StackSats on Nostr: Central banks are meant to ensure financial stability. The financial system is ...
Central banks are meant to ensure financial stability.
The financial system is unstable because it’s built on debt and fractional reserve banking.
Stability is ensured by socializing losses of reckless behavior. The poorer you are the more you are usually affected by these socialized losses and the less you profit from the upside potential of this ponzi. It’s a giant wealth redistribution system.
Protect yourself, adopt #Bitcoin.
The financial system is unstable because it’s built on debt and fractional reserve banking.
Stability is ensured by socializing losses of reckless behavior. The poorer you are the more you are usually affected by these socialized losses and the less you profit from the upside potential of this ponzi. It’s a giant wealth redistribution system.
Protect yourself, adopt #Bitcoin.