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Author Topic: Hey I am new to Economics can someone explain this to me? Wells Fargo and JP Mor  (Read 330 times)
thehun
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June 11, 2019, 01:17:34 PM
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https://twitter.com/business/status/1132058073512722432 JP Morgan
https://twitter.com/business/status/1132056221316517889 Wells Fargo

I don`t understand this stuff I am a farm boy, I work, plant seed, create life, create value, bring it to market, sell for scam money that I buy other stuff with, sometimes I just trade the fruit for other stuff. I don`t understand all this stuff, please helpa me.
The tweet you see there is just as it is, they have already explained it all. Trumps comments are what's keeping the stock market stable, that's what they are saying. But I don't get what you mean by producing and selling your farm produce for a scam money?? What are exactly are you calling scam money?? Is it fiat?? Sorry but that shows you know nothing, because there is nothing as such. Even the cryptocurrency you're talking about that you think is best is very volatile. If you think the dollar you're using is a scam then why not switch to cryptocurrency and stop making use of fiat? I know you wouldn't, because you know that you can wake up the next day and all your money are gone.

Any person who wants to sell his produce in a global market today needs to accept fiat payments (unfortunately). You may be able to sell a few fruits here and there with crypto but at a larger scale it just doesn't work yet. I believe what he means with "scam money" is a centralized currency that you don't control, and that any day can be easily confiscated by the emitter (not the case with crypto).
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