There is definitely some deception. Just the name "Federal Reserve" is a deception. That debt allows more money to be "printed" is a deception. It might be complex to the makers of this system, but it is smoke and mirrors to those of us at the bottom of the financial heap.
I really appreciate your explanations. Thank you.
Sure but have you considered that even if we eliminate the FED we are still in a position where retail banks are printing money out of thin air that they don't have? Fractional-reserve banking isn't going anywhere. It's embedded into everything. It can't really be removed until it implodes in on itself. And nobody wants that to happen because the pain it would cause in the short term would be too big a burden to bear on purpose.
I hope we can get a good transition with crypto but I bet it's going to be ugly as hell.
I'm not convinced the implosion can be controlled. Somedays it looks to me as if the implosion will have been deliberate.
Ugliest for those of us who have none, for sure. And where I now live in a hillbilly town, that's everyone but me. I haven't been able to convince one single person to even so much as open an account at an exchange with the ten dollar giveaway. Diversification, people, does not mean investing everything you have in fiat only.
Yeah there is a completely untapped market there.
Someone needs to create a coin based on guns and fishing and lawnmowers and shit :D
There are a lot of people who aren't going to bite until crypto is brought into their physical reality.
Need better bait.