This is a moment I like to share with you all regarding the financial that majority of the population have. This will be regarding knowledge on the current financial systems as well cryptocurrency based ones.
With all the things going on in the economy. It seems that majority are just not getting it.
You would think in troubled times people would take a moment to educate themselves on what is going on. As well look towards to things that could offer some type of solution.
It is proven the money system, which at the last monetary policy change in 1971. When the dollar was taken off the gold standard. Then we all went into the fiat currency system. Which has always a 200% failure rate. Ever since then any country on fiat currency has seen much economic turmoil. The level of poverty in the world has grown a lot since then. Also the level of extreme wealth by the upper 5% has increased so much as well.
With all of this going on. Not enough people seem to understand how all this is going on. Many are not aware or willing to accept that the current money system and central banking system are at fault.
With the financial access and the underlying financial infrastructure taken for granted in rich countries, such as savings accounts, debit cards or credit as well as the payment systems on which they operate. Many people do not have any idea on how these systems work. Which is exactly what the systems want to happen. The ones that operate these systems prey on the lack of financial education that the majority of the population do not have.
Therefore the banks are able to sell services to people that would put them in forever debt. Such as student loads, mortgages and credit cards. It is a never end cycle, yet many people who go into debt just seem to only blame someone else for the situation. Many do not see it is the financial system that caused some of this.
You would think also in this economic troubled times, people would be more ready to take the time and look to why things happen the way they are.
The debt is piling up for many and no one wants really to figure out a proper solution. Not enough people are looking at cryptocurrency as something that could help them. Many think its some rich man’s currency and refuse to learn about it.
Many people do not understand how all the money printing the governments do devalues the local currency. Which makes things more expensive through inflation. This is a very dangerous situation that is happening and could really collapses the economy.
Of course it is important to make the economy move but only when there is the right resources to do so.
If really tough times banks can issue capital controls on your money if they need it. Banks own your money since you put it into a bank account. This has happened so many times where people loose access to their funds.
These are just somethings to think about.
What are your thoughts on the lack of education for money?
Financial education is very important to know. Reason majority of society is run on some type of monetary policy. Even the school system is run on a financial system. However when in school, they do not teach much if anything about money or financial at all. That could be the reason why so many people live in high debts.
The leading cause of financial problems is simply that people don’t have the skills to manage their money.
It’s a challenging cycle, however a solution is there. . Spending your hard-earned money without a financial plan is like walking into the forest without a compass. With the proper tools, you can learn how to budget your money and get on the right direction.
Money is all part of our lives, which is important to learn and use the proper ways. Sure there may be a 3rd party out there that creates a challenge to everyone. There is no need to fear this. Just some research could go a long way in creating a better journey to financial survival.
In your own words what do you think on the amount of financial education the general population knows. Do you think people know enough? Know too much? or know too little?
Let’s hear your thoughts on this. As this is a very important moment we all must discuss.
