Posts

Don't invest in your government, get rid of fiat money.

avatar of @nirvana3003
25
@nirvana3003
·
·
0 views
·
2 min read

According to a phrase that some attribute to Albert Einstein, the definition of insanity is to do the same thing over and over again expecting different results, which makes me think that both the heads of the Federal Reserve (FED) and those who run the central banks of the world suffer from mental insanity, judging by their insistence on maintaining the failed policy of indefinitely issuing fiat money, which is losing value as more and more new bills come off the presses.

For the patrons of fiat money, the financial must prevail over the productive, therefore, absolutely all the ills of the economy are solved by transferring more money from the central power to the banking sector, so that these later take charge of distributing the funds to the population, to theoretically dynamize the economy to the extent that the richest, the first to receive all the new money, distribute it among the less favored.

The situation is that the more money is printed the less it is distributed among the population, the richer and richer concentrate more and more of the bills that first come out of the central banks, which reinvest them in their own companies on Wall Street, acquire works of art or very expensive real estate. As you can see the financialization of the economy has only stimulated the Cantillon Effect in society, stimulating the concentration of wealth and economic imbalance.

With the inclusion of Bitcoin (BTC) and cryptocurrencies in the global economic game people's wealth no longer runs on the account of a central power, now people have more independence and empowerment as decentralized digital money is becoming more valuable compared to the increasingly ruined fiat model.

So if you still think you can save your personal finances with fiat money think that more and more powerful institutions and companies are converting a large part of their funds in fiat into cryptocurrencies, even also in gold although the latter does not reflect in profits what BTC brings at the moment to those who wish to protect their savings from the hell of inflation. According to statements by Michael Saylor, CEO of Microsystem and pioneer of this institutional migration towards cryptocurrencies is, I quote: "There is no going back, cryptocurrencies are here to stay, central banks lost".

Regardless of whether you prefer investing in cryptocurrencies, precious metals or commodities, the important thing is to understand the danger of remaining under the mantle of the fiduciary model, especially if you are not part of the elite, be aware of what it means to place your trust in those who want to keep you living on the edge and sunk in debt.

Posted Using LeoFinance Beta