Post
Topic
Board Economics
Re: Fiat Money is a Bubble
by
ChaturMaster
on 05/07/2019, 13:55:39 UTC
All fiat currencies are scam.

There is perhaps only one country in the world has 100% gold reserved for total money they printed.

So ruling party, central bank print money and they keep piles for them when people raise question why government want taxes when they can print money as much as they can the same old answer is if more money printed currency will be devalued. Ruling people fool common men giving same old example that 'if a family has 1 kilo gold and 10 members in family, now head of family holds that gold and makes 10 tickets and distributes among each family members which mean each ticket is worth 100 gram gold now if 10 more tickets created for same amount of gold and distributed to all family members then value of single ticket will become 50 gram gold so if you have 1 ticket or 2 tickets value will be same. This type of answers from economists and governors are heard since decades and common men believe it.

Now question is who knows if head of family created 1000 tickets and kept 991 by him?

And also gold or other assets are with him which he may have sold?

In my opinion currency notes are just printed piece of papers issued by governor and made people believe this is money.

They have imposed value of these printed piece of papers in people's mind, whether one wants or not he/she has to accept it as payment in corporate world.

In future may paper currency will not exist and only digital currencies will be accepted and our next generation will believe only digital cash is money.

Or maybe something more advance than digital money in future.

Let's watch, what new form of money is coming in future.