Question: How many dollars, pesos, euros or yuan do you have? Hold up a minute. Before you go checking your bank account, digging through your purse, wallet, piggy bank or secret stash under the mattress, let me tell you: You have zero.
"But I do have dollars and pesos and euros and yuan!" you protest. Um, no you don't. You have paper. You have coins with no metal value. You have fiat currency. What you possess can be rendered useless at any time.
You see, those currency notes are not dollars, pesos, euros and yuan as you suppose; they are a promise to pay whomever holds the paper and coins whatever is denoted on the bill or coin.
What you possess and in whatever amount you have it is in theory yours. Your and my government promises the value on the bank note and coin, but here's the rub: there is nothing backing the fiat currency, as there was in days past. There is no silver or gold giving your currency any real value. It's all make believe. It's a fairy tale with no happy ending.
When our governments need more money (ahem) - they just crank up the printing presses and make more. Oh, but if you do it, you go to prison for counterfeiting!
Begin message from your government
Hey, plebe. No need for a secret decoder ring here, Welcome to the our new world. Yes, we pretty much created it in the 1970s when we stopped backing your currency with gold and silver. Glad you can serve me as your leader. Wait. What? You say we are here to serve you? Um, not anymore - never really has been that way, peon. Now get over there and fall in line like you were told to do or else.
We hate you. Now turn on your TV's, open up your Facebook, Twitter and video games and be content. No, we are not asking you - we are demanding it. Now do it!
You see, you despicable pile of flesh and bones, we hate you. But let's talk about money.
Our fiat currencies are meant to be useful for you scrubs. You can buy food, shelter and clothing as long as we say you may.
Among some other things, our fiat currencies allow our central banks to engage in “quantitative easing” by borrowing (through the issuance of more notes) something that does not really exist and therefore never has to be repaid (dollars, pesos, euros and yuan in the case of your government).
We're smart. We're magicians and we love our tricks. Now get back to your distractions! And don't be playing with that worthless crypto on the Internet, either. It's not real.
End message from your crooked government.
Cryptocurrencies
#Crypto is a threat to world governments. They despise it. Why? As Gregory Zerzan says, "By returning to a scarcity-based monetary system, cryptocurrency has the potential to gain user confidence at the expense of fiat currency."
Governments do not like it when they are one-upped by us peons and slaves and out-of-the-box innovator. They don't like it one bit when the old way of doing things is threatened by some neo-economist-minded people who are weary of government manipulation of monetary policies and systems. No, not one bit.
This is precisely why governments are beginning to make attempts to regulate crypto (or in the case of commie China - ban it).
We crypto holders know value when we see it
Our government bank notes have lost and continue to lose value because of inflation. A government can only borrow so much and spend so much, but there is no end to printing however much fiat currency they want or need to keep the fairy tale alive.
As we crypto users already know, cryptocurrency may be used over the Internet without the intermediary of various banks and financiers throughout the world. By and large, banks have a monopoly on any transactions that involve government issued money. Crypto does not!
This is why I really like my #BCH.
This makes cryptocurrencies much more difficult for authoritarians (governments) to track, although they are able to do so with enough time. But the more of us who adopt and use crypto there are, the more difficult it becomes for our slave masters to track our every transaction over the Internet.
Wait. Hold on. Incoming message from the governments again.
Government interruption
You may return to your pitiful distractions after this brief message, you sneaky crypto peons.
Your cryptocurrencies and decentralized finance pose a threat to the confidence-based monetary system underpinning the contemporary world that we control. We have a trio of methods in which we can and will respond.
For now we are merely tolerating your fanciful cryptocurrencies by attempting to fit them into our existing regulatory schemes so we may devise a method to greatly benefit and line our pockets. We have that power.
Or we can (and are) develop government-backed alternatives. We call them CBCDs, but you know that.
But our final method is to simply make cryptocurrencies prohibitively expensive to use or make them downright unlawful. Have a crappy day!
End brief message from yours truly, your government.
Pay attention!
Adopt crypto. Use it. Hodl it. Swap it. Stake it.
End message from your loving crypto user. Have a profitable day!
Harsh reality dear. I know that crypto will take over local currencies.