Just a friendly reminder....

[jjjfff]

...that your everyday money is toy money printed by bankers, for bankers.

Your entire professional existence revolves around getting paid in a little green token that bankers can print for themselves freely.

[1715297255]

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[jjjfff]

By the way, how many of you made U$ 31 million last year?

https://www.businessinsider.com/jpmorgan-ceo-jamie-dimon-just-got-a-31-million-salary-2019-1

[virendarnagpal]

The Bank notes issued by central bank is Promissory note issued by the issuing bank to pay the bearer on demand.  The credibility of the issued note not only backed by the issuing bank but it's credibility also backed by the government of that country. 
So the value of the note is not just a peace of paper but goodwill of the government of the country.

[jjjfff]

The FED and their buddies are printing money again!! Guess what the stock markets do when the FED prints money!! You get magical stock market bull runs! Print money, buy stocks, stocks go up. What can go wrong?!



Duh! You can't stop printing money in a ponzi scheme, stupid!

[Ozero]

The Bank notes issued by central bank is Promissory note issued by the issuing bank to pay the bearer on demand.  The credibility of the issued note not only backed by the issuing bank but it's credibility also backed by the government of that country. 
So the value of the note is not just a peace of paper but goodwill of the government of the country.

At the same time, not all residents in different countries directly depend on dollars and not all national money of states is inseparably dependent on the dollar. A dollar is not all paper money. Unlike the dollar, the national money of other countries depends on the gross income of a country and its gold and foreign currency reserves. The dollar is really now a piece of paper that you can print as much as you like, because it does not depend on the US economy. However, the dollar is an exception, it does not characterize the cash of the states since 1970. Since it does not interact with the US economy, it is difficult to call him money in this regard, although it performs the function of money.

[exstasie]

The FED and their buddies are printing money again!! Guess what the stock markets do when the FED prints money!! You get magical stock market bull runs! Print money, buy stocks, stocks go up. What can go wrong?!

I'm not complaining! Bull markets are much easier to ride. Just buy every dip, then proceed to roll stop losses higher and higher into profit. The post-2008 stock market has been an endless gravy train.

Duh! You can't stop printing money in a ponzi scheme, stupid!

I don't doubt what you're saying, but I've also been hearing it for decades now. When will it actually collapse?

[jjjfff]

It's a ponzi. Inflation is part of the system design.

The FED and their buddies are printing money again!! Guess what the stock markets do when the FED prints money!! You get magical stock market bull runs! Print money, buy stocks, stocks go up. What can go wrong?!

I'm not complaining! Bull markets are much easier to ride. Just buy every dip, then proceed to roll stop losses higher and higher into profit. The post-2008 stock market has been an endless gravy train.

Duh! You can't stop printing money in a ponzi scheme, stupid!

I don't doubt what you're saying, but I've also been hearing it for decades now. When will it actually collapse?

You can ride it until it blows up.

When will it collapse? As soon as growth is no longer exponential.

Like every ponzi scheme, it requires exponential growth of the user base in order to stay afloat. When production and/or human births and workforce no longer grow exponentially, the collapse is inevitable.

They can't print more money to pump the markets unless there's more people (slave workforce) to keep the system running.

[biskitop]

but inevitably, the economy cannot run without a medium of exchange, and now the legal exchange rate in all countries in the world is paper money. so we can't refuse it.

[nur rochid]

but inevitably, the economy cannot run without a medium of exchange, and now the legal exchange rate in all countries in the world is paper money. so we can't refuse it.

the government holds the main role, so that as citizens we must obey the rules that have been made by the government. and fiat currency has been recognized throughout the country so we must use it

[el kaka22]

Governments (and even our creator or God) are always careful on making us active and hard working. This is a balanced world and it should be working how it is already being. I am not against communism nor socialism but I support; work hard for food.

If everyone is able to mint gold in their bedroom then why an Uber driver will pick you up by 12 AM mid night in an airport or why should I be writing here by scratching my lazy-poor mind ? We are all working hard for a balanced world. Your money is not meant for holding. It is designed to spend on everyday's needs. Governments want a cyclic movements involving working hard and get rewarding. Hard workers are able to get money and save money. Your savings may buy you some deflationary things like properties/bullion and in modern era bitcoin. Only these things will gain value over time and it does not mean lazy people are making easy money. They got brain to invest into them and finding reward for holding them. Still, a balanced system.

