You are viewing a single comment's thread from:

RE: Microsoft just renamed its Office 365 app to "365 Copilot" 😂 slaps Copilot to everything, "Personal" subscription now includes Copilot, price increased by 43%.

in LeoFinancelast month

Well in the current wild capitalist system in which we live is based on the fact that they need to sell more and more in order to maintain a perfectly functioning system since the resulting problem comes from inflation which in turn is pulled by the same problem of raising salaries which in turn comes from printing a lot of money by governments called Fiat currency is simply a vicious circle that feeds itself over and over again by the debt problem. Money by decree, commonly called fiat money (from the Latin fiat, 'let it be') is a form of fiduciary money whose quality of money comes from its declaration by the State as such. Despite not being equivalent terms, the expressions fiat money and fiduciary money are often mistakenly used as synonyms. Fiat currencies are the US dollar, the euro, the yen and the main reserve currencies since the end of Bretton Woods in 1971. This is a type of money that is not backed by any commodity, such as gold or silver, things do not increase in value, it is the money that depreciates.