Did you know that central banks ensure settlements occur between other banks and resolve any issues. They also stablize currency by trading and producing it. What part disgusts you about it? I am pro decentralized and crypto, i just dont suddenly hate my history because something better comes along.
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One of the main goals of central banks is to keep inflation under control. Before they were introduced it was wildly fluctuating up to 20% a year.
Cryptos are wildly fluctuating up to 20% a day. Sometimes I prefer a stable currency.
Also, you said "stable" again without answering my question. On what timescale are you considering? USD has been terrible on a long timescale as far as purchasing power goes. Bitcoin is the opposite. Many believe (as do I) that once the market cap of cryptocurrencies grow, the stability will come because it will be too big of a market to manipulate easily.
Have you considered the possibility the bankers themselves were attacking local bank currencies in order to bring about the First Bank of the United States or the Second Bank of the United States (both of which were fought bitterly against by the people who understood them)? There's a lot of history here to dig into. Many economists are beginning to agree the FED caused and prolonged the Great Depression, as an example.
I understand you have a narrative that makes sense to you. It's the same one that made sense to me for most of my life as well. Once I started doing more research on how we got here and the impact of central banking... well, I hope you can appreciate there are other narratives which, to me, are well supported.
I'm always open to entertaining new concepts without accepting them. I am amazed and concerned of the current leftwing attacks on history just because something is out of fashion. I really hope this mentality can be put back in its place with decentralization and less censorship.
Completely agreed. I hope you are familiar with the long history of people fighting centrally controlled banks and world reserve currencies all the way back to the founding of the United States. From my perspective, the current love for central banking is what doesn't fit the historical narrative and that's due (IMO) to a take-over of the education system (Prussian Model) which pushed a different economic theory which, since the financial crash of 2008, people are finally starting to question again.
The US federal reserve is only 100 yrs old. Most other countries are much younger they were put in 30 years ago to combat inflation. No one fought them at the time that I know of, its a new fad since people get drunk and end up watching weird videos of youtube on autoplay.