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Author Topic: No, we pay you to lend money from us.  (Read 131 times)
jackg (OP)
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November 22, 2018, 08:35:47 PM
 #1

https://www.reinisfischer.com/highest-deposit-interest-rates-europe

I found this article online and it seems to suggest that the European Central Bank are charging negative interest. Greece should’ve taken out a huge loan at that time... Grin.

I don’t understand the point in inflating a currency randomly and why not find a. Ether way to circulate it than giving it to the richest of people (the bank ceos).
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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November 23, 2018, 01:22:59 PM
 #2

https://www.reinisfischer.com/highest-deposit-interest-rates-europe

I found this article online and it seems to suggest that the European Central Bank are charging negative interest. Greece should’ve taken out a huge loan at that time... Grin.

I don’t understand the point in inflating a currency randomly and why not find a. Ether way to circulate it than giving it to the richest of people (the bank ceos).

The system and mandate was designed in such a manner that richer should remain at least rich even in the worst days of economic instability. Mario Draghi, the President of ECB, had been an all-time-puppet of Angela Merkel who used to do as directed, never had the courage to take any big decisions on his own and they're not spreading much to the poor and not even the older ones (like pension) citing that young aged are looting over their elders (the old people) which is just an excuse to brainwash everyone and make them follow what they've prepared for them.

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dothebeats
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November 23, 2018, 09:08:21 PM
 #3

The system and mandate was designed in such a manner that richer should remain at least rich even in the worst days of economic instability. Mario Draghi, the President of ECB, had been an all-time-puppet of Angela Merkel who used to do as directed, never had the courage to take any big decisions on his own and they're not spreading much to the poor and not even the older ones (like pension) citing that young aged are looting over their elders (the old people) which is just an excuse to brainwash everyone and make them follow what they've prepared for them.

That doesn't sound too good. They are one of the reasons why there will never be an improvement on the financial state of some people; they are deliberately diverting money towards the rich and cutting off opportunities for the poor, resulting into a greater division between the said classes. If people like Merkel and Draghi are in control of institutions that are supposed to help people, we'll never advance and only the rich will have the best opportunities laid out on a silver platter.

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November 23, 2018, 09:36:12 PM
 #4

They are one of the reasons why there will never be an improvement on the financial state of some people; they are deliberately diverting money towards the rich and cutting off opportunities for the poor, resulting into a greater division between the said classes. If people like Merkel and Draghi are in control of institutions that are supposed to help people, we'll never advance and only the rich will have the best opportunities laid out on a silver platter.

I understand that way of thinking, but if after decades the situation hasn't changed one single bit, it should be clear that it never will. Complaining about the system is easy, trying to lift yourself out of poverty isn't, which is why most people don't even attempt it. I'm sure many of them don't even know where to start because they lack economical understanding. People for that reason just accepted that the situation is as it is.

That's why I like Bitcoin. It makes people become interested in economics and at the same time makes them aware of how rotten the system really is. Money is getting worth less by the month, and current levels are the perfect moment to stock up on Bitcoin. Buy the market all the way down before your fiat currency loses so much value against the dollar, that you regret not having bought sooner.
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