Money vs currency - money is a store of value, not necessarily paper money

Every generation needs a revolution - an entrepreneurial revolution

Mike Maloney's post on currency vs money is enlightening

1.  There is inflation - rise in prices not because  of unknown forces causing increase in cost of inputs.  There is inflation because of rise in money supply, something beyond the control of producers (farmers, contractors, manufacturers)  The  goods absorb like a sponge the increase in money supply by way of higher prices.

2  Increase in money supply comes and initiated by the central bank of federal reserve system  through various ways:

      1.  Printing of more paper currency

      2.  Pump priming, stimulus checks, ayuda

      3.  Quantitative easing -  purchase by Central Banks of debt instruments from banks

      4   Lowering of bank reserves -  more money is made available for lending (which accounts for more than 90% of money created in the economy)

      5.  Lower tax rates tax exemptions

While this is seen as pro masses, this increases money supply in circulation  Inflation is the inevitable  aftermath.

3.  Money is a store of value which remains constant inspite of  passage of time  Currency which has no basis for value eventually ends up being zero  Even crypto has failed  in this aspect as there is no real stuff of value to peg its prices on

4.   The store of values can be in:

     1  Precious metals like gold and silver

     2  Real estate 

     3  Commodities which are in constant use:   toothpaste, other well preserved foodstuff, soap

         (all the stuff of survivalist)   Andrew Tobias was right in saying that household stuff are the stocks  that you need to buy

     4.  Your own education, especially financial literacy

5.  Inflation, or more currency in circulation means the value of your nest egg, your savings can be taken away  without your consent.   It is thievery at highest level

     This post is doubtful as to whether insurance, ctd, stocks are real store of values.  This post stayed  away from a well known educational plan, which eventually closed shop

     I am wondering why a US citizen is in a hurry to sell his inherited real property in the Philippines

We need more entrepreneurship in the agriculture sector

Every generation needs a revolution - an entrepreneurial revolution

We hear news of waste like tomatoes being thrown away due to lack of transport and over ripening.  What a waste.

The late Prof Dr Tito Cantado who used to be a FAO worker said that entrepreneurship is the  answer to the farmer woes, and not the perpetuity of subsistence agricultural process:   land tilling, planting, harvesting and selling to traders.  It should go beyond so that the farmers are not idle after planting.   Farmers cant just plant one crop;   they must produce other things he she need like other foodstuff, handicraft for sale their own energy needs etc  

Thus the answer to some of the problems of farmers:

1   High cost of inputs -   join coops, many coops are integrated and have their own feed mills and abattoirs  Do DA neglect this or do not know this and oftern generally accept these alibis as reason for high prices

2.  Marketing -   ever heard of farmers market where farmers group sell directly to customer, bypassing profit raking traders

3  Food processing -  excess produce can be processed into:

    1.  Cacao -  choco by products

    2.  Tomatoes -  tomato paste, ketchup

    3.  Pork beef chicken  -  dried meat products, processed meat -  canned or botted  

Let us encourage farmers, educate them on entrepreneuruship and do not make them dependent on DA which most of the time is perceived to be not doing much for farmers, or at times even anti farmers

Tons of tomatoes being thrown away daily

We should have invested in a cold storage plant

Every generation needs a revolution - an entrepreneurial revolution

Two years ago we canvassed for ref (cadaver) and none were available locally.  They are available in China.   So I tried inquiring from a friend who works at a car aircon and cold chain link in the Philippines.

He instead proposed a cold storage plant which he says in Pangasinan would have a big use for onion farmers.   I dismissed the idea.

Now I have my regrets that I did not take the offer   I could have helped during this onion crisis.