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Control of your currency, is the safest most secure, and therefore the surest way, to produce wealth. Daniel Lapin mentions this is his book entitled, Thou Shall Prosper when he states that "The flow of money produces wealth."
Not that there aren't other methods to obtain wealth faster, perhaps with even less understanding and/or less effort. But each of these other methods carries safety, speculation and solvency issues which place you and your core assets at risk. So if you aspire to benefit from the safest, most secure, and surest method of wealth production then you'll want to learn how to attain control of your own currency.
"In September of 2010 the Mexican government issued a new law which basically restricted the use of the US Dollar for almost all purchases made inside Mexico."[i] It was a wise move for Mexico as the "Mexican economy grew at a rate of just over 5% in 2010...by year's end many companies in Mexico were reporting stronger than ever revenue and sales at rates not seen in many years."[ii]
Now there is a lot more involved here than just the implementation of a new law which is going on with the Mexican economy. But the fact that the Mexican government has effectively slowed down the use of US dollars as a currency is never-the-less a significant part of what is going on. And this is why. Mexico is controlling its own currency better! All people everywhere, and in every time, take better care of what is their own. And money is no exception to this fact.
Think of it this way. If you were gifted a dollar, or one-million dollars, it is obvious that you neither made nor earned that money because it was a gift. The same is true of theft. A thief neither produces nor earns what they steal. Such dollars therefore, historically will not be used as efficiently as those dollars would have been had you exchanged your time or your hard earned assets for them. But regardless of how you use the gift or the stolen currency, the economy is not benefited by either one...it doesn't grow...because gifts given or things being stolen are not an exchange of value but rather a value which is transferred ,the gift willingly the theft unwillingly. But an economy can only grow when things are produced (created or traded) which people desire and are willing to exchange for something they already have. The most valuable thing that each of you own and control is your time. And therefore, in a free society, where exchange is allowed without outside interference, an economy naturally grows in a most simple fashion...as people exchange their time for currency so that they can use that currency as an extension of their time and exchange it for things which others have and which they need or desire to have.
Anything therefore, which would interfere with this natural growing economy: Theft (devaluation of the currency, i.e. inflation,) regulations and/or control by outside forces on the freedom of exchange or time (price controls, wage laws, income taxes, etc.) will destroy the growing potential of any economy.
When Mexico tightened their currency laws they regained some currency control. No longer were they as vulnerable to the inflationary nature of the US dollar and the theft that naturally occurs with that. They were also liberated from the regulations that come with the use of US dollars (i.e. exchanged rates) which kept their own currency from growing.
So what can Mexico teach you? Well, having just come back from a nice vacation to Puerto Vallarta, I think you might be surprised. As I sat in the airport waiting our return flight to the states, another US citizen and I began to talk and he said it best. "Mexico is ordered chaos. And it is so refreshing to see it works." People are actually happy there, smiling, laughing, and talking with each other in the streets. I saw no hand held cardboard signs saying "hungry anything helps," but I did see a lot of folks hustling doing whatever it takes to earn a Peso so they could feed their families. And I got through airport security feeling like a human being rather than a person suspected of crimes yet unheard of. But I digress.
Alex, one of our waiters in Mexico, told me he'd lived and worked in San Francisco, Seattle, and Dallas but chose Vallarta for his home, the place to buy his house, and the place to raise his family. Why? Because of lower taxes, the amount of his time it takes him to make a living, and because of the temperature or climate. I can't say that I blame him. And here is the reason why. Each of the three things mentioned here add value to Alex's life! And value is wealth!
Which of you couldn't use more time, pay less taxes and enjoy a beautiful climate? It's because of the value these things add to Alex's life; paying less taxes, having more of his time for himself while living in a great climate certainly allow him to have more control over his currency. And that spells wealth! You see Alex is wealthy though he may not own all the things that Americans think you need to own. And that is because Alex, and now to some degree even the Mexican government, have learned something which many US citizens could benefit from and that is money is not wealth! No matter how much of it you own.
I can help you to learn how to control your own currency so that the titanic theft or transfer of wealth which is occurring rapidly in your economy is decelerated. In the meantime you'll be wealthier because you'll have learned how currency control produces real wealth for you and the ones you love.
By Tomas McFie