Just a few days ago a central bank official in our country is making a fool of himself by issuing a public statement that is so out of touch with what's going on in cryptocurrency,
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Just a few days ago a central bank official in our country is making a fool of himself by issuing a public statement that is so out of touch with what's going on in cryptocurrency,
There are two types in central banks.
those who are economists hence do not understand cryptocurrency.
they are bankers who understand yet are threatened by crypto.
Odds are they are in the former or at least listening to it.
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Replace the word "cryptocurrency" with "economics" and it would still be true.
Very true. They do not understand money which is a major problem since it cannot be separated from the economy.
For all their ills, it is best to understand banking since they are the ones who run things. We can live in a theoretical world and pretend it is otherwise but the commercial (international) banking system runs everything.
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This isn't "conspiracy theory," either. This is run-of-the-mill, mundane fact.
As for the term "conspiracy theory," all it means is that is is a true or verifiable statement which runs counter to the story the authorities want to foist upon the public or the people. It's not about "aliens" or "lizard people" or "secret societies"-- The term never gets used when falsehoods are presented as alternative explanations to what a political authority says happened since falsehoods can be disproven.
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No not conspiracy theory. Rather just a basic understanding of the wholesale banking system and money is created as well as intermediated.
Most think what they know about the monetary system and the Fed is what actually is real. It is not. The banking system is in control of the money supply, directing it. Sadly, they intermediate to where and when it is most profitable, not required.
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