Quote from: oHnK on Today at 01:20:14 PM

Quote from: uneng on September 15, 2021, 05:46:45 PM

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.

Yes, that is true. I also know some people who worked hard their whole life, always saving maximum money as possible on those standard bank saving accounts which in some years generate less interest percentage than the inflation of the country. Even worse are those who were used to store their money under the mattress.
After decades of hard work all these people can purchase is a television, secondhand car or a cheap motorcycle with a lot of effort and in large time intervals yet.

I imagine if these people had proper guidance regards finances since they started working for the first time how their life would be right now. I believe the fulfillment feeling would be much stronger on them this way.