Currencies are not based on anything. They are only backed by the good will of the Central Bank
Please see: The gold standard
A Central Bank may at any time print huge amounts of currency, making your savings worthless.
Please see: Hyperinflation
In a year your currency will be worth less - everything through the actions of the Central Bank, which strives to make your currency lose it's value every year.
Please see: Inflation target
Your money does not exist. There is no cash in your bank! Only 3.5% of funds are held in the bank, the rest is just a digital record.
Please see: Fractional reserve system
The currency system is hanging by a thread - it will fall if everyone wants to withdraw their cash from the bank.
Please see: Bank Run
A Bank may at any time block your funds or drastically reduce withdrawals, as happened in Greece.
In the event of a bank's financial problems, the missing amount will be covered by your deposited funds.
Please see: Bail-in
The cash you touch could have come from drug dealing or prostitution
Be careful with FIAT money trading screen | |
| 3,836 Likes | 3,836 Dislikes |
| 19,388 views views | 26.9K followers |
| Education | Upload TimePublished on 12 Dec 2017 |
Không có nhận xét nào:
Đăng nhận xét