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RE: Eroding our Purchasing Power

in #life7 years ago

Really this is very difficult for a common people to understand the economy! Therefore banks are taking full advantage if it.

This delicate system is constantly being corrupted. Banks acting as governments get to do as they please, making up for their mistakes by simply printing more money. How do get away with it? Where does the "money" come from, the overprinting that is? From the people, from their purchasing power.
.....very truly said @chbartist.....you have written the script very nicely..
Bank them selves have full control over your money, without their authorization you can not take a decision of investment of your hard earned money. What is this happening!!
In India also we, "crypto lovers" are very much disappointed.. the Central Bank of India has instructed banks not to do any kind of transaction from crypto to Fiat and vice-versa with citizens as well as crypto exchanges from 5th of July 2018.

This is not like fiat that you can print infinite number of fiat currency...here it is very difficult almost impossible to duplicate the crypto currency/bitcoin .

Hence I feel this technology will help to establish the economies in a fare manner. Govts. Will also think in a positive way to support this outstanding technology. We Indians also optimistically hoping a crypto rally again...