What I can tell you from my conversations with clients is that more and more people are starting to see bitcoin as money and the potential to replace the current
fiat central banking system that has gotten out of hand.
Not exact matches
That led me to the complete scam of
central banking,
fiat currency, and the fractional reserve
system.
In a fiscal emergency, especially under
fiat money
systems, formerly independent
central banks tend to lose their independence and begin printing money to pay the government's bills, more money than is consistent with low inflation.
Sufficed to say, if there is ever a crisis of confidence in
fiat currency based assets, like government debt, there aren't many options out there for
central banks to use in order to restore faith in the
system.
That would be the knock against many of the current
fiat systems;
central banks can print money and deflate its value, thereby decreasing its purchasing power.
Currently, the issuance of
fiat currency in China follows the «
central bank - commercial
bank»
system, and most of the social and economic activities are based on the commercial
bank account
system.
«In government - run
fiat currency
systems, the
central bank aims to adjust the money supply in response to changes in aggregate demand for money in order to stabilize the price level.
Cryptocurrency is a special target because it threatens the
central banking system and
fiat currency, upon which elite power is propped.
Jeff is interviewed by Christina Tobin for the Free & Equal Network, topics include: Jeff Berwick to be a speaker at United We Stand, Christina Tobin attended Anarchapulco 2018, Texas A&M, nearing the end of the current
system, the
fiat currency bubble, Trump and ever increasing debt, interest rates and money printing, one world government, global taxation, the Bilderberg meetings, governments and
central banks are the problem, evils of the party
system, taxation is extortion, cryptocurrencies and freedom, United We Stand 2018
With the
central bank's
fiat currency constantly depreciating, and the monetary
system becoming increasingly unstable, Newman argues that it's time for states to take the lead in restoring honest money.
Some users believe the new
fiat cryptocurrency to be a direct attack on the principles of bitcoin and an attempt on the part of
central banks to control digital
systems.