You are viewing a single comment's thread from:

RE: Why risk it in crypto?

in LeoFinance3 years ago

What blows my mind here in the USA, is how much worse it is now compared to when I started my working career. I'm a baby boomer and the work hard, save money, pay as you go ideas worked. We had a very strong middle class that kept our economy strong. But now, the elite 1%, the corporate giants control it all. Our government has been bought, hell, think of this. The banks are now required to red flag $600 in a cash deposit, just a few years ago you could deposit $1 shy of 10k in cash. In the old days, cash was king. They want their piece of the action now and will regulate to make sure they get it. Makes me sick.

The more I learn about crypto, understand it's potential, the more risk I am willing to take. After the 2008-9 financial meltdown here, my eyes opened wide when all these hugely wealthy corps got rewarded for their greed, but worse than that, it was us, the little worker bees that got strapped with the debt. Our wages have stagnated for over a decade now. Jobs were outsourced for cheap labor, crushing our labor unions. Is it any wonder why people are taking to the streets in protest? We are in crisis all over the world.

Blockchain is changing the rules, for once, the little guy has a shot to break free of all the BS.

Sort:  

It is insane what is going on around the control of money now and it is no wonder there is rebellion happening. Much of the social movement nonsense is rooted in economic inequality on all sides, while the tiny minority polarize the population to protect themselves.

AI/ automation is going to make the problem worse, but that is the advancement of technology. The issue is, there will be many children left behind because literally, no one cares enough to change the system. Well, fuck that... we will change it.