Bank create money out of thin air faster than you!

[Kakmakr]

It is actually Inflation that is killing your buying power and not just the Banks, printing all that toilet paper money.    The Reserve Banks have to juggle the local economy to create a perception that the economy are growing, because it attracts foreign investments and it also keeps them in power, if they can keep the voters happy.

The continuous printing of money are based on a complex system of demand for liquidity and economic stimulus to boost the local commerce and trade. Luckily for us, Satoshi fixed the total coin cap, so we know that nobody can manipulate the supply of tokens. We also know that the whole system is built on scarcity, so the coins should increase in value over time, as less coins are mined and demand increase. 

[justdimin]

There is a great story called "I want the earth plus 5% more" by Larry Hannigan which explains this situation better than anyone else I have ever seen with a bit of futuristic but becoming more and more reality future part involved as well. Basically banks and the federal reserves are friends and they are doing this to get richer and richer everyday in spite of the world not getting any richer at all.

You may think that humanity is richer nowadays compared to 2000 years ago thanks to more fair living and no slavery (sort of) and better technological advancements and all that but believe me those banks and reserves are working to make sure that gap once again opens wide enough that we may be considered slaves right now, 90%+ of the world would die if they do not have any money at all for over 1 year, collective poverty results with death (look at Venezuela) so they are just making sure we have juuuust enough to not rebel or die.

[Findingnemo]

^^But what you can do to change these things?

We can't do aything other than what our goverment asking us to do even in democracy the rights are limited so you can use their money or don't use them.

Thanks for explaining this complicated oppressive act in simple terms and formula. I appreciate it and it helps us to understand the real face of today's governments who are acting together to make the rich richer and themselves along with it and we need to replace it with a system which is ideally very similar to what crypto can offer.

Not the banks only governments do.

This may be meaningless. But we can create awareness and we will have miracle very soon.
Don’t we have satoshi stand up against the threat?
By creating more awareness, we are helping to create more satoshi among us, with enough satoshi around us, we would see change coming.
The change is very little, that’s why we need to create more awareness,  with the advance of social media, we can create awareness much faster, however nobody would want to make it easier for you to create awareness, they want to censor your voice by passing garbage bills through Congress, the entire internet is in very bad shape today, we have been spammed with both side of a story and many more. But in the early day, internet was very simple, we have more intelligent discussions way back in the time, by now most people have been tame down to IQ 50, and they can’t tell which one is real.

That is why bitcoin was created but we (most of crypto users) see it as an investment so it never going to change any freedom to the usage of money until people realize and change themselves to a better payment system.

The education system teaches growing generation about how to be a slave (salaried job) and this is the ultimate goal of your life.

[jjigoku]

There is a great story called "I want the earth plus 5% more" by Larry Hannigan which explains this situation better than anyone else I have ever seen with a bit of futuristic but becoming more and more reality future part involved as well. Basically banks and the federal reserves are friends and they are doing this to get richer and richer everyday in spite of the world not getting any richer at all.

You may think that humanity is richer nowadays compared to 2000 years ago thanks to more fair living and no slavery (sort of) and better technological advancements and all that but believe me those banks and reserves are working to make sure that gap once again opens wide enough that we may be considered slaves right now, 90%+ of the world would die if they do not have any money at all for over 1 year, collective poverty results with death (look at Venezuela) so they are just making sure we have juuuust enough to not rebel or die.

I guess to live right now feels exactly like you described it. It is everyday battle between big govs /banks and regular people, citizens, users.
Its our fight we have to take in order to keep the balance. We don't want banks to get over the control, because it will fall economy apart and people will come up with new currency to use.
If people will get rid of banks there will be loan sharks anyway

[Google+]

It is actually Inflation that is killing your buying power and not just the Banks, printing all that toilet paper money.    The Reserve Banks have to juggle the local economy to create a perception that the economy are growing, because it attracts foreign investments and it also keeps them in power, if they can keep the voters happy.

well this is indeed the work and goals of banks, they are the beginning of the creation of banks trying to control the world economy they create inflation without the knowledge of many people, only the people who have a clear mindset and understand the economic concept that will understand that the bank has made massive inflation.

they make an item in their country cheap and can even make no more value because they are free to print as much money as the bank wants.

