Just a friendly reminder.... - page 4.

Dhanems

jr. member

Activity: 448

Merit: 2

Quote from: jjjfff on January 18, 2019, 10:09:37 AM

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?!

Duh! You can't stop printing money in a ponzi scheme, stupid!

Awts..watch your words bro:( yeah govery can't stop printing money that's we are here to on crypto currency right...cryptooney also need a print money...you can buy fishball or Street foods using crypto? Of course NOT..so print money or fiat money and crypto currency is always accompany 😋☺️☺️☺️

coinplus

legendary

Activity: 1386

Merit: 1058

I agree with first post regarding dollar having no backing at all but I am not really seeing the point at the second post about the 31 million dollars. If we are going to argue about the fact that dollar is printed out of thin air you are certainly right and it has no backing aside from the government.

If you trust the USA government and the US Banks than you use dollar but know that globally it is starting to lose value, china even sells his USA debt papers for less than what they are worth because they want to get their money now and not later so they are selling at 60 cents per dollar rate and others who buy that are just buying it because they know in the future some day they can get one dollar for it.

Nonetheless, that 31 million is another topic, its the CEO of a huge company, even though the company is shady and one of the reasons why we are in this economic mess but what would you expect him to get 50k a year for being the CEO of JP Morgan?

adamlillian

member

Activity: 459

Merit: 10

Quote from: jjjfff on January 18, 2019, 10:09:37 AM

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?!

Duh! You can't stop printing money in a ponzi scheme, stupid!

Printing money will make the value of the dollar fall and that is a good time for us to buy more stocks. to keep the value of fiat money, that's the only way or we can buy electronic or gold money. There are many ways to increase profits.

Distinctin

hero member

Activity: 2772

Merit: 645

No dream is too big and no dreamer is too small

Time for us to make this world more transparent, and we know crypto can make it possible.
Bankers will print if they are corrupt and enjoy the money that is already not in the circulation.

I saw a movie where money are shredded when it becomes an old bill, but there is no transparency on it, unlike in tokens or coins
that we can see in the blockchain in case devs will decide to burn it.

Sharing the movie title where you can see a scenario about money being shredded

Den of Thieves

THE HURRICANE HEIST

gowobonyok

jr. member

Activity: 490

Merit: 2

if you think about it, that's the way it is. where money is printed by the bank, the people work hard to get it, and the money earned will eventually end up in the bank again when used for economic needs. this is how the country will continue to carry out its activities. is it time to switch to crypto? I think so...

Oceat

sr. member

Activity: 2506

Merit: 368

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.

Banks are backed up by the government that's why they can easily control your funds and sometimes without further notice and that's it you lost your own money. They need us to work hard for them, it's the newest way of slavery from history to let us work for them.

PuertoLibre

legendary

Activity: 1876

Merit: 1003

Quote from: ShadowBits on January 20, 2019, 01:42:51 PM

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.

If you hate FIAT so much then try to use crypto now as to pay for everything you need. We don't have to hate FIAT just because we use crypto.

What about hybrid money with combining the advantages of both? Huh

Only small percentage of world know about bitcoin and cryptocurrencies. Mass adoption is key for this purpose and there is no other solutions unfortunately. It looks like the odds stacked in favour of cryptoless alternatives.

Sarastiche

member

Activity: 532

Merit: 10

BITCOIN IS THE CURRENCY OF THE GLOBE

Fiat is still an important part of our economy, I feel cryptocurrency is here to cause a revolution in the world economy, several, Bankers feel cryptocurrency is here to take over the control of the world economy from there sector, O ver time this will be resolve as technology relevancy will prevail.

freedomgo

legendary

Activity: 3122

Merit: 1147

Thank you for the reminder, I know banks are corrupt and as long as we trust them, they will do anything to make themselves benefit on the system they created. Bank should be transparent but they are not, they seem to underestimate people and good thing this new system we are using is slowly getting the attention of the people, if we want transparency, blockchain is a good example and real store of value.

wuvdoll

legendary

Activity: 1442

Merit: 1025

The weird part to me was the closeness of milk and gas prices. Do people know how we get gas and we get milk ? You can actually continue to milk the cows forever as long as cows exist and we have new cows every single day in the world which means milk is something that is infinite and can be produced forever. However, oil is something we have very little of and will only have for a while before we run out of it and that is why people are moving towards clean energy instead.

