Post
Topic
Board Economics
Re: Boost of a countries economy
by
oHnK
on 16/09/2021, 13:20:14 UTC
However, what govenments don't mention is that their own fiat currencies are causing exactly what they most fear about crypto currencies, in lower doses.
I mean, people are losing their money's value year after year by holding it in fiat currencies which are considered "safe" by governments and there isn't any self-criticism regards this matter from their side.

this is the most obvious nonsense from the government, sometimes I feel sad about the condition of people's financial literacy in my country which is still very low. They worked day and night and made money only to deposit in their bank accounts. Though, it was of no use. Indeed they have worked hard for a good life but were betrayed by this very bad monetary system. Fiat being saved day by day is decreasing, even economists have understood this and clearly studied "the concept of time value of money" but they seem to be pretending to be blind to this rotten concept.