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80% of the UK's borrowed money last month went to paying off existing debt, akin to using a credit card to pay off another credit card, highlighting fiscal irresponsibility.
The current financial system incentivizes people to invest in assets to outpace inflation, leading to speculative behavior and increased debt.
The current financial system encourages people to work for the government due to distorted price signals from money printing.
The current education system fails to teach people about the true nature of money, contributing to financial mismanagement and dependency on fiat currency.
U.S. dollars are considered the greatest product in human history, but many people around the world cannot access them due to legacy financial systems.
When gold was money, the only way to create cash was by mining gold, a dangerous and expensive endeavor. Now, with no gold standard, money can be created through various means, such as printing money and issuing debt.
The concept of 'money illusion' suggests that even if money isn't backed by physical assets, people must believe it is for the currency to function effectively.
The current fiat system's reliance on debt and money printing is unsustainable and leads to long-term economic instability.
U.S. dollars are considered the greatest product in human history, but many people around the world cannot access them due to legacy financial systems.
U.S. dollars are considered the greatest product in human history, but many people around the world cannot access them due to legacy financial systems.