Just a friendly reminder.... - page 3.

shinharu10282016

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Quote from: Mometaskers on April 02, 2019, 04:45:06 AM

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.

BitHodler

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Quote from: Adriano2010 on April 23, 2019, 04:58:33 PM

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.

Adriano2010

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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.

Yakamoto

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Quote from: samcrypto on April 23, 2019, 10:15:26 AM

Quote from: Mometaskers on April 02, 2019, 04:45:06 AM

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.

Quote from: Bunsomjelican on April 23, 2019, 11:44:58 AM

Quote from: semobo on January 19, 2019, 03:58:45 AM

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.

Bunsomjelican

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Quote from: semobo on January 19, 2019, 03:58:45 AM

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.

samcrypto

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Quote from: Mometaskers on April 02, 2019, 04:45:06 AM

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.

jjjfff

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Crypto.BI

Quote from: drgomez89 on April 02, 2019, 08:35:54 AM

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.

drgomez89

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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.

buwaytress

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Join the world-leading crypto sportsbook NOW!

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.

Mometaskers

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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.

deisik

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Quote from: creeps on April 01, 2019, 07:46:35 PM

Quote from: leonair on March 31, 2019, 02:02:19 PM

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)

Commitments

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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.

andriarto

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Quote from: creeps on April 01, 2019, 07:46:35 PM

Quote from: leonair on March 31, 2019, 02:02:19 PM

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

creeps

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Quote from: leonair on March 31, 2019, 02:02:19 PM

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.

exstasie

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Quote from: leonair on March 31, 2019, 02:02:19 PM

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.

cryptjh

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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.

leonair

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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.

fianaindriati

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Quote from: usorin on March 31, 2019, 07:55:02 AM

Quote from: jjjfff on January 18, 2019, 07:47:11 AM

...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.

deisik

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Quote from: jjjfff on January 18, 2019, 07:47:11 AM

...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

usorin

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Quote from: jjjfff on January 18, 2019, 07:47:11 AM

...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.

Topic: Just a friendly reminder.... - page 3. (Read 909 times)