There’s an unlimited amount of U.S. Dollars. They can and are created without limits by a small group of people, the federal reserve. Sounds like a government institution, but the federal reserve is a private company just like federal express (FedEx).
U.S. Dollars are created by a private company that answers to no one and has never been audited. This private company literally has the power to create as much money as they want, whenever they want. This is true for all countries and all fiat currencies.
Let that sink in for a minute.
All countries have unlimited funds that they create whenever they want. This is the same money you go to work for every single day. The same exact money.
Since we live in a digital age, (think direct deposit) the federal reserve doesn’t even have to print the money. They simply credit bank accounts with a direct deposit in any amount they wish! Sounds like a joke, but sadly it’s true. It’s hard to fathom this type of power and corruption. It’s much easier to think there’s a legit system in place and everything’s taken care of by very smart people at the top of the pyramid.
If you don’t believe it, let’s have a look at the US Dollars purchasing power over time.
When the dollar was first created back in 1913, 1 dollar was worth 1 dollar. Today in 2018 that same dollar is worth 0.05 cents!
We still use dollars as payment because we’re used to it, normalcy bias and the government says it worth something, legal tender. The dollar isn’t backed by anything and it’s created by the trillions. Every Americans’ wealth is being eroded away everyday by this endless creation of digital dollars.
Bitcoin fixes this.
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Now I know that the Dollar made by the private company not the government.
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Yeah this is the problem of physical money because of inflation that why the value of physical money is going down by a decade or a year
Good For everyone someone is created a digital currency for me that is the future of physical money ..
Maybe in the next 10-20 year bitcoin or cryptocurrency is one of the big thing
Thank for additional knowledge about bitcoin
Yeah as years progress along with technolgy..new trend zones come in like this bitcoin but people before are so hesitant to invest on this ,mostly think its a scam that it will later slope down till it will eventually stop or end but it didnt so later mostly were disappointed why they havent invested wen it was still at lits Lowest mark….then the evolution of this cryptocurrencies were known and more and more people are beciming aware of it….one info dynamics diesnt just come from google but from video streams like this which u shared…so cooll
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