Just a friendly reminder....

[creeps]

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.

Indeed, whether we hate it or not if we are not moving we can't earn more money that can beat inflation. Multiplying your money is the only way to beat it, and the government don't want that thing to happen as well for so many reasons. We are dealing with the inflation ever since and yet many people are still not learned from it they keep on saving money in the banks which makes them more poor because of inflation. Work with your investments now, it can be a great move to beat inflation.

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[andriarto]

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.

Indeed, whether we hate it or not if we are not moving we can't earn more money that can beat inflation. Multiplying your money is the only way to beat it, and the government don't want that thing to happen as well for so many reasons. We are dealing with the inflation ever since and yet many people are still not learned from it they keep on saving money in the banks which makes them more poor because of inflation. Work with your investments now, it can be a great move to beat inflation.

right, a lot of investment can be chosen, I think the type of investment can be chosen according to the level of risk, for example we are currently matching investment in crypto, of course we must know the risks that must be faced, but if it is not suitable, then it can choose property investment that has more risk low

[Commitments]

Your money will have less price for the future how ever you keep and save it in the bank because all or your needed will be on higher price, only way how to make your money have higher price if keep invest it in bitcoin or altcoin.

[deisik]

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.

Indeed, whether we hate it or not if we are not moving we can't earn more money that can beat inflation. Multiplying your money is the only way to beat it, and the government don't want that thing to happen as well for so many reasons. We are dealing with the inflation ever since and yet many people are still not learned from it they keep on saving money in the banks which makes them more poor because of inflation. Work with your investments now, it can be a great move to beat inflation

That's because inflation rates are below the tolerance level of most people

If these rates are in the range of 2-3 percent annually, people will continue to keep their money in banks as the convenience of banks exceeds the negative effects of inflation. Also, I'm not sure what you mean by us not moving. Do you refer to crypto here? If you do, then even the volatility of Bitcoin exceeds inflation rates in most countries, so it is actually a question of not sitting on your hands but doing something to beat inflation (read, riding this volatility to your advantage)

[Mometaskers]

SAAAAD. And there's nothing we can do about it but play along. Our savings are sure to decrease no matter what. We can try to invest them but there's no escaping the effect of that inflation.

I'm not American but I'm just curious, do other countries have the same relationship as the US with the Feds? It seems to me most countries have cental banks that are government agencies.

[buwaytress]

Since we're on the issue of promises, just also remember, every time you are investing in some new token or coin, every time you deposit your Bitcoin with some Wall Street setup promising you interest payments, or when you store your bitcoin in some vault to protect it, every time you leave your coins on an exchange... You're basically signing over your bitcoin in return for "Trust me, I'll take care of your money".

So don't get too smug telling people you've ditched fiat for bitcoin... Until you're sure you own your bitcoin.

[drgomez89]

Wow the replies of this thread are even more interesting than the original post. I have never been so aware of the inflation as ai am now in my adult hood, but yeah i prefer saving my money in crypto, at least $100 fiat monthly i started in the depresion of the last year and right now everything looks greener, i think it was a good time for doing so.

[jjjfff]

Wow the replies of this thread are even more interesting than the original post. I have never been so aware of the inflation as ai am now in my adult hood, but yeah i prefer saving my money in crypto, at least $100 fiat monthly i started in the depresion of the last year and right now everything looks greener, i think it was a good time for doing so.

I only read about how our modern financial system works after I was 30 years old.

I couldn't have imagined that our system was so childish.

We see 400 page books trying to explain wealth inequality when all you need to do is understand how money is printed to see why wealth will continue to build up in the financial sector in a 100 to 1 proportion to everyone else.

The reason? They print money for themselves! Well, Duh!

Banks went bankrupt in 2008 so they printed money for themselves. Nice eh?

If you did this in any kind of board game, it'd be called cheating. If you're the treasurer in a Monopoly game and you steal money, everyone will call you out.

But people don't call out the obvious scam in the real world. Why? Because the elephant is so immense nobody has the courage to.

These people printed over U$ 300 trillion in nonexistent value (debt that will never get paid, ever).

You work 9 to 5 for some of this money. They just print money. Bankers don't need to be concerned about weekend money, they just print a billion dollars out of thin air if they need to.

[samcrypto]

SAAAAD. And there's nothing we can do about it but play along. Our savings are sure to decrease no matter what. We can try to invest them but there's no escaping the effect of that inflation.

I'm not American but I'm just curious, do other countries have the same relationship as the US with the Feds? It seems to me most countries have cental banks that are government agencies.

Every country have their own central banks but every country have their own money on the US Federal reserve. Fiat money is just a physical money where you can cut anytime, and that’s the advantage of every government where they can really manipulate inflation. If you want to beat inflation then investment is the option.

[Bunsomjelican]

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.

You are definitely correct on that mate, We don't any benefits from the bank actually, they are just using our money for them to have profit to their company. Then in the long run, they can able to freeze your account if you didn't comply their requirements for you, on which is always happened to their clients users.

[Yakamoto]

SAAAAD. And there's nothing we can do about it but play along. Our savings are sure to decrease no matter what. We can try to invest them but there's no escaping the effect of that inflation.

I'm not American but I'm just curious, do other countries have the same relationship as the US with the Feds? It seems to me most countries have cental banks that are government agencies.

