roadx on Nostr: It's Monday, time to go to work. Imagine living in a world where the money you work ...
It's Monday, time to go to work.
Imagine living in a world where the money you work so hard for — money that people globally spend an average of 33% of their time earning — is created by a central bank with just a few keystrokes.
However, you have to work hard for it and deposit it into your bank account. Yet, your bank is not required to hold onto it. Instead, they can gamble with your money to generate more profit for themselves, holding only 1% as a fractional reserve. You are merely a creditor to them, and if they gamble and lose, your money is gone.
Happy working.
#Fiat #Money #ECB #FED #Bitcoin
Imagine living in a world where the money you work so hard for — money that people globally spend an average of 33% of their time earning — is created by a central bank with just a few keystrokes.
However, you have to work hard for it and deposit it into your bank account. Yet, your bank is not required to hold onto it. Instead, they can gamble with your money to generate more profit for themselves, holding only 1% as a fractional reserve. You are merely a creditor to them, and if they gamble and lose, your money is gone.
Happy working.
#Fiat #Money #ECB #FED #Bitcoin