettes when the no smoking sign comes on!


0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

      Join Kevin's Blog list.

    Submit

    Archives

    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    July 2013

    Categories

    All
    Business Habits
    Change & Innovation
    Energy Funding
    Innovation
    Innovation Launch
    Marketing
    Measuring & Rewards
    People Innovation
    Process Innovation
    Product Innovation
    Profit Innovation
    Strategy Innovation
    Thinking Skills


    RSS Feed

    Join Kevin's Email List

Submit
Picture

Coming Soon!  Kevin's New Book: "The Quest For Innovation".

Picture
Building blocks for uncovering the hidden opportunities for  business growth and performance.  
  • If you ever wanted more than the daily work routine out of your job or business.  
  • If you have had a measure of success but still feel like you are falling behind personally, professionally or financially. 
  • If you ever wanted to push your business or profession to new levels of significance.
Then this book will provide tools to unlock the hidden explorer in you so you can discover and conquer new worlds of opportunity.


Website Design by Infront Webworks
Website by Infront Webworks
Photos used under Creative Commons from PhoenixREGuy, Karin paz, The National Guard, Masa Sakano, Charles & Hudson, susivinh, www.audio-luci-store.it, koka_sexton, kencf0618, TechStage, Regionaal Archief Alkmaar, Dr. Propaganda, FolsomNatural, BioPartner, Claire Backhouse, maximeraphael, rkelland, lwpkommunikacio, Armchair Aviator, Dell's Official Flickr Page, cliff1066™, Celestine Chua, drmama, Kyle Taylor, Dream It. Do It., gerrybuckel, torbakhopper, photosbyChloeMuro, Adrian Fallace Design & Photography, Mozilla India, C. VanHook Images (vanhookc), ** RCB **, vhines200, hardcorekancil, bangkoi, visualpun.ch, Lara Cores, wetwebwork, snigl3t, Gunnshots, symphony of love, jurvetson, Meathead Movers, Kitmondo.com, permanently scatterbrained, wackybadger, artispu, |M| Фотомистецтво, One Way Stock, Bill David Brooks, Vu's Photostream, Scootie, out of ideas, Marc_Smith, _rickola, pppspics, vxla, timsackton, Furryscaly, Tekniska museet, mliu92, Alameda County Community Food Bank, Gustavo Devito, New Deal Lions Sports and then some, nickmix011, fostercriff, army.arch, .thana✌, irina slutsky, jennie-o, paulswansen, PhoenixREGuy, Orange County Archives, @sage_solar, Abode of Chaos, CommScope, Mario Behling, michael.heiss, COR_Wheels, dcysurfer / Dave Young, Nanagyei, Celestine Chua, Filter Collective, wobble-san, justin.x.hunter, pedrosek, faul, DonkeyHotey, markomni, vancouverfilmschool, edmondson photo, philwirks, Cait_Stewart, @wewon31 #365, pburka, tedeytan, Taylor.McBride™, wwarby, symphony of love, rvcroffi, Hello Turkey Toe, matsuyuki, Robert Scoble, JeepersMedia, andyarthur, watts_photos, Gerry Dincher, faul, ST33VO, ChristophLacroix, Tim Evanson, JessicaSarahS, EvelynGiggles, JohnWCoke, c_ambler, ▓▒░ TORLEY ░▒▓, Fauxlaroid, Graffio!, woodleywonderworks, NiePhotography, Andy Hay, Photographing Travis, Neil T, a.drian, eflon, erika g., Naoki Ishii, JLaw45, Janitors, Dr.Farouk, Lee Cannon, Tony Webster, The Bay Area Bias, frankieleon, amsfrank, VFS Digital Design, Pistols Drawn, rolled_trousers, cambridgebayweather, Novafly