Allow me to let you in on something you already know but probably don't realise, EVERYONE is out to get your purchasing power. If you are a productive member of society, you sell your skills either directly or indirectly via products you make. You trade your time and skill and return you're rewarded with a figure you feel is fair.
You then stockpile that currency you earned for your labour and time and trade it with others for goods and services you need. It's an elegant, efficient and simple solution to trading and has given rise to the world we see today.
Unfortunately, not every member of society is productive, and when you're not productive, you either have to live off charity or live as a parasite.
All currency is created equal but creates inequality
Since currency is fungible, it doesn't matter if you acquired it through honest means, printed it out of thin air or stole it, once it's in your possession it's yours to use as you please.
This is where currency creates inequality, while others work for it and give it value by trading and accepting it; others can steal and create at will.
But that is not enough, people will always want more, and this is why they come after your stored purchasing power.
Banks and financial institutions
The first point of contact with money for most of us is the banking system. The biggest collection of snake oil salespeople and swindlers with a licence to do so and take your money at will.
Since we are forced to use their services, they take from us fro every transaction, every month we store money with them, every time we want anything from them. Every time we borrow from them, they take a little more of your purchasing power.
This centralises wealth and gives it to many people who think they are smart but are very much undeserving of the capital. When last did you see a banker actually use their capital to create change? Never, they're too busy enjoying the status quo.
When you invest, you do so knowing you have the chance to lose money. Remember, on every trade there is a winner and a loser and because of this, you won't always win. Yes, there are people whose win ratio is higher than most, but that means there's a large % of people losing.
In a fiat system, the smart money get the information and get to use other peoples capital to trade. The dumb money, the retail investor, is meant to be front run and stolen from, we can see the clear evidence of this by the Ponzi scheme we call a stock market.
In every economy, there are good and businesses, in a good economy, the bad businesses swindle a few consumers and then crash and burn. But in a fiat-based Ponzi economy, they allowed keeping going because they provide jobs. They create massive inefficiencies and cost implications, and since they cannot survive through trade alone, governments and banks backstop them with purchasing power stolen from you.
Scams and Con artists
This one is pretty simple, but not easy to recognise, and many get taken for a ride. They come in all shapes and sizes, but their main goal is to get something for nothing. All they want to do is get you to hand over your purchasing power in exchange for something worth nothing.
The government naturally feels since you were born in an area they govern, or moved there, you need to pay them for the privilege of it. They either nail you through taxes or inflation, both of which is legalised theft that we have normalised and both of which rob from YOUR purchasing power.
Have your say
What do you good people of HIVE think? How are you protecting your purchasing power?
So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."
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