Imagine, if your government prints money and gives all the people in your city each $1000/$2000 which is enough for a luxury life for a month and they promise for same money for every month. Will you get your milk pocket delivered on your door step there after ? Your street corner super market will be shut down as its owner plans for a long vacation.

Someone or something is needed to make all of us to run after something so that everyone in this world will be busy (for not disturbing others ) hence the system will remain intact. Government is taking care of that "needed thing". They got power hence they are influencing in making this world to be balanced, it is being done through printing money as of now.

[Kakmakr]

We have seen in 2008, what happens when Banks mess with money supply and it nearly caused a global economic collapse. Fractional Reserve Banking also created money from thin air and that is what governments are doing with their toilet paper <fiat> money.

We only need to look at Zimbabwe as an example of what can go wrong, if politicians continue on their self-destruction behavior to print more money. We are once again looking down the barrel of the gun and the politicians have their finger on the trigger.  

[semobo]

Reminder is don't trust the banks because they want us to trust them but they are not going to make any benefits for us in the long term they just used as a tool to make money for them. How long we are going to work for this paper printed by them wake up guys more for decentralization and get real money.

[Dreamchaser21]

but inevitably, the economy cannot run without a medium of exchange, and now the legal exchange rate in all countries in the world is paper money. so we can't refuse it.

People are more educated now since the invention of cryptocurrency and maybe in the future we will just fiat money on our some transactions. The inflation kills the value of money, and the Government can print anytime they one this is a clear manipulation just to make window dressing for some country but in reality they are reach enough to stop poverty and yet, they are not making any move seriously.

[Coyster]

It may be hard to accept but the use of fiat currencies are invaluable and no matter its bad sides it's what keeps our nations running,its what boosts the economy and is the acceptable medium of exchange in our various countries,for now bitcoins is a long,long way away from being a medium of exchange mostly due to its volatility and the unwillingness of its users to adopt it based in that particular use case,they mostly prefer it for"buy and hodl" which is wrong

[kolesozw]

Today all fiat money are one big ponzi, not only the Dollar. And the game will continue until there is some level of trust in the country behind the note.
It will be a pure disaster afterwards and I suggest you to read "The Sovereign Individual: How to Survive and Thrive During the Collapse of the Welfare State" for just in case.

[Naida_BR]

The FED and their buddies are printing money again!! Guess what the stock markets do when the FED prints money!! You get magical stock market bull runs! Print money, buy stocks, stocks go up. What can go wrong?!



Duh! You can't stop printing money in a ponzi scheme, stupid!

Rich people just getting richer. And the point is that the low-class citizens are going to pay for their earnings. Capitalism is a vicious cycle that can't help low and middle classes. Instead, they print money to serve bailouts in order to save their own ponzi system.

[cizatext]

...that your everyday money is toy money printed by bankers, for bankers.

Your entire professional existence revolves around getting paid in a little green token that bankers can print for themselves freely.

Well the faint paper money is not just a tool in the hands of the bankers but a security holding and also a legal tender because the authority bank it up, despite the fact that we are promoting digital currency we most also not fail to acknowledge the place of the legal currency and as the traditional currency.

[gentlemand]

As long as other people accept it for the things I require to stay alive it's absolutely fine with me.

If you need to preserve your wealth there are many options available beyond it. Hopefully crypto will become one of those go to choices for the many in time.

[exstasie]

As long as other people accept it for the things I require to stay alive it's absolutely fine with me.

If you need to preserve your wealth there are many options available beyond it.

That's my position too. I'm skeptical of the long term viability of fiat money, and I also know if USD were to collapse, the economic fallout would be catastrophic. It's good to hedge against that possibility by diversifying into sound money assets, but it's also good to realize that basically everyone is screwed in that kind of collapse, just to varying degrees. There is no perfect hedge.

In the meantime, dirty fiat money is what everyone else wants, so good luck to anyone trying to escape it.

[Indrawan77]

Exactly, fiat is no longer a good option for investment, the inflation rate is getting higher and higher each year, and the bankers could print out they money if they think it's necessary, so we need to find other option to preserve our wealth, each year the value of the fiat is sliding down, maybe crypto, real estate or gold will be a better option