I would assume the amount of milk we could buy could potentially stay the same but apparently it went down as much as the other stuff as well. Inflation is just ONE way rich folk steal from the poor. When you have investments then you try to out pace the inflation and get richer, when you work for salary and have no investment you hope your salary is increasing faster than inflation which it never does.

REYVAN

member

Activity: 260

Merit: 10

I do not understand the statement that you made, because I did not really understand about the system of issuing money as well as the banking system. But reading the topic title you made seems to mean well. Looking at the facts now FIAT seems to be the first priority in the list of human life activities. Nearly 99% of human activities are shared with FIAT, even for defecation outside our homes we have to spend money.

wahyu wida

full member

Activity: 826

Merit: 100

Quote from: ShadowBits on January 20, 2019, 01:42:51 PM

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.

If you hate FIAT so much then try to use crypto now as to pay for everything you need. We don't have to hate FIAT just because we use crypto.

even though I hate it, but I guess you really need fiat, and you don't have enough energy to change it. we live in the country, the rules must be followed, use crypto in its place and you will be happy

ShadowBits

hero member

Activity: 994

Merit: 504

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.

If you hate FIAT so much then try to use crypto now as to pay for everything you need. We don't have to hate FIAT just because we use crypto.

emulsifryer

member

Activity: 337

Merit: 10

Bet2dream.com

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.

I'm not totally against in your opinion but this link I've provided have many reasons and why most of us don't easily trust investing money in a bank. https://www.thebalance.com/bank-failures-315791

Indrawan77

hero member

Activity: 1274

Merit: 516

Exactly, fiat is no longer a good option for investment, the inflation rate is getting higher and higher each year, and the bankers could print out they money if they think it's necessary, so we need to find other option to preserve our wealth, each year the value of the fiat is sliding down, maybe crypto, real estate or gold will be a better option

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: gentlemand on January 19, 2019, 04:28:11 PM

As long as other people accept it for the things I require to stay alive it's absolutely fine with me.

If you need to preserve your wealth there are many options available beyond it.

That's my position too. I'm skeptical of the long term viability of fiat money, and I also know if USD were to collapse, the economic fallout would be catastrophic. It's good to hedge against that possibility by diversifying into sound money assets, but it's also good to realize that basically everyone is screwed in that kind of collapse, just to varying degrees. There is no perfect hedge.

In the meantime, dirty fiat money is what everyone else wants, so good luck to anyone trying to escape it. Tongue

gentlemand

legendary

Activity: 2590

Merit: 3014

Welt Am Draht

As long as other people accept it for the things I require to stay alive it's absolutely fine with me.

If you need to preserve your wealth there are many options available beyond it. Hopefully crypto will become one of those go to choices for the many in time.

cizatext

member

Activity: 952

Merit: 41

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.

Well the faint paper money is not just a tool in the hands of the bankers but a security holding and also a legal tender because the authority bank it up, despite the fact that we are promoting digital currency we most also not fail to acknowledge the place of the legal currency and as the traditional currency.

Naida_BR

member

Activity: 980

Merit: 62

Quote from: jjjfff on January 18, 2019, 10:09:37 AM

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?!

Duh! You can't stop printing money in a ponzi scheme, stupid!

Rich people just getting richer. And the point is that the low-class citizens are going to pay for their earnings. Capitalism is a vicious cycle that can't help low and middle classes. Instead, they print money to serve bailouts in order to save their own ponzi system.

kolesozw

legendary

Activity: 1316

Merit: 1004

FRX: Ferocious Alpha

Today all fiat money are one big ponzi, not only the Dollar. And the game will continue until there is some level of trust in the country behind the note.
It will be a pure disaster afterwards and I suggest you to read "The Sovereign Individual: How to Survive and Thrive During the Collapse of the Welfare State" for just in case.

Topic: Just a friendly reminder.... - page 4. (Read 909 times)