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Deleted2BB3x9
Guest
Another good name for this thread would be : How To Protect Your Hard-Earned Money Against Inflation.
The wrong way to save money:
Many people want to save money, but most are doing it the wrong way. The common way to save money is by putting it in a bank, buying bonds or investing in the stock market. But by doing so, you are giving away control of your money! You are investing your money in something which has no real value, you are supporting a fiat currency which has no real value. By supporting this currency with no value, you are supporting the banks. When you support the banks, you are giving the banks more power, allowing them to continue issuing currency with no real value.
This is called inflation.
How the bank works:
Banks make money by fractional reserve banking. This means they issue loans/create money without having any collateral value. Actually, they hold approximately 10% of all the money they loan. This is so if someone comes into the bank to take out some money, they have a reserve to give them. This only works because there are far more loans than withdrawals. The bank doesn't hold as much it as gives out, they create loans out of thin air. When they create a loan, they charge interest on that loan, and keep the money paid back and interest as profit. But this interest also came out of thin air, where is the money to pay back the interest supposed to come from? The bank of course. So you are forced to loan more money to pay back the interest, which also has interest. Then inflation comes into play, so you are forced to work harder and harder to pay off your debt, while your money is worth less and less and the interest gets bigger and bigger. You are locked into debt servitude! The only way to break the chain is by beating inflation. So how do you do that?
How to protect against inflation/The right way to save money:
To save money and protect yourself against inflation, you must invest in assets with real VALUE. Good examples of this are: Precious Metals, Real Estate, Land, Business, Commodities, CryptoCurrencies, etc. When you invest in assets, you are investing in value. Since inflation will reduce the value of currencies, the value of your assets will increase. And now you are protected against inflation! So stop giving away control of your money to banks! You're causing inflation...
This is a very simple explanation of inflation, debt and how the banks work. However, I would love to hear other people's opinions and discuss this topic. I believe this is a very interesting topic.
The wrong way to save money:
Many people want to save money, but most are doing it the wrong way. The common way to save money is by putting it in a bank, buying bonds or investing in the stock market. But by doing so, you are giving away control of your money! You are investing your money in something which has no real value, you are supporting a fiat currency which has no real value. By supporting this currency with no value, you are supporting the banks. When you support the banks, you are giving the banks more power, allowing them to continue issuing currency with no real value.
This is called inflation.
How the bank works:
Banks make money by fractional reserve banking. This means they issue loans/create money without having any collateral value. Actually, they hold approximately 10% of all the money they loan. This is so if someone comes into the bank to take out some money, they have a reserve to give them. This only works because there are far more loans than withdrawals. The bank doesn't hold as much it as gives out, they create loans out of thin air. When they create a loan, they charge interest on that loan, and keep the money paid back and interest as profit. But this interest also came out of thin air, where is the money to pay back the interest supposed to come from? The bank of course. So you are forced to loan more money to pay back the interest, which also has interest. Then inflation comes into play, so you are forced to work harder and harder to pay off your debt, while your money is worth less and less and the interest gets bigger and bigger. You are locked into debt servitude! The only way to break the chain is by beating inflation. So how do you do that?
How to protect against inflation/The right way to save money:
To save money and protect yourself against inflation, you must invest in assets with real VALUE. Good examples of this are: Precious Metals, Real Estate, Land, Business, Commodities, CryptoCurrencies, etc. When you invest in assets, you are investing in value. Since inflation will reduce the value of currencies, the value of your assets will increase. And now you are protected against inflation! So stop giving away control of your money to banks! You're causing inflation...
This is a very simple explanation of inflation, debt and how the banks work. However, I would love to hear other people's opinions and discuss this topic. I believe this is a very interesting topic.
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