Post
Topic
Board Economics
Re: The Current World Financial System Is Operating Like The North Korea Economy
by
Argoo
on 18/09/2024, 05:26:20 UTC


The private currency is the only way to move forward, that is the natural way of life, a natural way of civilization evolution.


Private currencies will not solve the current global economic problems in society, but will only aggravate the existing chaos. For more than one millennium, the only effective form of social structure in humanity has been unification into states. Money, the currency of a state is supported by its economy, the amount of goods produced and all goods that can be in circulation.

If we switch to private money, which is supported only by the property of private companies, then their frequent bankruptcies, and sometimes direct abuses, fraud will lead to frequent economic shocks and this will not lead to anything good. The only way to strengthen the global financial system is to strengthen the economy of each state and reduce corruption among officials.