Just a friendly reminder....

[emulsifryer]

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.

I'm not totally against in your opinion but this link I've provided have many reasons and why most of us don't easily trust investing money in a bank.  https://www.thebalance.com/bank-failures-315791

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[ShadowBits]

...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.

If you hate FIAT so much then try to use crypto now as to pay for everything you need. We don't have to hate FIAT just because we use crypto.

[wahyu wida]

...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.

If you hate FIAT so much then try to use crypto now as to pay for everything you need. We don't have to hate FIAT just because we use crypto.

even though I hate it, but I guess you really need fiat, and you don't have enough energy to change it. we live in the country, the rules must be followed, use crypto in its place and you will be happy

[REYVAN]

I do not understand the statement that you made, because I did not really understand about the system of issuing money as well as the banking system. But reading the topic title you made seems to mean well. Looking at the facts now FIAT seems to be the first priority in the list of human life activities. Nearly 99% of human activities are shared with FIAT, even for defecation outside our homes we have to spend money.

[wuvdoll]

The weird part to me was the closeness of milk and gas prices. Do people know how we get gas and we get milk ? You can actually continue to milk the cows forever as long as cows exist and we have new cows every single day in the world which means milk is something that is infinite and can be produced forever. However, oil is something we have very little of and will only have for a while before we run out of it and that is why people are moving towards clean energy instead.

I would assume the amount of milk we could buy could potentially stay the same but apparently it went down as much as the other stuff as well. Inflation is just ONE way rich folk steal from the poor. When you have investments then you try to out pace the inflation and get richer, when you work for salary and have no investment you hope your salary is increasing faster than inflation which it never does.

[freedomgo]

Thank you for the reminder, I know banks are corrupt and as long as we trust them, they will do anything to make themselves benefit on the system they created. Bank should be transparent but they are not, they seem to underestimate people and good thing this new system we are using is slowly getting the attention of the people, if we want transparency, blockchain is a good example and real store of value.

[Sarastiche]

Fiat is still an important part of our economy, I feel cryptocurrency is here to cause a revolution in the world economy, several, Bankers feel cryptocurrency is here to take over the control of the world economy from there sector, O ver time this will be resolve as technology relevancy will prevail.

[PuertoLibre]

...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.

If you hate FIAT so much then try to use crypto now as to pay for everything you need. We don't have to hate FIAT just because we use crypto.

What about hybrid money with combining the advantages of both?
Only small percentage of world know about bitcoin and cryptocurrencies. Mass adoption is key for this purpose and there is no other solutions unfortunately. It looks like the odds stacked in favour of cryptoless alternatives.

[Oceat]

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.

Banks are backed up by the government that's why they can easily control your funds and sometimes without further notice and that's it you lost your own money. They need us to work hard for them, it's the newest way of slavery from history to let us work for them.

[gowobonyok]

if you think about it, that's the way it is. where money is printed by the bank, the people work hard to get it, and the money earned will eventually end up in the bank again when used for economic needs. this is how the country will continue to carry out its activities. is it time to switch to crypto? I think so...

[Distinctin]

Time for us to make this world more transparent, and we know crypto can make it possible.
Bankers will print if they are corrupt and enjoy the money that is already not in the circulation.

I saw a movie where money are shredded when it becomes an old bill, but there is no transparency on it, unlike in tokens or coins
that we can see in the blockchain in case devs will decide to burn it.


Sharing the movie title where you can see a scenario about money being shredded

Den of Thieves

THE HURRICANE HEIST

[adamlillian]

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!

Printing money will make the value of the dollar fall and that is a good time for us to buy more stocks. to keep the value of fiat money, that's the only way or we can buy electronic or gold money. There are many ways to increase profits.

[coinplus]

I agree with first post regarding dollar having no backing at all but I am not really seeing the point at the second post about the 31 million dollars. If we are going to argue about the fact that dollar is printed out of thin air you are certainly right and it has no backing aside from the government.

If you trust the USA government and the US Banks than you use dollar but know that globally it is starting to lose value, china even sells his USA debt papers for less than what they are worth because they want to get their money now and not later so they are selling at 60 cents per dollar rate and others who buy that are just buying it because they know in the future some day they can get one dollar for it.

Nonetheless, that 31 million is another topic, its the CEO of a huge company, even though the company is shady and one of the reasons why we are in this economic mess but what would you expect him to get 50k a year for being the CEO of JP Morgan?

[Dhanems]

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!

Awts..watch your words bro:( yeah govery can't stop printing money that's we are here to on crypto currency right...cryptooney also need a print money...you can buy fishball or Street foods using crypto? Of course NOT..so print money or fiat money and crypto currency is always accompany 😋☺️☺️☺️

[usorin]

...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.

Sometimes i have a feeling that the economy from the real world is kind of monopoly game, only that there is always the same winners.

[deisik]

...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

I think you are greatly exaggerating things here as only a minor proportion of the world population gets paid in that little green token (just as friendly a reminder to put things in their true perspective). Indeed, that is not your point (let me guess), but forgetting this simple fact makes your whole claim somewhat dubious and suspicious (or even chauvinistic, to a degree). Sorry, but the world doesn't revolve around America, though everyone loves the American dollar

Other than us, of course, who love Bitcoin more than the dollar

[fianaindriati]

...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.

Sometimes i have a feeling that the economy from the real world is kind of monopoly game, only that there is always the same winners.

actually the world economy is not. a monopoly game that you imagine. because we live in this world is temporary. yes we have to do something positive that we think is good. if for the world economy, of course we must live it with positive thinking. don't do things that are out of bounds.

[leonair]

Do you guys hate inflation? because for me it's okay for as long you are not lazy and sitting your ass all day long.

Inflation is a part of civilization of any country in the world and if you hate it then you are just stressing yourself because at the end of the day you can't control it so instead of complaining go find a way to make more money and besides the population growth of mankind on earth never stops, if you hate inflation then live on a desert island.

[cryptjh]

The ECB has spent 2.6 trillion euros ($3 trillion) over almost four years, buying up mostly government but also corporate debt, asset-backed securities and covered bonds — at a pace of 1.3 million euros a minute. That equates to roughly 7,600 euros for every person in the currency bloc.

https://www.reuters.com/article/us-eurozone-ecb-qe/the-life-and-times-of-ecb-quantitative-easing-2015-18-idUSKBN1OB1SM


So if you live in Europe then your bankbook should have grown with 7,600 euros compared to 4 years ago. if that didn't happen, then your wealth will have been deflated by ECB. But missing wealth grow are just a small part of the problem for most people, the inflations on food and every other daily expense have grown with up to 10% or more in the last 4 years, but ECB keeps claiming that the inflations are around 1,6% a year.

[exstasie]

Do you guys hate inflation? because for me it's okay for as long you are not lazy and sitting your ass all day long.

Inflation wouldn't be a big deal if the rate were very low and predictable. The biggest problem is our money is constantly being heavily devalued without public awareness, discussion, or permission. People are lead to believe inflation is slow and steady but it's quickly outpaced wage growth over the past couple decades. Wages have completely stagnated despite massive growth in the financial markets; this is Wall Street and their global equivalents leeching off our backs. In the last 10-15 years I've watched the rents around me more than double and the cost of food nearly that, but most people I know are living on marginal raises, if any. Pay is getting worse and worse in the gig economy too; Uber/Lyft and those kinds of companies keep slashing pay.

This can't go on forever.....people making less and less money that's worth less and less value everyday. Something's got to give. We've entered a new stage where each generation will probably be worse off economically than the previous.