The production of money... is SCAM!

[Dodoymabs]

Just after the financial crisis in 2009, the journalist Scott Pelley asked Ben Bernanke on the 60 minutes CBS TV show where did they get the money for the AIG bailout in march 14, 2009? was these money of the taxpayer people?

He just said:"No. It isn't money from the taxpayers. The banks has it's own accounts with the Federal Reserve as well as you can have one with one commercial bank."

He continued: "In such way, to loan to a bank, one just simply uses the computer to mark up the size of the account they had with the Federal Reserve"

So he just literally admits they create the 85,000,000,000 usd out of nowhere to rescue the private company. This isn't the way capitalism should work and it's more like socialism where everybody takes the loses  

Thats why central banks do not like and afraid with cryptocurrency like bitcoin. Bitcoin creating a transparancy in financial system and no one can change the data supply and transaction.

of course government is in control of center of government, when central bank is well established, and there is a system that is contrary to it. then it's not easy to accept it immediately

As we can slowly observed, cryptoccurrencies are being studied by the government and wanted to make some ways to somehow be more useful and just go with the flow of what the technology's main purpose. It is not that they don't accept, but finding the best solution to solve the problem in the community.

[bitcoincitr]

In every country, government is the biggest player and wouldn’t lose its control. Most of fiat money doesn't exist physically, only in a database, money is made from nothing, and literally bitcoin is used for decades. The main argument now “is it kept centralized or not?”.

[ngano ba]

The production of money in every country is not scam because there are appropriate value of the national treasury in making and producing money , because if the country intend tobproduce many money ,this will make the goods have high prices because there are a lot of supply of money in that country.

[BitHodler]

When you deposit money into your bank account, the money isn't your anymore,  You lent it to the bank with a promise from them that you can get your money back at any time

Most people don't trust themselves to take care of fund storage. In their world it's much saver to have a bank take care of their funds than themselves, and they technically aren't even wrong in that regard.

If you only have a few thousand dollars in savings you can hide it somewhere yourself, but what if you have like $250k or more? No one in his right mind would want such a large amount of money to be sitting at home.

Bitcoin is a great way to hedge a part of your net worth, but you can't go all in for obvious reasons, so there you have the bank pop up again. We depend on them more than most people think they do.

[Burogh]

USA Central banks or the FED always print paper money because they are realize USD needed in global market and USD is global currency. They print from thin air and from what i am read, they never audited and always refuse when kongress want to.

[spongegar]

Come on! Do we need proof that the government is actually screwing us over? Time and time again, these "elite" powers in the financial industry and government ca solve all the problems of the masses with a snap of a finger yet they don't simply because they'll operate on a loss rather than have an income over it.

[KingdomHearts]

You can not print money endlessly. This approach is completely contrary to the laws of economics and will inevitably lead to a depreciation of the currency.

Of course the solution is never the printing of money for ultimately it results in the inflation and in many cases the hyper inflation and since every country knows it is not easy to deal with the hyper inflation, they keep a limit to the printing money.

Something that can promote the GDP of your country is the production of goods and services and this helps tackle both inflation as well as unemployment and ultimately enhance exports which further results in a surplus balance of payments.

[squog]

I don't think it is actually in thin air. Such an amount is ridiculously huge that it could damage the marekt even more if such an amount was allowed to circulate. But i digress, we should know that the people who made the market collapse in 2009, is still the same ones in the market and even the government.

[rez303]

The production of money is not a scam. Money production is allowed only when the country is short of funds or they want to reduce their currency value. The value of a country is always well understood by the organization and any action taken by each country is closely monitored. So I do not think it's a scam.

[Yara1]

No it does not literary mean that the money is created out of no where what it means is that banks are made to deposits certain amount of money with the federal reserve in case of future emergency so that loans and bail out can be generated from there to eas the situation.

[Indamuck]

Money is just an illusion. It's a way to keep us in slavery.  The elites can't type any number into a computer screen that they want.  They essentially have unlimited money and can do almost anything they wish.  The citizens are the ones that give money it's power by supporting it.  If we all came together and declared the USD worthless it would collapse.  It is just a faith based system.

[Bitfling]

America different with others country in the world. The Fed can always print money or adding more digits on their account because US Dollars used in the world for commodities transaction. Its true that the production of US Dollar is a scam but its happen because the world use Dollars as main currency for transaction

[okala]

The capitalism system of governments we are running is a scam and bank is the most manipulated sectors we have. That is why bank is against cryptocurrencies and blockchain technology.  The blockchain technology bring transparent into the financial system and bank including central one did not like a decentralized system were they did not have control over.

[CASTIEL05]

The government is the biggest scammer and this is within their control. The financial system that been hit by this massive fraud in wall street. Oh, I forgot that mainstream media and the likes are on the same channel and part of this since they're the main information sources in our society.

Mind conditioning and paid news shelling is one of they're profiting from.

To be honest the governments were not controlling their country's money,it is controlled by their central banks that is why we call it as central banks even the government has no control over it so why we are allowing them? This sytem was found in 18th century and the creators were still following this system ad they are making all our money to decrease its value over time.

Really? I don't know who controls the money in the world and why does it lessen the value when time goes by. But I assure that governments are still in control of money since banks and government are one.
Central Banks controlled the money to circulate in economy because of inflation. They prevent the economy to experience inflation. Banks regulate the money so that the economy become stable in a long run.

[Indrawan77]

Yeah there is so many flaw in the fiat system and each year the fiat rescue no one because the inflation is keep on rising, the more government act the worse the condition become, that is why some people doesn't want to invest in fiat anymore because the interest is way down than the inflation, crypto is the best solution for this money scam, in bitcoin there are no one could print any bitcoin anymore and inflation doesn't affect on bitcoin

[Neilobit]

The Government prints money to exit scam

[junglist.massive]

Doing things like this is natural for them, it would seem reasonable to consider the impact will give a strong influence. The disgrace of the government and everything in the country shouldn’t spread widely as much as possible because it will affect the government's agenda, whether its obstruction or break the news chain openly or subtly and therefore there is the term "too big to fail".
Like it or not that's what happened, what can you do?

[Thanasis]

The Government prints money to exit scam

No they were making money from nothing,so they are getting benefits from us by paying some paper printed with some leader faces,they made us to believe that this paper has worth but actually not.

[jademaxxiss012]

Really, but the question is that how they were able to cover this or able to do things in the process of the clients know about this? Anyway all thing that work in a bank institutions are confidentials and that person is right it could jist made up to save the company. This is what happening to ICO project noe and only few made out successfully.

[Indamuck]

Money is the biggest conspiracy ever created.  99 % of people will do anything to get lots of money.  We are all enslaved to the dollar, the bankers are laughing at us like the dump sheep we really are.  Maybe one day people will wake up and realize this whole fiat banking system is a complete scam.