It crazy really the fiat system as they never create the interest that needs to be paid back so a further loan is needed to pay back the borrowed amount.. all a scam imo and backed by what fresh air...
I Stack gold and silver due the physical value and it has been around as a storage of wealth for so long.. but how many peole actaully know it's real value.. the central banks do the goverment do but not many people do..
I do worry that the crypto currencies are just a way to the cashless society once they show you how good it is and everyone is on it they will say we don't need cash any more.. fiat maybe a bad system how it is now with the debt and it being based on debt. so i do worry if say there was no cash at all and how easy it would be to control and surpress the people and a certain view. Don't get me wrong it's a good thing but usually the powers that be turn everything in there favour and towards the agenda and not much happens unless they want it to.. great info by the way will resteem it so i can check it again tommorrow alot to digest..
I've been wondering about that for awhile now. Who's really behind this. This is the first time I've come across anyone who's said it out loud. I do hope we're wrong, Probably not, But even if that is the case it's still best to get in and get comfortable early on.
So do i.. but i guess more and more people are making the move and a bit like stackers of gold and silver a lot of crypto believer's are of the same kind of view. problem is the deep state infiltrate and destroy every real threat..to there system or just buy out the tech.. so many ways to gain control. or they just kill off stuff that cannot be monetised. Thats bad for them..One to watch closely as goverment backed crypto's come online. as well..So many of us are so conditioned we do the work for them without knowing the true reasons behind it and if they did comeout and say this is what we want a cashless society straight of the bat which they have been shouting about more and more and this is the new system. we all be like no way but it happens slowly over time so no one notices till it's to late. but i guess all we can do is do what we do and is money to be made but from my view ethics over profit everytime. they don't think the same though so is like fighting a battle you cannot really win as they play both sides of a sword so who ever winsout they win and still have the control is crazyness.
Dont worry its just an anonymous hacker not the CIA =-p
I agree the power that ought not to be usually try to turn out everything at their advantage. I share your opinion on the possibility you mentioned.
That's the whole thing about the system it's all inter linked and they do have a habit of guiding the people into a direction.. be watching to see how it all pans out thats for sure..alot of people are blind and i think more and more people are starting to see what is going on globally at same time more and more are drawn to cyrpto's almost like the gold rush right now or a bank run as people are transfering to the new system. look at steemit what a great concept but the powers will think it's the wild west and is a big threat to the corporate machine.
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Isn’t the Fiat money backed by Gold?
I do not know about the US, but the Indian Rupee is backed by Gold.
Indian Rupee is not backed by gold. It is a fiat currency, meaning it has no intrinsic value other than what is derived from government laws and regulations. As far as i know no currency is backed by gold anywhere in the world. It does not meen the goverments or central banks do not have gold. just that the paper notes cannot be exchanged for gold with them directly as they once did. where the term promisary note came from. you can buy gold with any currency but it is not backed by it how can it be.. there's way more paper money than gold. Plus they can print as much as they like.
think was 1971 when america got rid of the gold standard and seeing as the us dollar is the reserve currency no currency can be exchanged unless into dollars first..So everyone else must use the same system. thats why we have whats going on in the world to save the dollar and stop countires wanting to ditch it as the reserve currency.
Thanks for the explanation.
No problem at all