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Currency is NOT money
Crypto
DLT
Blockchain

A multi-national Company / or / it's Officers get greedy ....

Farmers / dealers in Maharashtra bear the brunt.

Smashing story by The Morning Context.

And, it's free to read.

And yours truly is also features :

I would urge all of YOU to read it

@sanjayuvacha

@prasanna_s @gautambhatia @jamewils @smrutibombay

@LKably

@Calamur

@Suri

@ramanmann

@parthpunter

@nit_set

@nitin

@larissaf

AND ALL THE GOOD FOLKS ON MY TL:

https://themorningcontext.com/netafim-india-and-a-tale-of-debt-default-and-death/

Netafim India and a tale of debt, default and death - The Morning Context

Not too long ago, Kishor Devde used to be an optimist, bordering on the unrealistic sometimes. The 29-year-old man from Devdi Hadgaon village in Maharashtra’s Jalna district wanted to become a farmer. Despite knowing fully well about the widespread agrarian crisis in a country that was once known for its agriculture—if at all, this motivated …

The Morning Context

Definition of Ownership::

Anything which is Directly a Part of Planet Earth and Owned by humans becomes such humans Ownership.

Rest all the man made possessions and/or constructs when purchased by humans is only their Exclusive rights to Utility.

Definition of Waste::

Anything that is used, but not Stored in it's original form or Consumed in particular time, is Waste

Definition of Smart City::

Smart City is a City which is working perpetually towards maximizing Self Sustenance in being.

Which means that Smart City should have a Circular & integrated ecosystem, whereby everything that it consumes is brought back into system.

“It is not necessary to change. Survival is not mandatory”

W. Edwards Deming

Value of unit of currency should have absolute attributes similar to physical units attributed to weight, length, mass etc. Fluctuating unit of currency messes the objective calibration of economic activity within civilization.

#currency

Value discovery of the product is derived from its cost. Price discovery of the product is a function of the Civilizational affordability, necessity and utility etc. By tracking the sync, de-sync of Value and Price, civilization can chose the future path to pursuit of sustenance and growth. Benchmark rule is: More decoupled the price and value, more broken the civilization.
#economy #civilization
Inflation is economic system's response to currency hoarding. Currency Hoarding impacts currency's overall velocity in the economy, which in turn forces needs for tweaking in form of printing currency and/or bonds.