Money is not wealth, production of something of value is - how Spain lost its empire despite gold and silver horde

Every generation needs a revolution - an entrepreneurial revolution

This example is about Spain which discovered hordes of silver, and silver flowing into their country contributing to 400% inflation.  Money flowed from Spain to say France where goods were cheaper.  Spaniards became populated by Hidalgos, who had plenty of money but did not work.  They had plenty of silver coming from Peru and Mexico  This wrong belief led to the demise of Spanish empire.

Many think and even in our family that money in the bank is wealth.  It is just a medium of exchange to produce more goods and services.   Not an end in itself

The reinterpretation of parable of talents

Every generation needs a revolution - an entrepreneurial revolution

One of our tasks on earth is to invest, to make the world grow   One of the greatest sin is being indolent.   We should work harder.

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HE “FIVE TALENTS PRINCIPLE”:

How a 2,000-Year-Old Lesson Reveals the #1 Rule of Growth in Business

In Matthew 25, Jesus told a story that might be the most important business lesson ever recorded.

A master was leaving on a long journey.

Before he left, he entrusted three of his servants with resources.

One received five talents of silver.

Another received two talents.

The last received one talent.

A talent was not a coin.

It was a lifetime’s worth of wages…a massive investment.

The master expected them to do something with it.

The servant with five talents went immediately to work.

He invested.

He traded.

He multiplied.

He turned five into ten.

The servant with two did the same.

He doubled what he had.

But the servant with one talent?

He dug a hole and buried it in the ground.

No action.

No risk.

No effort.

No return.