BMR for 11th June 2021 - How long before the old school is dead?

in #alive8 days ago

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How long before the old school banking system is dead? I am sure it will never die, then again it might. I love reading @taskmaster4450 posts every day and this one was no different. It gives me inspiration to read, research and write in the mornings.

I am, have become, absolutely hateful of the current system. People are trained and led to believe from an early age that the only way to live in today' world is by being in debt. Why? Because by being in debt, the rich earn interest of you, the rich get richer.

There is nothing wrong with the freedom of making money, don't get me wrong. What is wrong it making people believe that what they want in life, they have to have NOW. And in order to have it NOW you have to get a loan or a mortgage, etc. Yes a house I understand. But besides that you are led to believe that you cannot save money, you need to live paycheck to paycheck, and you have to come see the bigman behind the desk at the bank, hoping he will give you some money for what you want. Leaving you with even less money day to day.

The world needs to change, it is slowly changing, Crypto, Tokens, Decentralized Finance is all helping. Wish I was younger to enjoy the change more. But I will take what I can and love it.

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Have a great day all.

Bradley

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You are right on Bradley, crypto is money without debt, with Fiat all money in circulation is printed by creating debt which then needs to be paid back with interest, and that interest requires more debt since the money to pay the interest is not printed with the debt.

Money without debt as we see in crypto is showing a much better way forward for humanity, no matter how little crypto you have, all of it is yours, you own it outright, and none of it is a debt.

Enjoy your Friday and stay !ALIVE

Thanks for the fantastic input. Enjoy your weekend also.

!BBH

You too Bradley.

!ALIVE

You Are Alive and have been rewarded with 0.1 ALIVE tokens from the We Are Alive Tribe, and it's paid for by the earnings on @alive.chat, swing by our daily chat any time you want.

Because this is such an awesome post, here is a BBH Tip for you. . Keep up the fantastic work

You Are Alive and have been rewarded with 0.1 ALIVE tokens from the We Are Alive Tribe, and it's paid for by the earnings on @alive.chat, swing by our daily chat any time you want.