Fiat money is a scam

Fiat money is literally a scam, a Ponzi scheme, where the elites' central banks print money, which constantly increases the supply. The supply outpaces the demand, meaning the value goes down.

So, my country, Bulgaria, is switching from one scam (BGN) to another scam (the euro).

A lot of people genuinely think this will solve the economic issues in the country, but this is impossible. They believe so, because the TV told them so, not because they have any understanding of the system or can explain how money works.

Long gone are the days when job security existed, inflation was low, and people owned what they earned. Nowadays, most of your money are stolen through bills, inflated prices, shrinkflation, and endless taxation.

Also, you don't own your money, which is proven my the fact you need a custodian and an approval before you can use the money you worked for. Your money is owned by the bank, not you.

I don't see how the euro can solve the issues of the BGN can't... they are both literally the same kind of paper and cotton, with paintings. If the BGN paper and cotton can't solve the issue, then the Euro paper and cotton can't solve the issue either.

Just like the BGN, the euro is, too, endlessly printed. Fiat money has an infinite supply, meaning value is impossible.

In the 21st century, the true inflation percentage, not just the "officially" reported percentage, is either equal to or higher than the wage growth, meaning your purchasing power either stays the same or declines. Even if it stays the same, inflation will at some point outpace the wage growth, and your purchasing power will drop.

I'm sick of people's nonsense, how a certain political party, currency or a geopolitical bloc or union can solve the problems.

The conventional monetary system does NOT work for 90-99% of the people around the world. This is proven by the debt statistics and services like "buy now, pay later", etc...

submitted by /u/Amphibious333 to r/btc
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Quelle: bitcoin-en