Quote from: robotrobert on September 11, 2018, 09:43:21 AM

Quote from: jrrsparkles on September 05, 2018, 02:49:50 PM

Quote from: Xenophoto on September 05, 2018, 02:04:15 PM

Quote from: jrrsparkles on September 05, 2018, 08:36:14 AM

The banking system is really most mystrious of our world because if we research deeply about all the banks in the world it has been in the control of few people so they were controlling all the money of the world so they can create as much as money they want and can pay the employees.

That "few people" is called the government. I don't see anything mysterious about that. People just like to think it is. There are other reasons as to why the government have to print more money. One is to replace the old ones that have been worn out. We are using money on a day-to-day basis. It's just paper and paper can break easily. Second one is the economy is actually growing and we need more money printed. Transactions aren't always done digitally and most transactions are still done with paper money.

Just like other things, printing a little bit more of money isn't bad at all and doesn't result to inflation. But too much of something is always bad. Too much printing of money will result to inflation which affects the economy of the whole country and its the people who experience such consequences the most.

The governments not printing any money only the central Banks from the respective country is printing all the money but which is not controlled by their governments as per the articles I have read on the internet.

Did you remeber the story of Abraham Lincoln assasination? I studied that he was killed by that few people because he want to release money by the governments not by any banks.

Banks give you loan and take interest on it which is the one way they get profit, secondly they make money in different transactions on different currencies. Governments are making money through these banks and benefiting their economies that are also the reason why they are opposing the Bitcoin and other cryptocurrencies not to bring a sudden change in their countries but they should learn from those countries where the Bitcoin has spread without any disasters.

The creation of depth is the main way banks make money, I agree with that. And that is also the biggest threat. Just google the term fractional reserve banking system. The banks lend out more money that they have. If all people wanted to cash iut their bank accounts then the banks would be closing down. When you research the Great Depression you will notice that this has already happened in the past. And as always, history will repeat itself. Therefore crypto is your safest option to store money in the long run.

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