MONEY IS NOT WEALTH
MONEY IS NOT WEALTH
Tuesday, 31st October 2023
Pastor Victor
Genesis 13:2 And Abram was very rich in cattle, in silver, and in gold.
Today’s money is losing value by each day through inflation. This is one reason why it makes a lot of financial sense to hedge your money. As governments around the world prints more money, it loses its value. In 1971 when President Nixon took the dollar off the gold standard, the dollar stopped being money and it became a currency.
In real essence money is not wealth. If the government of this country Ghana decides that the Ghana cedi is no longer a legal tender, what happens to your millions of cedis that you have? Useless! So you see, the value of anything called money is determined by the government.
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