USD Is Not A Real Currency
USD wastes a tremendous amount of resources being created and used.
USD is controlled by the Federal Reserve
- The Federal Reserve is not controlled by the Federal government
- The Federal Reserve has no reserves.
- USD is completely centralized
- USD is loaned with interest from the Fed
- More money is owed to the Fed than there is money in existence.
USD is founded on a completely unsustainable economy that
only flourishes during phases of cancerous growth.The value of USD can only go down every year.
USD funds crime and terrorism
USD can be counterfeit and we have to employ
6500 secret service agents to mitigate the problem.The value of USD is speculative.
USD is a ponzi scheme. and a parasite to the financial system.
Every argument against cryptocurrency is double speak and can be used against fiat.
Many arguments in favor of crytpcurrency cannot be used to support fiat.
- Decentralization and global consensus
- Counterfeiting extremely difficult
- Value can go up over time.
- Not based on debt slavery.
The Money Masters 1996 FULL DOCUMENTARY
The Creature from Jekyll Island...check it out @ amazon
And yet all of us want more of this useless scam.
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I grow more sick of using dollars by the day. You can be sure that I'll stop using them when I can buy food and pay my rent with crypto.
So true! The old system has soo many flaws and it needs to go, but it's hard because some people flourished on the old system, those are the ones that now have the power! Taking that power from them is hard but not impossible!
Look at history! Probably everyone thought monarchy would never end because the kind and queen had to much power, but guess what! The masses were able to take back the power! And semi-decentralizing it! With blockchain we now have the ability to fully decentralize power structures between everyone in the world! We won't need a republic anymore because everyone can be a deputy! We can all vote on a blockchain, fully encrypted voting, where everyone votes for where humanity should be heading towards! Maybe this sense of "power" that people would get from this would make it so they actually did more research into politics, into tech, into science, into philosophy, maybe this would make a smarter and better world! Actually been thinking about doing a post about this xD What do you think?
I'm probably just dreaming...changing the world is really hard, it's human nature!
Once you can get paid, buy food, and pay rent with crypto it is game on. There will be a polarizing shift to the blockchain.
Great breakdown and spot on, agree with all points! Have u read Jim Marrs? Hes got great books that go in depth into these subjects.
Fiat isn't worthless. As long as a large number of people believe in it, it will have value. Granted the currency is flawed for reasons you mentioned above, but the belief in fiat currency is religious. Look at the dollar signs all over the site.
That being said while that faith and devotion slowly erodes, there is great opportunity in alternative and experimental currencies.
I'm not trying to imply that fiat currency is worthless, just that you can use the same arguments against it (and more) to undermine it just like Bitcoin gets undermined. The arguments for USD not being a currency are more valid than ones against cryptocurrency.
This blog has a great amount of info which ad's value to steemit thanks edicted keep those post coming (worthless fiat) very nice proof of work