Every country have their own central banks but every country have their own money on the US Federal reserve. Fiat money is just a physical money where you can cut anytime, and that’s the advantage of every government where they can really manipulate inflation. If you want to beat inflation then investment is the option.

Investments in anything outside of fiat is the only option to beat inflation. That's why "rich" people are rich, they invest in things that can make them money. It also helps them retain purchasing power and, by extension, wealth. You'd be challenged to find a billionaire who actually has close to a billion dollars in liquid fiat.

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.

You are definitely correct on that mate, We don't any benefits from the bank actually, they are just using our money for them to have profit to their company. Then in the long run, they can able to freeze your account if you didn't comply their requirements for you, on which is always happened to their clients users.

Casual reminder that the "federal" bank in the United States is a privately owned company where no-one but actual shareowners are sure of who has partial ownership of the company.

The monopoly on force is what makes a government a government, and being able to freeze accounts is essentially something done to retain that monopoly. It all comes down to the capacity of the government to commit violence.

[Adriano2010]

Well people need money for anything, to buy clothes, food, or any other thing and yes, governments and banks can print as much money they want if they need, but if they drop them on market can destroy and economy over time.

[BitHodler]

Well people need money for anything, to buy clothes, food, or any other thing and yes, governments and banks can print as much money they want if they need, but if they drop them on market can destroy and economy over time.

That has been the case for decades already. It's called inflation. I found it quite hilarious how the ECB admitted that they can freely create money to buy assets, which basically means anything they want.

In times where Bitcoin is digging into mainstream adoption you would expect them to be more careful about their choice of words, but it seems that they still don't get why Bitcoin exists.

I wonder if central banks actually know how many of their fiat they pumped in circulation throughout the last couple of decades. At one point you expect them to no longer have accurate figures about how badly inflated their currency is.

[shinharu10282016]

SAAAAD. And there's nothing we can do about it but play along. Our savings are sure to decrease no matter what. We can try to invest them but there's no escaping the effect of that inflation.

I'm not American but I'm just curious, do other countries have the same relationship as the US with the Feds? It seems to me most countries have cental banks that are government agencies.

They really just have no other options but to trust banks you know. The effect of inflation doesn't just affect the interest on loans but also those necessary commodity.

I think not manu people in the world know about that so we shouldn't expect too much since money is what makes everything in this world work.

[Xampeuu]

SAAAAD. And there's nothing we can do about it but play along. Our savings are sure to decrease no matter what. We can try to invest them but there's no escaping the effect of that inflation.

I'm not American but I'm just curious, do other countries have the same relationship as the US with the Feds? It seems to me most countries have cental banks that are government agencies.

They really just have no other options but to trust banks you know. The effect of inflation doesn't just affect the interest on loans but also those necessary commodity.

I think not manu people in the world know about that so we shouldn't expect too much since money is what makes everything in this world work.

the government is working on this. the more people who save in the bank, of course, is a positive thing for banks to play money from customers. and this is not in accordance with the profits they get, because bank interest is still consumed by inflation

[rachellee]

We become unaware puppets of governments and banks, adjusting to the inflation and deflation which they make whenever they want. That is our role in this economy as common people. Inflation is good at the onset but hyperinflation is another story. Soon, if this trend of printing continues, households will have more cash to spend on goods, rendering money worthless.

[Crypdon]

Let them print 20 trillion dollars to wipe out their debt. The only useful currency will be one backed by software and mathematics. Bitcoin will be a global currency soon enough

[Betwrong]

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?!
~

It looks like you do understand how it works, huh?

What can go wrong? Well, many of things. But, paraphrasing Winston Churchill's words on democracy, capitalism is the worst economic system, except for all the others.

Maybe someday in the future, we'll come up with a better solution, by virtue of blockchain technology, for example. But for now we are bound to use this economic system for lack of anything better.

[Yamifoud]

We become unaware puppets of governments and banks, adjusting to the inflation and deflation which they make whenever they want. That is our role in this economy as common people. Inflation is good at the onset but hyperinflation is another story. Soon, if this trend of printing continues, households will have more cash to spend on goods, rendering money worthless.

We are just a puppet of the government before but the system is changing now, we are the boss. We all just become unaware of what is happen around if we didn't care of our future but we are, and we don't to go along with the flows.
If we all through into blockchain technology maybe they couldn't do it again.   

[alyssa85]

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.

Indeed, whether we hate it or not if we are not moving we can't earn more money that can beat inflation. Multiplying your money is the only way to beat it, and the government don't want that thing to happen as well for so many reasons. We are dealing with the inflation ever since and yet many people are still not learned from it they keep on saving money in the banks which makes them more poor because of inflation. Work with your investments now, it can be a great move to beat inflation

That's because inflation rates are below the tolerance level of most people

If these rates are in the range of 2-3 percent annually, people will continue to keep their money in banks as the convenience of banks exceeds the negative effects of inflation. Also, I'm not sure what you mean by us not moving. Do you refer to crypto here? If you do, then even the volatility of Bitcoin exceeds inflation rates in most countries, so it is actually a question of not sitting on your hands but doing something to beat inflation (read, riding this volatility to your advantage)

This is the right answer. It tends to be countries like Zimbabwe, Venezuela etc which are most interested in bitcoin as a store of value (as opposed to a token that you can buy stuff with).

The only groups interested in bitcoin as a way to move money (payment processing) are the remittence providers.