All the people in the world are suddenly becoming wealthier. Every country is getting developed and there is huge GDP growth everywhere. That's what the media tells us. That's what our politicians tell us. That's what everyone says to another! But we all know the basic truth, that, wealth is relative in nature. That's to say like you got a ton of gold and you are marooned on island; your gold doesn't even worth a cent. But with one glass of water in the middle of Sahara, surrounded by some thirsty people, you have a mighty chance of becoming a millionaire! I'm telling the truth guys, there was someone who sold a glass of water for one million dollar (in present money) worth gold bars. Sadly he didn't live to enjoy his wealth, but his wife and children did.
So keeping that in mind and looking into economics we also may deduce that if someone is getting richer by making a profit, then someone will get poorer by making loses. And if everyone is making a profit, then the economy is no more sustainable. It's in fact a time bomb, set to go off anytime someone in the circle drops off.
Here is a video I found that I'd share with you explaining how it happens. This has actually happened in the
USA, and since they influence much of world's economy, so many other economy has also become a time bomb!
So keeping that in mind and looking into economics we also may deduce that if someone is getting richer by making a profit, then someone will get poorer by making loses. And if everyone is making a profit, then the economy is no more sustainable. It's in fact a time bomb, set to go off anytime someone in the circle drops off.
Here is a video I found that I'd share with you explaining how it happens. This has actually happened in the
USA, and since they influence much of world's economy, so many other economy has also become a time bomb!
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