margaretoliverblog

America: Can It Be Great Again

SHARES AS MONEY?

When paper money failed in 1717 France, John Law convinced the government and merchants to use shares, that’s right shares…in a company he was involved in to settle accounts. He did not use credit cards and loans. Shares in a company guarantees the buyer of those shares ownership and you have control as to when to buy into something without debt and sell to buy something else without debt.
In short, look at what you’re investing in as in terms of the amount of shares, you own and not the mere dollars or other currencies. It’s going to happen again, so be prepared (The Rich and How They Got that Way, page 136).

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