[deisik]

*Therefore it's only the government that can print more money , but at the risk of decreasing the relative price of their own currency which in turn affects the market drastically.

AFAIK,only banks print their local currency but under the laws given by the respective government, OP is right but not entirely,Banks are creating money out of thin air but gradually so purchasing power decreases every year by negligible amount if we calculate them for a decade it will turns out to be big

Banks are not allowed to print their own currency

But they don't need to in the first place. In the modern economy money exists in many forms, and only a small part of it (so-called base money) exists as circulating bank notes and coins as well as cash in the vaults of commercial banks and the central bank. The rest of what goes as money in the economy (remember, money is what money does) is created directly by commercial banks. Really, why would any bank want to create its own currency if it is officially allowed and encouraged to create what is considered legal tender by the state itself?

[Broly46]

It is actually Inflation that is killing your buying power and not just the Banks, printing all that toilet paper money.    The Reserve Banks have to juggle the local economy to create a perception that the economy are growing, because it attracts foreign investments and it also keeps them in power, if they can keep the voters happy.

The continuous printing of money are based on a complex system of demand for liquidity and economic stimulus to boost the local commerce and trade. Luckily for us, Satoshi fixed the total coin cap, so we know that nobody can manipulate the supply of tokens. We also know that the whole system is built on scarcity, so the coins should increase in value over time, as less coins are mined and demand increase. 

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I can agree it’s some sort of inflation, the bank is always secretive with every decision they made, their account book is full of magical numbers and magical names that’s fill up the their expense, but that’s not the point, nobody in their right mind will dedicated their energy to go through all the way into the hidden story what bank is brewing up, and Julian Assange and the team without condition pick up the task, without their contribution, we will all be in the cloud and fight each other over everything, and the same goes to satoshi too, without their initiative in 2008, I’m sure the world might end up in fire.

===

There is a great story called "I want the earth plus 5% more" by Larry Hannigan which explains this situation better than anyone else I have ever seen with a bit of futuristic but becoming more and more reality future part involved as well. Basically banks and the federal reserves are friends and they are doing this to get richer and richer everyday in spite of the world not getting any richer at all.

You may think that humanity is richer nowadays compared to 2000 years ago thanks to more fair living and no slavery (sort of) and better technological advancements and all that but believe me those banks and reserves are working to make sure that gap once again opens wide enough that we may be considered slaves right now, 90%+ of the world would die if they do not have any money at all for over 1 year, collective poverty results with death (look at Venezuela) so they are just making sure we have juuuust enough to not rebel or die.

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We are not richer by monetarily means, but I can assured you by literacy rate, I see a world a change in a time frame as short as a decade, I believe it’s partly thank to technological advancement, smartphone is helping everybody greatly on learning curve, they can see the hidden danger of the real world at the tips of the finger, and they’re the youngest people who learn quickly and avoid the same mistakes made by the ancestor, the saying goes by “Move fast and break things. Unless you are breaking stuff, you are not moving fast enough.”

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[Broly46]

so they are just making sure we have juuuust enough to not rebel or die.

I guess to live right now feels exactly like you described it. It is everyday battle between big govs /banks and regular people, citizens, users.
Its our fight we have to take in order to keep the balance. We don't want banks to get over the control, because it will fall economy apart and people will come up with new currency to use.
If people will get rid of banks there will be loan sharks anyway

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Read the quote and have some thought

Zeusky Babarusky 2 days ago remove link There is no real opportunity anymore in these markets. Winners and losers are chosen. There is no such thing as learning these markets, researching the fundamentals and true value of companies before you invest in them. The numbers are faked. Non-GAAP accounting, share buybacks, and a plethora of other ******** that has destroyed any and all true price discovery. Look at oil. The **** has not quit going up this week, and on what news? That the god damned Chinese are using 20% less oil than they normally use? That shipping and transportation have crashed due to this virus. Cruise ships being avoided, and with good reason. People cutting out air travel, because who wants to go to another country, only to end up in a quarantine, or worse, infected with this damn virus while away from their home country. ******** manipulation everywhere to keep up the rosy appearance, while we have leveraged ourselves to the point of no return. Only those belonging to the big club will be enriched by this crony capitalist ******** system in place, and in regards to that big club, none of us are in it.   play_arrow 22  play_arrow 2  vtec 2 days ago remove link

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