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RE: Bank of China stops citizen's from withdrawing savings calling them investments

in LeoFinance2 years ago

Unfortunately, governments only look at their navel.

In China it is "easy" for the government to do things like this since that is a dictatorship. In more developed countries like the USA or even European countries this is done but in a hidden way with the increase in interest rates on loans and inflation that ends up taking away people's purchasing power.

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Yep.. Sometimes in small countries tied up to bigger economies this might happen anyway, no tyrany needed. Just a big colateral economic mess like what happened in brasil and argentina in the 2000's.. In uruguay we lived something similar and it really sucks.

Krypto is the answer for financial independence!