Just a friendly reminder....

[Kimonoe]

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.   

but one thing must be understood is that we live under their rules. of course we will not be able to break it because there must be sanctions that must be borne. hopefully with the adoption of many governments who are aware that there is no commotion

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[arpon11]

...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.

It is really sad that we are been manipulated and the banks and our governments Conspire against us.  I started to read a book written by Robert T.  Kiyosaki recently and the tittle is "Conspiracy of the rich" it is from this book that I began to understand how the money we are working for the whole of our life is been channel to enrich the rich.  This rich men control almost all the central bank of the world and they can easily print money as they want and that is the same money we workhard to get.

[uneng]

We are living in a ponzi scheme society and there is no way to avoid this reality. We may try to avoid the devaluation of our money by exchaging fiat into properties, but then we will have to pay a lot of taxes, what will also "eat" our invested money.
On the long run there are serious chances of depreciation in our properties investments too, considering the money we have to have to maintain it. Is crypto currency a solution for this issue? Only time will tell.

[michellee]

We are living in a ponzi scheme society and there is no way to avoid this reality. We may try to avoid the devaluation of our money by exchaging fiat into properties, but then we will have to pay a lot of taxes, what will also "eat" our invested money.
On the long run there are serious chances of depreciation in our properties investments too, considering the money we have to have to maintain it. Is crypto currency a solution for this issue? Only time will tell.

I think cryptocurrency will solve the issue, but I don't know exactly how it could help the financial in the country. As you said, only time will tell, and maybe the government will try to use cryptocurrency in one sector first so they can see how good the results. And if the cryptocurrency can solve the issue, then I think they can apply to another sector. But that still too far to see it will happen.

[Betwrong]

~It is really sad that we are been manipulated and the banks and our governments Conspire against us.  I started to read a book written by Robert T.  Kiyosaki recently and the tittle is "Conspiracy of the rich" it is from this book that I began to understand how the money we are working for the whole of our life is been channel to enrich the rich.  This rich men control almost all the central bank of the world and they can easily print money as they want and that is the same money we workhard to get.

There is no conspiracy of the kind you've mentioned. Banks and governments are not united in some kind of struggle against working people, but rather those institutions are competing with each other, and they are more like enemies to one another than friends. It's just the capitalist economic system works this way, and we have nothing better yet, so we have to endure it.

Regarding Robert Kiyosaki, it's funny you've mentioned him in this context, because he is the rich. If anything, I would blame him in attempts to keep the slaves stupid, because, being educated himself, he published his book, If You Want to Be Rich and Happy, Don’t Go To School, encouraging parents not to send their children to college and make them enter the real estate business instead.

[deisik]

Regarding Robert Kiyosaki, it's funny you've mentioned him in this context, because he is the rich. If anything, I would blame him in attempts to keep the slaves stupid, because, being educated himself, he published his book, If You Want to Be Rich and Happy, Don’t Go To School, encouraging parents not to send their children to college and make them enter the real estate business instead

Kiyosaki is a con artist

And his wealth comes not from his supposed real estate investments and operations (which no one knows about, just in case) but rather through his books and seminars of very dubious value. That wouldn't be an issue and big deal in itself if they really helped anyone to become rich but so far it looks more like they are mostly helping him, financially. As someone ironically noted, his books contain "much wrong advice, much bad advice, some dangerous advice, and virtually no good advice". So be careful what and whose books you read as something may stick after all

[jjjfff]

~It is really sad that we are been manipulated and the banks and our governments Conspire against us.  I started to read a book written by Robert T.  Kiyosaki recently and the tittle is "Conspiracy of the rich" it is from this book that I began to understand how the money we are working for the whole of our life is been channel to enrich the rich.  This rich men control almost all the central bank of the world and they can easily print money as they want and that is the same money we workhard to get.

There is no conspiracy of the kind you've mentioned. Banks and governments are not united in some kind of struggle against working people, but rather those institutions are competing with each other, and they are more like enemies to one another than friends. It's just the capitalist economic system works this way, and we have nothing better yet, so we have to endure it.

