How many know how the monetary system works

How many know how the monetary system works

By Aristos | cryptobot | 17 Jun 2020


The privileged have decided to keep their privileges. The deck should not be redistributed. Aces and kings must remain in the hands now. And then ... came Bitcoin.

How many people know how the monetary system works? Few, you will say. Error. The correct answer is "nobody". Some people think they know, but in fact they know what they have been told. Where is the problem of understanding? In complexity and opacity.

How many know how many euros were printed yesterday? How many know the volume of euro transactions in the last 24 hours? Or any other 24 hours? In the last month or any other month? Even governments do not know this. So that we do not go to other questions, such as what the monetary policy of the Central Banks (CT) will be in the near future. At what height will the interest rate be? How many euros or dollars or rubles are available to channel?

In fact, if we raise the bar of questions on what the monetary policy of the CT will be in the next 5 or 10 or 100 years, then not only will we not even have the suspicion of an answer, but they will laugh out loud with our questions.

And yet in Bitcoin we know all this. To be precise and in the depths of many decades. It is the most inviolable, most transparent monetary system ever invented. You know how it is programmed to work, because its code is open. Everyone can control it, even you. You can go back in time to a specific date and see exactly the transactions that have taken place. All over the world, with the smallest detail. At the exact time, the exact amount.

This is not a theoretical approach. It has already been implemented. It has been happening for 10 whole years in practice. Non-stop, without the slightest mistake or interruption.

All conventional coins that have some CT on the back are constantly producing new ones. At what pace? Unknown, but not big. For example, the dollars in the system today are twice as high as just 10 years ago. Twice! And we're talking about one of the hard currencies that exists. From the world's largest economy, not a small country with competitiveness problems looking for solutions in the press.

The system is addicted to liquidity, quantitative easing, money printing. It is so necessary that even if they think of limiting liquidity, the system collapses. And what is the solution that the banking elite and the eminent economists who determine our destiny have devised? Give even stronger doses.

As a rule, over time, the ruling class is the last to want change. They have no reason to do anything to disrupt the current social structure. In the banks even more, because it is a small space and its elite has paper thickness. They consider that their power rightfully belongs to a divine reward. Their mentality is not much different from the Ottoman regime, when the ruling class of the time had opposed typography. Books spread ideas and make it harder to control citizens, as they may contain subversive thoughts and challenge social and economic hierarchy. The fact that knowledge is valuable for economic progress was an acceptable collateral loss.

 

What do we want to show with the example of the books? That nothing is reproduced with greater persistence than the determination of the privileged to keep their privileges. The deck should not be redistributed. Aces and kings must remain in the hands now. This is a variation of "history is written by the winners".

Law is a matter of power. It is not always based on numerical superiority or the force that can be imposed by force. True power is calm, it dominates through social values. When the legal is imposed as both moral and ethical. By controlling your privileges and taking away someone's opportunity to compete with you, you are no different than a common criminal. With the difference that the perpetrator has the honesty not to demand from his victim to consent to the theft.

Is the theft description excessive? Then how is it justified that the inequality has increased dramatically from the policies of liquidity in the financial sector? Only drops fall into the real economy. Instead of trying to fix the system's flaws, they choose the easy solution of the "print" and the uncharted road of negative interest rates.

 

It is inevitable and legitimate to have some degree of inequality. However, everything is judged on a case-by-case basis. When the people consider that the economic elite is richly rewarded for mediocre performance, that they are only interested in themselves in bad times, then the ties are broken. No matter how much power she has, she cannot keep the others submissive to her incompetence and greed for long. It is not tolerated to be their own destination to take and many to just give.

At some point the reversal will take place. It is not a wish or a view or a prophecy. It is historically confirmed. The difference is that this time, the revolution will be peaceful. And it will come from Bitcoin. The only currency that comes out of the people and spreads to the people. Not by someone powerful or state power or banking centers.

We have now surpassed IF. There is no "if". It will be done. We haven't seen anything yet. The only "if" that exists as a question is whether we will participate in this revolution that is unfolding before our eyes or whether we will remain passive recipients.

 

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