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RE: Fiat currency is dying - How will YOU manage when the paper in your wallet becomes worthless? Are you protected?

in #truth7 years ago

Fiat is going nowhere anytime soon. Governments have enough control and power to make sure of that. As @trucidus said, diversification of assets. That's what should be done, but to say it's going the way of the dinosaur is a bit premature and surely will be for many years if not decades/centuries to come.

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They always fail, diversification is so you keep your savings in something that won't end up worthless. You may have so choice but to be paid and transact in fiat but keeping your savings in it is very unwise.

We can just try to build a lot awareness about this subject and think about parallel thoughts and structures in this system.
for example through such groundbreaking ideas:
http://gradido-university.com/wp-content/uploads/2016/03/Gradido_ebook_en_Edition2_free.pdf

This is the homepage which will soon be also available in English:
https://elopage.com/s/gradido/home-de?pid=1039&prid=111

Or a total different idea:
http://www.wissensmanufaktur.net/media/pdf/plan-b-english.pdf

Innovation and technology are faster now, the big banks in the world have power and money to invest and develop cryptocurrencies on demand by the governs and do not lose the power and control of economy.

Good post. I agree that the banks have so much power over Congress (I'm assuming we are all US) that they will drain the remaining value out of the dollar until the IMF puts us on a North American currency but I think we are only a few years from that if Trump doesn't appoint some folks (to the FED) with gold backing in mind. Read The Creature From Jekyll Island.
When you say government control, you should say bank control. They run the show. They can oust any Rep in DC any time they need to. Also, that control could make BTC illegal in the US. No options to cash out. All it will take a one incident tying BTC to terrorism. They'll probably fake it but they can make it stick.

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