Regarding Robert Kiyosaki, it's funny you've mentioned him in this context, because he is the rich. If anything, I would blame him in attempts to keep the slaves stupid, because, being educated himself, he published his book, If You Want to Be Rich and Happy, Don’t Go To School, encouraging parents not to send their children to college and make them enter the real estate business instead.

You'd be right if it weren't for one slight detail: central banks is where the union between banks and governments happens.

If banks were totally isolated from government you'd be right. But they aren't.

The chiefs of monetary policy (printing money) in the world's largest economies are....private bankers! The Fed is mixed, totally independent and almost private but subject to US Congress oversight.  Anyway, Congress will never mess with the Fed.

The fact that the world is sitting on hundreds of trillions of dollars in debt that will never get paid should have been dealt with by Congress. It's a threat to the US itself if its currency becomes a joke. But nobody ever reigned the bankers in, quite the contrary, when the bankers destroyed the system, the government bailed them out.

The central banking system is a ponzi which feeds on newer generations. Young blood is needed to keep the pyramid going.

[moynul2050]

physically, FIAT currency is indeed worthless and as if it would be very easy to be made as good as possible for certain personal or group interests, but currency printing is regulated by the government so that it will be very strict and not carelessly people can print money without the country's government permission .

[Ranly123]

...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.

Does this mean we should be watchful on our Fiat money which we are using everyday?

[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

Does this mean we should be watchful on our Fiat money which we are using everyday?

What do you mean by that?

Federal reserve notes replaced "true" dollars in 1930's, and while technically those old dollars should still be accepted (I'm not 100% certain, so bear with me), their real value by far exceeds their nominal value now, so you are unlikely to ever see these dollars in circulation again. Apart from that, as a rule thumb, you shouldn't store your savings in fiat, be it American or whatever dollars or not dollars at all

[Betwrong]

~It is really sad that we are been manipulated and the banks and our governments Conspire against us.  I started to read a book written by Robert T.  Kiyosaki recently and the tittle is "Conspiracy of the rich" it is from this book that I began to understand how the money we are working for the whole of our life is been channel to enrich the rich.  This rich men control almost all the central bank of the world and they can easily print money as they want and that is the same money we workhard to get.

There is no conspiracy of the kind you've mentioned. Banks and governments are not united in some kind of struggle against working people, but rather those institutions are competing with each other, and they are more like enemies to one another than friends. It's just the capitalist economic system works this way, and we have nothing better yet, so we have to endure it.

Regarding Robert Kiyosaki, it's funny you've mentioned him in this context, because he is the rich. If anything, I would blame him in attempts to keep the slaves stupid, because, being educated himself, he published his book, If You Want to Be Rich and Happy, Don’t Go To School, encouraging parents not to send their children to college and make them enter the real estate business instead.

You'd be right if it weren't for one slight detail: central banks is where the union between banks and governments happens.

If banks were totally isolated from government you'd be right. But they aren't.

I'm not saying there is no union between banks and governments. I'm saying there is no conspiracy against working people.

The central banking system is a ponzi which feeds on newer generations. Young blood is needed to keep the pyramid going.

You can call the capitalist economy a ponzi scheme, a pyramid or whatever, and you may be right in a way, but this is the best economic system we've got so far. And criticizing it all the time, putting FUD in people's minds is a nonconstructive thing to do, I would say. Invent something better, write a book about it, or explain it on youtube, and maybe you'll become a new Adam Smith or a new Karl Marx(we don't need the old one since his theories don't work in practice), or maybe you'll propose an entirely different economic system which will suit the modern time better than all the others. ... And of course, having no good alternatives in mind you can still berate the existing system, because we have freedom of speech. But I think it is non-constructive.

[BeGoods]

Yes, that is the case, money is printed continuously without any limit on the maximum amount of printing, it is different with bitcoin which already has rules from the start that the bitcoin is limited in number, from time to time the number of bitcoins decreases until there is no bitcoin that can be created. This of course will be very potential if we choose bitcoin for us to invest in the long term.

