12/04/2019
Paper money does not make you rich!
In 1971, Former US President Nixon closed down the gold widow for paper money, which subsequently allowed the Central Bank to print money excessively to first and foremost pay off foreign debt and buy oil. In effect, inflation took place or the buying power of money declined relative to goods. Million of joke money AKA US dollar have been circulating from Middle East and end up to London reserve.
What does this mean to us?
Paper money has already lost its INTRINSIC VALUE. Its usability is merely determined by the government rules and regulation. Once goverment is removed in the system, paper money will end up in the trash bin. Deductively, savers are losers. The money you save right now, after five years, will lose big percentage of its buying power. This is true with employees. Employees will never be rich because, first they lose money from unavoidable government taxes and inflation.
The rich are smart enough. They convert their money or use debt to buy ASSETs such as real estate, gold and enterprises that grow in value. For ordinary people who make ends meet, it is quite difficult for them to acquire assets since it needs big capitalization or good credit history.
What is the modern form of asset that can liberate everyone from the bo***ge of poverty.
No DOUBT! Its Cryptocurrency!
Cryptocurreny is the future of payment and will be an ideal medium of exchange in the world getting into the realm of digital. Its ledger is immutable and can never be falsified.
Why are many people engaging in trading and massive selling off of their newly developed cryptocurrency like Dagcoin?
The lack of FINANCIAL EDUCATION blinds them to see the reality of the global financial system that is currently into a massive shift from a centralized to decentralized. They understand crypto as a financial instrument rather than a stored value asset that can be exchanged versus goods like gold.
What are the differences of cryptocurrency compare to other form of assets? First, it is easy to acquire. Simply, go to exchange or buy peer to peer. Second, easy to store and most secure. You can't store bullions of gold, it might be stolen by powerful corrupt persons. Your cryptos can be kept in a highly secured wallets and password protected. Third, easy and fast liquidation. You dont need a middle man to liquidate your crypto assets! You can use it to buy goods and services the most secure way or simply put it in the exchange versus other currencies.
Stop being fooled! The buying power of your paper money is being crushed everyday!
