Posts

Would separation of money and the state solve the economic problems in world???

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

I just watched a very interesting video that talked about how to end economic problems, which the idea to do that is going to be favorable for crypto because it is like they a just talking about the qualities crypto already provides as the solution to economic problems, although this solution will be the death of fiat currency and the power the government has over money, which is why I think it would be hard to implement and the governments will not allow it to happen so they can maintain the power they have and be able to print and spend more money.

A quote from the video:

“What we need today…more than anything, is the separation of money and the state.

If you do your research you will understand this better, the separation of state and church in France in 1905, was what put an end to the religious wars at that time because the law to separate churches and states prohibits the states from recognizing or funding any religion at all, and now we barely hear anything that has to do with religious wars. This is why the idea of the separation of money and state is quite a new brilliant surprising idea that could end economic problems.

But the governments of any kind in the world, especially the United States government, will not like to relinquish the power they have over the people and give the power back to the people as it should be, because the purpose of electing people into power, was for them to serve the people better but now once the are give the power they forget about the massive they were supposed to serve and start controlling. that is why I don’t think it’s possible for the government to agree to the separation of money from the state or banks, and sadly the only people to implement the law of the separation of money and the state is still the government. And no government in the world would want their fiat currency to entirely disappear, some countries would have to be renamed, and everything would change worldwide when it happens, if it does but I highly doubt that though.

Denationalization of money is very important in our society and Crypto has already done that since 2008 when it was created, although it was laughed a year after in 2009. The separation of money from the states is what Satoshi Nakamoto has successfully done with Bitcoin. Bitcoin price can go up and down but the value remains the same, only the fiat equivalent value varies, it helps give people financial freedom and it is money that can't be controlled by any government. With Bitcoin and Crypto, many economic problems will cease to exist, because it is permissionless, borderless, timeless, and can not be controlled by anyone.

THANKS GUYS FOR READING MY POST.

PLEASE FOLLOW ME ON: Discord: onwugbenuvictor#3447 Twitter: @VictorOnwugbenu

Posted Using LeoFinance Beta