Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: admin on February 18, 2020, 11:04:15 PM
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A movie i recommend "too big to fail"
A look at the epochal financial crisis of 2008 and the people who decided the fate of the world's economy in a matter of weeks.
In the movie you hear Henry Paulson aying: There is not a bank in the world that has enough money in its vault to pay its depositors. It's all built on trust.
The money we spend does not exist and never existed, this digital money created and destroyed in billions while you slave for few $/ per hour.
What do you think ?
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I haven't watch any movie in a while. I look it up and see share my opinion later.
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I have watched a movie about gold more valuable than money. Yes, of course people used to exchange their gold for money, but do they not think that money can be created again while gold is limited. The same thing applies when everyone wants to take their gold in the bank. is the bank able to return it? I think they will go bankrupt.
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The entire world financial system is built on trust, but taking into account the laws of the economy. People are forced to use this common financial system, because the barter system for exchanging goods is extremely inconvenient.
Cryptocurrency is designed to become an alternative tool to the current financial system.
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IMF is behind this. The USA is using this opportunity to print more dollar which is backed by nothing. The time of paper money is over and the fraud banking system is nothing but a lie. Bank doesn't have that many valuable assets to pay their user if all people want to cash out their money with some valuable assets. That's why USD is not backed by oil, not gold.