Hey dude, every central bank in every country cannot print banknotes whatever they want, they have an audit institution and if they are printing freely they will certainly result in their money being worthless, so circulation of the money will be maintained by the central bank in every country to maintain the value of the currency.
but the world financial system is fooling us. money is only likened by paper which is valued by that country, and at any time can be worthless

[el kaka22]

I think the fact is that fiat doesn't have to be backed by anything, it could literally backed by the governments and not the federal reserves. "Federal" reserve is literally a private bank that is getting its power by the government and it doesn't matter which president or which party is in power because they all control the federal reserve the same way and not differently, by using it to empower their nation over other nations regardless of what happens to the citizens of their country.

If one dollar is one dollar and backed by USA government than you can trust it more than you trust gold because believe me if there is one thing usa cares about more than spending trillions on useless wars that is their power over all other countries and they won't let that go for some non backed paper for sure.

[jrrsparkles]

Yes, that is the case, money is printed continuously without any limit on the maximum amount of printing, it is different with bitcoin which already has rules from the start that the bitcoin is limited in number, from time to time the number of bitcoins decreases until there is no bitcoin that can be created. This of course will be very potential if we choose bitcoin for us to invest in the long term.

Hey dude, every central bank in every country cannot print banknotes whatever they want, they have an audit institution and if they are printing freely they will certainly result in their money being worthless, so circulation of the money will be maintained by the central bank in every country to maintain the value of the currency.
but the world financial system is fooling us. money is only likened by paper which is valued by that country, and at any time can be worthless

No one actually knows on what basis those central banks were printing the money,if they are maintainig right money to be printed then why inflation keeps increasing every year?

This is actually like a toy money but said to have value and the whole world is trusting it and running behind it to get it.

[fiulpro]

Yups the same blueprint is used every where

We have one authority which prints getting support from the mini influencial companies having a lot of money , then there is one token being distributed all around going to people , but the only thing that is different in Bitcoins is , everything is true here but there is no intervention of the main authorities anymore , we can make miners the supporting authorities, at the end one token exists, be it money or cryptocurrency all have the same blueprint.

[usorin]

It is true, we dedicate our live for paper and nothing more, perhaps it is time to remember what is the reason of living, we should exist for the people around us and not for money or any other valuable asset. It is incredible what banks can make with a piece of paper.

[1Referee]

No one actually knows on what basis those central banks were printing the money,if they are maintainig right money to be printed then why inflation keeps increasing every year?

Makes me really wonder if central banks actually know how much money they have in circulation right now. If you print money left and right for decades now, I am sure that a few hundred billion or perhaps a trillion is floating somewhere in the world banking system under the radar. There is zero transparency which allows fraudsters aka banksters to prop up the economy with hot air money.

Some legacy investors even praise the federal reserve's ability to print money endlessly, therefore the US economy will never implode. So silly.

[LeGaulois]

In order to save banks, laws allow states to seize citizens' accounts as a last resort and their gold too, after ripping off companies and the riches (but as they have already gone long ago where taxes are more friendly). If there is something that could "reset" it's not the financial system but our pockets. Not really different from bank hold-ups. Your money is stolen by force and one has nothing to say.

The money is based on credits granted by large banks. And, for example, in the United States, the FED prints dollars and exchanges them for treasury bonds to the government, in other words, the money is based on the American debt. The more banknotes printed by the FED, the more debt the citizen has.

[rijaljun]

They collect money from customers and make much money from it while offering less interest to them. I don't know whether to say that knowledge is the most important thing and that's why they (banks) can make much money, or to say that they are garbage because fooling people anytime.

[jonaire99]

So how can a cryptocurrency like bitcoin help in making economy and life of people better? Fiat, whatever the reasons, is still convenience to use these days and it is still the main chrrency that drives every nation's economy. Fiat and banks will continue to exist as long as the people need it will take time before cryptocurrency will eventually replace it.