We are conditioned to believe in the power of the Federal Reserve and other central banks. Here we feel they have their fingers on the pulse of the economy, pulling strings as needed to avert disaster. But really, what do they control?
In this video I discuss how, ultimately, the Fed delivers hype. That is what their job is. The idea of "Dont fight the Fed" is promoted by the financial media, to most people's loss. Here we cover some of what makes the situation different from what people believe.
▶️ 3Speak
Dollar dollar bill, that's a sinkhole... this is why cryptocurrencies will rise and change the entire financial world system.
Posted Using LeoFinance Beta
When it comes to how much money is actually in circulation, we have to trust numbers we get from the central banks and the commercial banking system. Cryptocurrencies, on the other hand, are transparent and their supplies (minus some privacy coins) can be audited by anyone. Their total supply and/or emission schedule is open-source and verifiable. It will take some time, but eventually the consensus will be that crypto is a better form a money.
Thank for sharing boss