Fiat is bad moneysteemCreated with Sketch.

in #bitcoin6 years ago

When your political leaders are in control on the money printing presses, they cannot help themselves but print more money to pull themselves out of the problems their incompetence creates. Whenever they print more money, they are stealing from the poor through inflation and giving the new issuance directly to the wealthy. The inequality is built into the system.

We have lived though 47 years of this fraudulent money system that was never designed to last forever, it was never designed at all. Removing the gold backing was a temporary emergency measure. The fiat money will not last. New money systems only come about once a millennia or so. You can either buy Bitcoin after your national currency collapses or before. You just get more if you buy before.