Since the financial crisis became full scale last September, i tried to educate myself about what really happened, where we are going and what steps i need to take towards maintaining my personal financial health. One of the outcomes of this investigation is that my distrust of paper currencies (as a medium for long term store of wealth) has increased. Blame it on the central banks who (through various debt monetization methods) have seemingly unlimited powers to create money out of thin air, or banks’ ability to lend multiple times of actual money that is deposited (fractional reserve banking), or governments’ ability to spend limitlessly simply by issuing new bonds. No body knows for sure where we are going with all this, but many pundits on the internet seem to believe that our money system is being seriously mismanaged, and it will lead to considerable inflation in the future as all the debt that has accumulated in the last few decades is simply inflated away. Although we seem to be going through a period of slight deflation now as a consequences of current credit crunch, iam in the camp that we will see inflation coming back roaring once the world economies turn around.
As a measure of diversification away from paper currencies, and to protect the value of my capital, i recently purchased a small apartment here in vizag ! As i currently live in a rented unit, i thought this is a reasonable place to park some money. So, gang, i was busy with that whole time wasting effort and that’s the reason for my long break from the blogosphere (pretty lame excuse, i agree 
). I gotta say, i din’t enjoy the whole process too much. Buying a property is the last thing that excites me in life, but sometimes one needs to attend to least priorities as well. As some readers here know, i don’t formally work now-a-days (by choice ), so i have to atleast try to preserve the value of my capital. I sincerely wish i had deployed my capital into more useful channels but this seemed like the best/quick solution for the time being. I had toyed with some ideas of starting an NGO and using this as seed money for the organization, but i don’t have concrete plans on that right now, so that’s for later.
