Post
Topic
Board Economics
Re: Economy going up and up everyday
by
aeternus
on 26/07/2018, 03:05:39 UTC
Of course the inflation is rising, because the money is being printed NON-STOP right now, with no real value behind it, making people even poorer as before.
Its obvious that this scheme will sooner or later fail, people will loose billions when it happens, just a matter of time now.
I don't think people are addicted to cash that much these days, its more practical to have 5 different cards with money on them, instead of huge briefcase full of money.
Majority of purchases are being carried today through Visa, Mastercard, AMEX and so on, there are not much cash deals going down actually.
Money became just numbers in people bank accounts, and to take it out you have to inform the bank about it, so they can prepare your money.
This is something many seem unable to understand, they do not understand that the power the government has to print as much money as they want is immoral and should be abolished since they are the ones that are the most affected by it but as soon as you say something like people say that I do not support the country and stuff like that, I do not have that problem because I invest in bitcoin but the rest of the people do not and if they want to lose their money to the governments who I am to stop them.