Hello everyone...
Governments are currently going through a deep crisis process, the aftermath of the pandemic has made them resort to strategies something out of the ordinary with the excuse that they are saving the economy. The most prominent was the U.S. government, which has been printing money as if there were no tomorrow, which has caused inflation, a worldwide crisis, and a lot of distrust.
But recently a government in Latin America has taken a very unusual measure that could be considered a total violation of a person's rights and also reveals what their real plans are.
Recently in colombia a budget law was passed that will go into effect in 2022, which seeks to take funds for a national budget, article 81 stipulates that bank accounts that have less than 92,000 pesos which are a little over $20, and have not been used for more than a year, maybe taken by the government to be used for the Latin American nation budget.
The article is:
The balances of current or savings accounts that have remained inactive for more than one year and do not exceed the value equivalent to 322 UVR (or 92,000 Colombian pesos), shall be transferred by the financial entities holding them, by way of a loan to the Nation - Ministry of Finance and Public Credit - General Directorate of Public Credit and National Treasury, to finance appropriations of the General Budget of the Nation.
General Budget Law of the Nation, Colombia.
This unleashed the fury of the citizens and I qualify it as irresponsible and arbitrary since the government should not take the people's money since they are the ones who manage it and it is irresponsible since it creates a lot of distrust towards the banking entities and the government's decisions in the future.
It is at this point, seeing so many crazy things that governments are doing, where I say and affirm that cryptocurrencies are the key, the key to true freedom, and the key to a society free of arbitrary control by governments. Because if you had $20 in your metamask wallet, to give an example, that money would still be there 5 or 9 years later, the only way to lose it is to lose your seed phrases, plus you have the freedom to move your money where you want and how you want and above all privacy.
Also, cryptocurrencies are decentralized instruments where no one has absolute control, no one can make money from other wallets, since each user has control of his money, this is the power of decentralization. apart from decentralization and freedom also come into play other topics of interest.
In conclusion, in an era where governments are becoming more arbitrary and desperate and where they make illogical decisions that harm people, people are massively opting for cryptocurrencies where they can have true freedom of their money and ultimately their own life.
Moreover, the crypto-verse is growing at such a fast pace and it also offers much better financial solutions, in about 4 years it will be the best option for many users who are looking for a real decentralization in an increasingly arbitrary world.
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Latest news from the government in my country is that they want to take a loan of about $30billion for reasons only known to them, they have looted everything inside the country, now they are taking loans upon loans, and doing nothing but embezzling the funds. People say the dollar is bad because of inflation, while that is right, have you seen the naira? Is it better to print money into oblivion or borrow money into oblivion? Who will pay all this money back?
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Well, here it is clear that no one knows how to govern or control other people, since corruption and bad decisions are the order of the day.
And as for the loans, they will continue to ask for loans upon loans until they get the nation into debt.
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