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RE: Economics Professors Are Luddites Spreading Fear, Uncertainty and Debt

in #bitcoin6 years ago

Now you really derived everything more effectively and Bitcoin and Crypto Sphere is new money economy and fiat money will going to become History which is managed by the central bank, i personally don't like one thing about the bank and that is it push normal people into the debt trap and if due to any circumstances if people fail to give the loan payment then they will take all actions towards the common people but when it comes to elites and super rich people they can take money from the bank and they can fly with that money without any repayment in some cases and no one will ask so here we can see the real face of banks and how it runs, so people who have fear to lose their power towards the fiat money can say negative for the Bitcoin and Crypto but we all know the Decentralised Sphere is the true power of common people and it will pull out people from the slavery of the banking system. Thanks for sharing this post with us and wishing you an great day. Stay blessed. 🙂

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It is so much bigger. Fiat Lux "Let there be light" => Fiat money$ "Let there be $".
Since 2008 everybody should know that fiat money is created out of thin air. Interest rates for the slaves.
In a world of bitcoin they could not print money to finance a war. Just think of all this energy wasted on war equipment. Nuclear contaminated soils etc. pp.

Thank you so much for more insights.