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Topic: Just a friendly reminder.... - page 2. (Read 909 times)

sr. member
Activity: 2436
Merit: 272
Eloncoin.org - Mars, here we come!
May 05, 2019, 12:19:49 PM
#74
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.
legendary
Activity: 3542
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
May 05, 2019, 11:51:53 AM
#73
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.
legendary
Activity: 1372
Merit: 1008
May 04, 2019, 09:14:58 AM
#72
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
legendary
Activity: 3234
Merit: 2112
I stand with Ukraine.
May 04, 2019, 06:09:49 AM
#71
~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.
legendary
Activity: 3430
Merit: 1280
English ⬄ Russian Translation Services
April 25, 2019, 01:44:05 PM
#70
...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
full member
Activity: 952
Merit: 104
★777Coin.com★ Fun BTC Casino!
April 25, 2019, 10:42:29 AM
#69
...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?
sr. member
Activity: 812
Merit: 250
April 25, 2019, 09:10:06 AM
#68
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 .
copper member
Activity: 182
Merit: 18
Crypto.BI
April 25, 2019, 08:35:39 AM
#67
~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.
legendary
Activity: 3430
Merit: 1280
English ⬄ Russian Translation Services
April 25, 2019, 08:11:13 AM
#66
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
legendary
Activity: 3234
Merit: 2112
I stand with Ukraine.
April 25, 2019, 05:56:57 AM
#65
~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.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
April 25, 2019, 01:50:23 AM
#64
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.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
April 24, 2019, 08:34:16 PM
#63
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.
sr. member
Activity: 882
Merit: 282
April 24, 2019, 05:45:08 PM
#62
...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.
member
Activity: 700
Merit: 10
April 24, 2019, 10:10:18 AM
#61
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
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
April 24, 2019, 09:14:00 AM
#60
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.
hero member
Activity: 2772
Merit: 518
★Bitvest.io★ Play Plinko or Invest!
April 24, 2019, 09:08:50 AM
#59
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.   
legendary
Activity: 3234
Merit: 2112
I stand with Ukraine.
April 24, 2019, 08:33:06 AM
#58
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.
member
Activity: 616
Merit: 11
April 24, 2019, 02:38:48 AM
#57
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
member
Activity: 504
Merit: 10
April 24, 2019, 02:20:03 AM
#56
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.
full member
Activity: 1400
Merit: 115
Sugars.zone | DatingFi - Earn for Posting
April 23, 2019, 11:19:11 PM
#55
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
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